Bagmane Prime Office REIT IPO

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Price Band

95 – ₹100

Issue Size

3405 Cr

Lot Size

150 shares

Min ₹15,000

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.

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IPO Details

Price Band₹95 – ₹100
Face ValueTBA
Lot Size150 shares(Min ₹15,000)
Issue Size₹3405 Cr
Fresh Issue₹2390 Cr
Offer for Sale1015 Cr
Total Shares Offered34,05,00,000
Listed OnBoth

Objects of the Issue

Objects / Purpose of Issue Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park – ₹1,420 Cr Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL – ₹820 Cr General corporate purposes Total Estimated Utilization ₹2,240 Cr The net proceeds from the REIT issue will primarily be utilized for acquiring premium commercial office assets and funding strategic real estate acquisitions within the Bagmane Group portfolio, along with general corporate purposes.

Financial Performance

Particulars (₹ Cr)FY24FY259M FY26
Revenue2,237.332,390.881,959.79
EBITDA
PAT809.36897.1829.02
Total Assets6,816.047,238.487,674.82
Net Worth
Total Borrowings

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
Retail (RII)150 shares₹15,000

Registrar & Lead Managers

Registrar

KFin Technologies Limited

Lead Managers (7)

JM Financial Ltd
Kotak Mahindra Capital Co.Ltd.
Axis Capital Ltd.
IIFL Capital Services Ltd.
SBI Capital Markets Ltd.
360 One WAM Ltd.
HDFC Bank Ltd.

Frequently Asked Questions

10 questions about Bagmane Prime Office REIT IPO IPO

It is a Real Estate Investment Trust IPO that allows investors to invest in a portfolio of Grade A+ commercial office properties in Bengaluru managed under the Bagmane Group.

Important Dates

Issue Opens5 May 2026
Issue Closes7 May 2026
Anchor Bid Date4 May 2026
Allotment12 May 2026
Refund Initiation13 May 2026
Demat Credit13 May 2026
Listing Date15 May 2026

Live GMP

Grey Market Premium4.9
GMP %4.9%
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Subscription

24.96x

Overall Subscribed

QIB26.58x
NII22.82x
Retail21x
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