Bagmane Prime Office REIT
Price Band
₹95 – ₹100
Issue Size
₹3405 Cr
Issue Dates
5 May – 7 May 2026
Listing Date
15 May 2026
About Bagmane Prime Office REIT
Bagmane Realty Investment Manager Private Limited is the investment manager associated with Bagmane Prime Office REIT. The company is engaged in the management of commercial office real estate investment assets and oversees premium Grade A+ office parks primarily located in Bengaluru. The REIT portfolio includes large technology-focused business parks leased to multinational corporations and global capability centers. The company focuses on long-term asset management, tenant leasing strategies, and value creation in commercial real estate.
Visit WebsiteIPO Details
| Price Band | ₹95 – ₹100 |
| Face Value | TBA |
| Issue Size | ₹3405 Cr |
| Fresh Issue | ₹2390 Cr |
| Offer for Sale | ₹1015 Cr |
| Listed On | Both |
Objects of the Issue
Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park; Part funding of acquisition by BDPL of 93% equity share capital of BRPL; General corporate purposes
Key Financial Metrics
EPS (Basic)
₹2.64
P/E Ratio
37.88x
Financial Performance
| Particulars (₹ Cr) | FY23 | FY24 | FY25 | 9M FY26 |
|---|---|---|---|---|
| Revenue | 2,002.52 | 2,237.33 | 2,390.88 | 1,959.79 |
| EBITDA | — | — | — | — |
| PAT | 758.7 | 809.36 | 897.1 | 829.02 |
| Total Assets | 6,296.89 | 6,816.04 | 7,238.48 | 7,674.82 |
| Net Worth | 1,288.74 | 1,224.27 | 1,579.71 | 2,677.35 |
| Total Borrowings | — | — | — | — |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 75% | No |
| QIB (Qualified Institutional Buyers) | 25% | No |
| Anchor Investors | 33.77% | No |
| Shareholder Quota | 24.96% | No |
Registrar & Lead Managers
Anchor Investors
| # | Investor | Type | Shares | Amount (₹ Cr) | % of Issue |
|---|---|---|---|---|---|
| 1 | Anchor Investors (Aggregate) | Institutional | 11,49,74,850 | 1,149.75 | 33.77% |
| 2 | QIB Anchor Portion (Part of QIB allocation) | Institutional | 11,49,74,850 | 1,149.75 | 33.77% |
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Bagmane Prime Office REIT (this IPO) | — | 34,000 | ₹2.64 | 37.88x | — |
| Embassy Office Parks REIT | Yes | — | — | — | — |
| Mindspace Business Parks REIT | Yes | — | — | — | — |
| Brookfield India Real Estate Trust | Yes | — | — | — | — |
| Nexus Select Trust | Yes | — | — | — | — |
Data as of 31/3/2025
Documents
Frequently Asked Questions
12 questions about Bagmane Prime Office REIT IPO
Important Dates
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