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.
Listed
Mainboard IPO
BAGMANE
Bagmane Prime Office REIT IPO GMP & Allotment
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.
- IPO Price Band
- ₹95.00 - ₹100.00
- Lot Size
- 150 Shares
- Bidding Closes
- 07 May 2026
- Listing Date
- 14 May 2026
Quick Answer & Highlights
Bagmane Prime Office REIT IPO GMP Today & Key Takeaways
Last updated: 07 May 2026
Bagmane Prime Office REIT IPO officially listed on 14 May 2026 at Rs 103.50, delivering a +3.50% listing gain compared to its issue price of Rs 100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.5.
Bagmane Prime Office REIT IPO officially listed on 14 May 2026 at ₹103.50, delivering a +3.50% listing gain compared to its issue price of ₹100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.5.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹3.5 | +3.5% vs upper band (07 May 2026) |
| Est. Listing Price | ₹103.50 | +3.50% Est. Listing Gain |
| Price Band | ₹95.00 - ₹100.00 | Mainboard IPO |
| Retail Minimum Investment | ₹15,000 | 1 Lot (150 Shares) |
| Bidding Window | 05 May 2026 – 07 May 2026 | Listed |
| Allotment & Listing Dates | Allotment: TBA | Listing: 14 May 2026 |
Current GMP Status
₹3.5
+3.5% vs upper band
Est. Listing Gain
+3.50%
Last Trend
07 May 2026
Listing Price
₹103.50
Retail Entry
₹15,000
IPO Details
Complete IPO information
| IPO Open Date | 05 May 2026 |
|---|---|
| IPO Close Date | 07 May 2026 |
| IPO Price Band | ₹95.00 - ₹100.00 |
| Lot Size | 150 Shares |
| Current GMP | ₹3.5 |
| Estimated Listing Gain | +3.50% |
| Issue Size | Approx ₹3,405 Cr |
| Fresh Issue | Approx ₹2,390 Crores, 23,90,00,000 Equity Shares |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 3.25x |
| Minimum Investment | ₹15,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
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
✓
Bidding Opens
05 May 2026
✓
Bidding Closes
07 May 2026
✓
Allotment
TBA
✓
Listing
14 May 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 05 May 2026 | Completed |
| Bidding Closes | 07 May 2026 | Completed |
| Allotment | TBA | Completed |
| Listing | 14 May 2026 | Completed |
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% |
Swipe to see more →
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 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
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
| Particular | Dates |
|---|---|
| IPO Open Date | 05 May 2026 |
| IPO Close Date | 07 May 2026 |
| Basis of Allotment | 12 May 2026 |
| Refunds | 13 May 2026 |
| Credit to Demat Account | 13 May 2026 |
| IPO Listing Date | 15 May 2026 |
Note: The timeline for Bagmane Prime Office REIT IPO is tentative and subject to change.
Analysis
Bagmane Prime Office REIT IPO Promoters & Holding Pattern
| Details |
|---|
| To be updated soon |
Analysis
Bagmane Prime Office REIT Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park | ₹1,77,50,00,000.00 |
| Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL | ₹1,02,50,00,000.00 |
| General purposes | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of Bagmane Prime Office REIT.
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 Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for Bagmane Prime Office REIT are in ₹ Crores unless stated otherwise.
Analysis
Bagmane Prime Office REIT Company Valuation – FY2026
To Be Updated Soon
Analysis
Bagmane Prime Office REIT IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for Bagmane Prime Office REIT are sourced from DRHP filings.
Comparison
Compare Bagmane Prime Office REIT IPO with similar IPOs
FAQ
Bagmane Prime Office REIT IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 3.5 and an issue price of Rs 100, the estimated listing price for Bagmane Prime Office REIT IPO is Rs 103.50 (approx 3.50% listing gain). Actual listing price is determined by market demand on the listing day.
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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