Bagmane Prime Office REIT
Open MainLineCurrent GMP
₹4 (+4.00%)
Price Band
₹ 95 – 100
Lot Size
150
Issue Size
₹3405 Cr
Minimum Investment
₹15000 (150 Shares)
Listing Date
14 May 2026
Subscription
16.1x
About the Company
Bagmane Prime Office REIT is a commercial real estate investment trust that owns and operates high-quality Grade A+ office parks in Bengaluru, one of India’s most prominent office markets. Its portfolio is strategically located across key business districts in the city and is largely leased to multinational corporations and leading global technology firms.
As of June 30, 2025, the REIT’s portfolio included six Grade A+ business parks, spanning a total area of 20.3 million square feet, with 19.6 million square feet available for leasing. The portfolio maintained a strong committed occupancy level of 97.9%. In addition to completed office spaces, it also comprises under-construction assets, future development projects, as well as hospitality and solar power components.
The tenant mix features major global companies such as Google, Amazon, and Nvidia, along with other multinational enterprises in the technology and allied sectors. The REIT emphasizes long-term leasing relationships, tailored built-to-suit office spaces, and opportunities for tenant expansion within its existing parks.
Sponsored by the Bagmane Group, a Bengaluru-based developer known for premium office assets, the REIT benefits from a robust pipeline of upcoming developments across multiple Indian cities.
Promoters
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park
- Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL
- General purposes
Address / Contact Info
Bagmane Prime Office REIT
5th Floor, ‘B’ Block,
Laurel Building, C.V. Raman Nagar,
Bagmane Tech Park,
Bengaluru, Karnataka, 560093
- +91 80 4032 9901
- reitcompliance@bagmanereit.com
- Visit Website
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 05 May 2026
IPO Close Date
Thursday, 07 May 2026
Basis of Allotment
Tuesday, 12 May 2026
Initiation of Refunds
Wednesday, 13 May 2026
Credit of Shares to Demat
Wednesday, 13 May 2026
Listing Date
Thursday, 14 May 2026 — NSE & BSE
Important Dates
Open Date
05 May 2026
Close Date
07 May 2026
Basis Of Allotment
12 May 2026
Listing Date
14 May 2026
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 7243.43 | 7238.48 | 6816.04 |
| Revenue | 630.67 | 2390.88 | 2237.33 |
| Profit After Tax | 253.95 | 897.1 | 809.36 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 0 | 0 | 0 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular |
|---|
| ROE % |
| ROCE % |
| Debt / Equity |
| RoNW % |
| PbW |
| Pat Margin % |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 80684100 | 54.55 | 0 |
| Non-Institutional | 67236900 | 45.45 | 0 |
| Total | 147921000 | 100 | 0 |
Subscription Status ( Thu, 07 May 26 11:38 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 80684100 | 1107481050 | 13.73x |
| Non-Institutional | 67236900 | 1273484100 | 18.94x |
| Total | 147921000 | 2380965150 | 16.1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- IIFL Capital Services Limited
- Axis Capital Limited
- JM Financial Limited
- SBI Capital Markets Limited
- Kotak Mahindra Capital Company Limited
- 360 ONE WAM Limited
- Hdfc Bank Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Bagmane Prime Office REIT is a Book-building IPO worth ₹3405 crores. The price band is ₹95 to 100 per share. The IPO opens on Tue, May 5, 2026 and closes on Thu, May 7, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Bagmane Prime Office REIT opens on Tue, May 5, 2026 and closes on Thu, May 7, 2026
Bagmane Prime Office REIT Price Band is ₹95 to 100.
Bagmane Prime Office REIT lot size is 150, and the minimum amount required for application is ₹15000.
The minimum investment for Bagmane Prime Office REIT is approximately ₹15000 based on the upper price band.
To apply for the Bagmane Prime Office REIT, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, May 7, 2026. After submission, funds are blocked until the basis of allotment of Bagmane Prime Office REIT is finalised.
Bagmane Prime Office REIT issue size is ₹3405 crores.
Bagmane Prime Office REIT allotment date is Sat, Jun 27, 2026.
The registrar for Bagmane Prime Office REIT is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Bagmane Prime Office REIT through their official website or helpline.
The Bagmane Prime Office REIT GMP (Grey Market Premium) is ₹4 as of Thu, May 14, 2026. Based on the upper price band of ₹100 per share, the estimated Bagmane Prime Office REIT listing price is ₹104, indicating a potential listing gain of approximately 31% over the issue price.