Bagmane Prime Office REIT Summary
There exists a very vibrant demand in the commercial real estate space within India, especially Bengaluru, owing to the inflow of numerous multinational organizations and technology companies that need quality Grade A+ offices. Bagmane Prime Office REIT is well-placed to capitalize on this demand through its strength in forming lasting business relationships with tenants, custom-made office spaces, and strategic locations of its properties within important micro markets in one of India’s best office locations.
Bagmane Prime Office REIT is an Indian real estate investment trust owning and operating a large business park portfolio. The current asset base comprises six Grade A+ business parks comprising 20.3 million sq. ft. and having 19.6 million sq. ft. of leasable area with a commendably high 97.9% committed occupancy rate. Its tenant base comprises reputable international players like Google, Amazon, and Nvidia, among others. This indicates its stability and importance in serving as an infrastructure partner to global companies in the technology space and others.
Bagmane Prime Office REIT will be undertaking an IPO offering equity shares with a face value of ₹10, at a price band of ₹95.00 to ₹100.00 each. The total size of the issue will amount to ₹3,405.00 crore made up of a fresh issue of ₹2,390.00 crore and Offer For Sale (OFS) worth ₹1,015.00 crore. The primary purpose for undertaking the fresh issue is to buy properties such as Luxor at Bagmane Capital Tech Park and acquire equity shares in BRPL. The IPO is expected to open on 5 May 2026, close on 7 May 2026, and be listed on BSE & NSE on 15 May 2026.
Bagmane Prime Office REIT Limited IPO Details:
Bagmane Prime Office REIT Limited Issue Management:
Kotak Mahindra Capital Co Ltd acts as the book-running lead manager for Bagmane Prime Office REIT IPO, managing underwriting and compliance.
Bagmane Prime Office REIT Limited IPO RTA (Registrar) Details:
Kfin Technologies Ltd. handles allotment, refunds, and demat credits - contact at 04067162222, 04079611000 or einward.ris@kfintech.com.
Bagmane Prime Office REIT Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Kfin Technologies Ltd. IPO Application Status page.
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The Bagmane Prime Office REIT IPO is a large-scale public offering totaling ₹3,405.00 crore. The issue structure consists of a fresh issue of units amounting to ₹2,390.00 crore and an Offer for Sale (OFS) by the selling unitholder aggregating up to ₹1,015.00 crore.
Bagmane Prime Office REIT Limited IPO proceeds from the fresh issue portion of the IPO will be utilized to strengthen the REIT’s asset base and capital structure through the acquisition of key commercial properties.
The allocation for the REIT is structured according to standard regulatory frameworks for such offerings. While specific share counts depend on the final pricing, the quota distribution for public investors is outlined as follows.
The Anchor bidding for the Bagmane Prime Office REIT IPO is scheduled to occur one day prior to the issue opening, consistent with SEBI guidelines for public offerings. Specific details regarding the list of anchor investors and the total number of units allocated to this category will be disclosed in the anchor allotment document, which is made public by the registrar, KFin Technologies Ltd., immediately preceding the issue date of May 5, 2026. Lock-in periods for these investors will adhere strictly to SEBI REIT regulations regarding pre-listing allotment.
The financial performance has been strong, which shows that the firm has continued to grow its assets and generate income through its operations. From the consolidated financial statements restated, the REIT generated a total income of ₹1,959.79 crore as of 31 December 2025, with a profit after tax of ₹829.02 crore. There has also been a growth in the firm's assets since the beginning of the reporting period. This is evidenced by the increase in assets from ₹6,816.04 crore in March 2024 to ₹7,674.82 crore as of 31 December 2025. The business is promoted by Raja Bagmane & Family, Bagmane Realty and Infrastructure LLP (BRI LLP) and backed by Blackstone.
Action Links:
To apply for Bagmane Prime Office REIT Limited IPO, open a demat account here
Bagmane Prime Office REIT Limited IPO Subscription Status: Check live subscription here
Bagmane Prime Office REIT Limited IPO GMP Update: Check latest grey market premium here
Bagmane Prime Office REIT Key Highlights:
The Bagmane Prime Office REIT is a commercial office REIT. The sponsor for Bagmane Prime Office REIT is Bagmane Realty & Infrastructure LLP, and its support comes from the Bagmane Group, with a collection of Grade A+ office parks in Bengaluru and tenants including leading global technology companies.
Its real estate investments are all located in Bengaluru and have been structured with a focus on meeting the increasing demands for office spaces among multinational companies and GCCs in the long run. There is also mention of near-total occupancy rates and excellent tenant profiles in public information.
Bagmane Prime Office REIT Risk Factors:
The risks of Bagmane Prime Office REIT Limited IPO are mentioned below:
The risks associated with Bagmane Prime Office REIT relate more to commercial real estate than to retail. These include geographic concentration in Bengaluru, tenant concentration with respect to large corporate tenants, susceptibility to office leasing trends, limitations imposed by the REIT structure, and execution risk related to acquisitions or development-based deals.
As a REIT, other factors such as interest rate risk, refinancing risk, and the risk of slowdown in rent increases due to weakening office leasing demand must be kept in mind. These differ materially from the operational risks of an SME in the beauty retail space or an e-commerce-focused organization.
Bagmane Prime Office REIT Expert Analysis:
Bagmane Prime Office REIT IPO is a book-built REIT issue, not an SME IPO. The issue size is ₹3,405.00 crore, comprising a fresh issue of ₹2,390.00 crore and an offer for sale of ₹1,015.00 crore, with the price band fixed at ₹95 to ₹100 per unit.
Basic details of the IPO:
Type of IPO: Book‑built REIT Issue
Size of the issue: ₹3,405.00 crore, or 34,05,00,000 units, ₹95 to ₹100 per unit, lot size 150 units, requiring a minimum investment of ₹15,000 at the upper band.
Uses of funds: Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park: ₹1,420.00 crore. Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL: ₹820.00 crore. General corporate purposes: ₹151.00 crore
Expert View on the IPO:
The Bagmane Prime Office REIT stands out as fundamentally solid as a commercial real estate investment trust owing to its high-quality assets and high-end tenant mix, in addition to the Bengaluru office space focus. The business model of the Bagmane Prime Office REIT cannot be understood on the basis of retail metrics and growth ratios.
The REIT could be suitable for those who are looking for real estate-linked cash flows and exposure to Indian office space, but not for those who are looking for a high-growth consumer retail business.
Should you invest in the Bagmane Prime Office REIT?
Bagmane Prime Office REIT would be well-suited for an investor seeking investments in high-quality office assets with some degree of industry focus, but not for one seeking diversification. The key attraction lies in the high quality of the Bengaluru office portfolio and tenants, while the main drawback is sector concentration.
Key Positive: High Quality of Portfolio & Tenants
Key Negative: Concentration Risk
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Bagmane Prime Office REIT Limited IPO, open a demat account here
Bagmane Prime Office REIT Limited IPO Subscription Status: Check live subscription here
Bagmane Prime Office REIT Limited IPO GMP Update: Check latest grey market premium here
1. What is the Bagmane Prime Office REIT Limited IPO open and close date?
The Bagmane Prime Office REIT IPO opens on 5th May 2026 and closes on 7th May 2026. The basis of allotment is expected on 12th May 2026, refunds and demat credit are scheduled for 13th May 2026, and the tentative listing date is 15th May 2026 on BSE and NSE.
Track Bagmane Prime Office REIT Limited IPO subscription status live here from Finnpick.
2. What is the Bagmane Prime Office REIT Limited IPO price band and lot size?
The price band is ₹95 to ₹100 per unit, and the minimum application size is 150 units. At the upper band, that means a minimum investment of ₹15,000.
3. What is Bagmane Prime Office REIT Limited IPO total size?
Bagmane Prime Office REIT’s total issue size is ₹3,405.00 crore. It includes a fresh issue of ₹2,390.00 crore and an offer for sale of ₹1,015.00 crore.
4. How to apply for the Bagmane Prime Office REIT Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or ASBA by May 07, 4 PM. Monitor Bagmane Prime Office REIT Limited IPO subscription tracker here.
5. How to check Bagmane Prime Office REIT Limited IPO Allotment Status?
The allotment date is on May 12th and can be checked on KFin Technologies. Ltd. RTA portal using PAN/DP ID.
6. What is Bagmane Prime Office REIT Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹6 as of Apr 30, indicating listing at the price range of ₹106 - check daily updates of Bagmane Prime Office REIT Limited IPO GMP trends here and live subscription status here from May 05th opening only on Finnpick.
7. What does Bagmane Prime Office REIT Limited specialize in?
Bagmane Prime Office REIT is a commercial office REIT, not a beauty or FMCG company. It owns and operates premium Grade A+ office parks in Bengaluru and earns rental income from large corporate tenants, including global technology companies.
8. When is the Bagmane Prime Office REIT Limited IPO listing date?
The Bagmane Prime Office REIT Limited IPO is scheduled to list on NSE BSE on May 15, 2026, which is approximately T+3 after the basis of allotment on May 12, 2026.
9. What are the Bagmane Prime Office REIT Limited IPO proceeds utilization details?
The fresh issue proceeds of ₹2,390.00 crore are proposed to be used mainly for acquiring Luxor @ Bagmane Capital Tech Park and funding the acquisition of 93% of BRPL and ₹151 Cr for general corporate purposes.
10. Who are the promoters of Bagmane Prime Office REIT Limited?
The sponsor/promoter group for Bagmane Prime Office REIT is Bagmane Realty and Infrastructure LLP / Bagmane Group, not the retail-company promoter names listed in your earlier draft.
