Listed Mainboard IPO BAGMANE

Bagmane Prime Office REIT IPO GMP, Subscription & Allotment Status Today

Bagmane Prime Office REIT is a real estate investment trust focused on owning and managing premium commercial office properties in India. The REIT primarily operates high-quality office spaces leased to multinational corporations, technology companies, and leading enterprises, generating stable rental income through long-term lease agreements. Its portfolio includes strategically located business parks and office assets in major commercial hubs, benefiting from strong demand for Grade-A office spaces. REIT structures provide investors with an opportunity to participate in commercial real estate while earning regular income distributions. The IPO aims to raise funds for asset acquisition, debt reduction, and portfolio expansion, strengthening the REIT’s position in India’s growing commercial real estate sector.

Price Band
₹95.00 - ₹100.00
Lot Size
150 Shares
Bidding Closes
07 May 2026
Listing Date
14 May 2026
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Is this GMP accurate?
IPO Details

Complete IPO information

Current GMP ₹3.5
Estimated Listing Gain +3.50%
Price Band ₹95.00 - ₹100.00
Issue Price Approx ₹100.00 Crores
Listing Price ₹103.50
Lot Size 150 Shares
Issue Type Mainboard
Registrar TBA
Exchange NSE, BSE
Retail Quota TBA
Overall Subscription 3.25x
Listing Date 14 May 2026
Minimum Investment ₹15,000
Head-to-head

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Analysis

IPO Snapshot & Investor Takeaways

At the upper end of its price band, Bagmane Prime Office REIT is priced at ₹100 per share. With a minimum lot size of 150 shares, a retail investor applying for one lot would need approximately ₹15,000 to participate in this Mainboard issue.

The latest recorded Grey Market Premium for Bagmane Prime Office REIT stands at ₹3.5, implying an estimated listing gain of around 3.50% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.

As of the latest update, Bagmane Prime Office REIT's IPO was subscribed 3.25x overall, with a category-wise breakdown of Retail 5.94x, QIB 0.94x.

Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.

Timeline

IPO roadmap at a glance

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Bidding Opens 05 May 2026
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Bidding Closes 07 May 2026
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Allotment TBA
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Listing 14 May 2026
Grey Market Premium

Daily GMP status

Trend chart builds up as more daily GMP snapshots are recorded.

Date GMP Change Gain
07 May 2026 ₹4.40 - 4.40%
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Market Lot

Application size breakdown

Category Lots Shares Amount
Retail Minimum 1 Lot 150 ₹15,000
Retail Maximum 13 Lot 1,950 ₹1,95,000
S-HNI Minimum 14 Lot 2,100 ₹2,10,000
S-HNI Maximum 66 Lot 9,900 ₹9,90,000
B-HNI Minimum 67 Lot 10,050 ₹10,05,000
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Fund Utilization

Objects of the Issue & Official Documents

Analysis

Bagmane REIT IPO Details

IPO Open Date May 5, 2026
IPO Close Date May 7, 2026
Face Value ₹ — Per Unit
IPO Price Band ₹95 to ₹100 Per Unit
Issue Size Approx ₹3,405 Crores (34,05,00,000 Units)
Fresh Issue Approx ₹2,390 Crores (23,90,00,000 Units)
Offer for Sale Approx ₹1,015 Crores (10,15,00,000 Units)
Issue Type Book Building Issue
IPO Listing BSE, NSE
Analysis

Bagmane REIT IPO Reservation

Investor Category Shares Offered Shares (%)
Anchor Investor 11,49,74,850 Shares —
QIB (Ex. Anchor) — 75%
NII — 25%
Analysis

Bagmane Prime Office REIT IPO Anchor Investors

Anchor Bidding Date May 4, 2026
Shares Offered 11,49,74,850 Shares
Anchor Size ₹1149.75 Cr.
Lock-in Period (50% Shares - 30 Days) June 7, 2026
Lock-in Period (50% Shares - 90 Days) August 6, 2026
Analysis

Bagmane Prime Office REIT IPO Dates

IPO Open Date May 5, 2026
IPO Close Date May 7, 2026
Basis of Allotment May 8, 2026
Refunds May 11, 2026
Credit to Demat Account May 11, 2026
IPO Listing Date May 12, 2026
Bidding Cut-off Time May 7, 2026 – 5 PM
Analysis

Bagmane Prime Office REIT IPO Promoters & Holding Pattern

Details
To be updated soon
Analysis

Bagmane Prime Office REIT IPO – Objects of the Issue

Purpose Amount (₹)
Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park 1,77,50,00,000
Part Funding of Acquisition of 93% Stake in BRPL 1,02,50,00,000
General Corporate Purpose —
Analysis

About Bagmane Prime Office REIT IPO

Bagmane Prime Office REIT is one of the growing Commercial real estate investment trusts, with 30 years of experience in managing and developing large-format Grade A office assets. This Bengaluru-based company owns and manages large Grade A commercial buildings, located mainly in important areas of the city, and earns money by renting out to big international companies. 
 

Bagmane Prime Office REIT has a total leasable area of 19.6 million sq. ft. across 6 business parks, with 98.8% committed occupancy and over 60 tenants. The company manages various types of properties, such as under-construction developments, future development projects, hotels, and solar power projects. So far, its properties are leased to big global companies like Google, Amazon, Nvidia, and other multinational companies.

Analysis

Bagmane Prime Office REIT IPO Company Financial Report

Period Ended Revenue (₹ Cr.) Expense (₹ Cr.) PAT (₹ Cr.) Assets (₹ Cr.)
2023 2002.52 859.78 758.70 6296.89
2024 2237.33 1011.80 809.36 6816.04
2025 2390.88 1047.06 897.10 7238.48
Dec 2025 1959.79 717.21 829.02 7674.82
Analysis

Bagmane Prime Office REIT IPO Peer Group Comparison

Company NAV (₹)
Embassy Office Parks REIT 445.91
Mindspace Business Parks REIT 484.90
Brookfield India Real Estate Trust 355.00
Knowledge Realty Trust 118.00
Analysis

IPO Lead Managers aka Merchant Bankers

  • 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.
FAQ

Bagmane Prime Office REIT IPO FAQs

Bagmane Prime Office REIT IPO GMP today is Rs 3.5. Investors can use this GMP along with price band and subscription status for a better IPO review.
Bagmane Prime Office REIT IPO price band is Rs 95.00 to Rs 100.00. Check the latest issue price, lot size and GMP together before applying.
Bagmane Prime Office REIT IPO open date is 05 May 2026, close date is 07 May 2026, and listing date is 14 May 2026.
Bagmane Prime Office REIT IPO lot size is 150 shares. The minimum retail investment is Rs 15,000.
Bagmane Prime Office REIT is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Bagmane Prime Office REIT IPO subscription status currently shows Retail 5.94x, QIB 0.94x, Overall 3.25x.
Bagmane Prime Office REIT is a real estate investment trust focused on owning and managing premium commercial office properties in India. The REIT primarily operates high-quality office spaces leased to multinational corporations, technology companies, and leading enterprises, generating stable rental income through long-term lease agreements. Its portfolio includes strategically located business parks and office assets in major commercial hubs, benefiting from strong demand for Grade-A office spaces. REIT structures provide investors with an opportunity to participate in commercial real estate while earning regular income distributions. The IPO aims to raise funds for asset acquisition, debt reduction, and portfolio expansion, strengthening the REIT’s position in India’s growing commercial real estate sector.
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