Bagmane Prime Office IPO: Price Band, Lot Size, Financials & Review
Bagmane Prime Office IPO listed on BSE & NSE on Thu, 14 May 2026. The issue was subscribed 16.10x overall.
- Open Date
- 5 May 2026
- Close Date
- 7 May 2026
Last updated
- Price band
- ₹95 – ₹100
- Lot size
- 150 shares
- Min. investment
- ₹15,000
- Issue size
- ₹3,405 Cr
- Last GMP
- +₹4
- Subscribed
- 🔥 16.10x
Bagmane Prime Office IPO details
Bagmane Prime Office IPO is a ₹3,405 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹2,390 Cr (70.19%) with an offer for sale of ₹1,015 Cr (29.81%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Tue, 5 May 2026 to Thu, 7 May 2026. Allotment was finalised on Tue, 12 May 2026, and the shares listed on BSE & NSE on Thu, 14 May 2026.
The price band is ₹95 to ₹100 per share and the lot size is 150 shares, so the minimum retail application is ₹15,000.
KFin Technologies Limited is the registrar, and IIFL Capital Services Limited, Axis Capital Limited, HDFC Bank Limited, JM Financial Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited and 360 ONE WAM Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Bagmane Prime Office IPO GMP before listing was +₹4 (+4.00% against the upper price band of ₹100), implying an estimated listing price of ₹104. Across 10 days of tracking, GMP ranged from 0 (28 Apr) to +₹4 (06 May).
| Last GMP | +₹4 |
|---|---|
| GMP vs upper band | +4.00% |
| Estimated listing price | ₹104 |
| Highest (06 May) | +₹4 |
| Lowest (28 Apr) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Bagmane Prime Office IPO day-wise GMP.
Subscription
Day-wise subscription →Bagmane Prime Office IPO was subscribed 16.10x overall: QIB 13.73x and NII 18.94x.
| Category | Subscribed |
|---|---|
| QIB | 13.73x |
| NII | 18.94x |
| Total | 16.10x |
Final figures at the close of bidding on 7 May 2026. Category-wise bids, application-wise breakup and allotment chances are on the Bagmane Prime Office IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 8,06,84,100 | 54.55% |
| Non-Institutional | 6,72,36,900 | 45.45% |
| Total | 14,79,21,000 | 100.00% |
Issue structure and valuation
It combines a fresh issue of ₹2,390 Cr (70.19%) with an offer for sale of ₹1,015 Cr (29.81%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 0.00% |
| Promoter holding (post-issue) | 0.00% |
Bagmane Prime Office REIT financials
Between 31 Mar 2024 and 31 Mar 2025, Income rose from ₹2,237.33 Cr to ₹2,390.88 Cr, and profit after tax rose from ₹809.36 Cr to ₹897.1 Cr. The PAT margin for 31 Mar 2025 was 37.52%.
| Period ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 7,243.43 | 7,238.48 | 6,816.04 |
| Total Income | 630.67 | 2,390.88 | 2,237.33 |
| Profit After Tax | 253.95 | 897.10 | 809.36 |
₹ in crore, as stated in the prospectus.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park |
| 2 | Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL |
| 3 | General purposes |
About Bagmane Prime Office REIT
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.
Contact details
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
Bagmane Prime Office IPO FAQs
- What is the Bagmane Prime Office IPO price band?
- The Bagmane Prime Office IPO price band is ₹95 to ₹100 per share.
- What is the Bagmane Prime Office IPO lot size and minimum investment?
- The Bagmane Prime Office IPO lot size is 150 shares. The minimum retail investment is ₹15,000 for one lot at the upper price band.
- When was Bagmane Prime Office IPO open for subscription?
- Bagmane Prime Office IPO was open for subscription from Tue, 5 May 2026 to Thu, 7 May 2026.
- What is the Bagmane Prime Office IPO subscription status?
- Bagmane Prime Office IPO was subscribed 16.10x overall: QIB 13.73x and NII 18.94x. Day-wise and category-wise figures are on the subscription page.
- What was the Bagmane Prime Office IPO GMP before listing?
- The last Bagmane Prime Office IPO GMP before listing was +₹4 (+4.00% against the upper price band of ₹100), implying an estimated listing price of ₹104. Across 10 days of tracking, GMP ranged from 0 (28 Apr) to +₹4 (06 May). GMP is an unofficial grey market indicator and can change quickly.
- What is the Bagmane Prime Office IPO allotment date?
- The Bagmane Prime Office IPO basis of allotment was finalised on Tue, 12 May 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Bagmane Prime Office IPO listing date?
- Bagmane Prime Office IPO listed on BSE & NSE on Thu, 14 May 2026.
- Is the Bagmane Prime Office IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹2,390 Cr (70.19%) with an offer for sale of ₹1,015 Cr (29.81%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Bagmane Prime Office IPO?
- The registrar for the Bagmane Prime Office IPO is KFin Technologies Limited, and the book running lead managers are IIFL Capital Services Limited, Axis Capital Limited, HDFC Bank Limited, JM Financial Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited and 360 ONE WAM Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.