Bagmane Prime Office REIT IPO Details 2026
All About Bagmane Prime Office REIT
The Bagmane Prime Office REIT size is ₹3,405.00 crore (8,50,00,000 shares), including a fresh issue of ₹2,390.00 crore and an offer for sale of ₹1,015.00 crore. It is a book build issue. The IPO issue opens on May 5, 2026 and closes on May 7, 2026. The share allotment is expected on May 12, 2026, and the listing date is May 15, 2026. Bagmane Prime Office REIT is based in Bengaluru and operates in the commercial office real estate investment trust sector. It filed its DRHP on December 30, 2025 and will list its shares on both the NSE and BSE. Kfin Technologies Ltd. is the registrar, while 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. serves as the merchant banker for the offer.
IPO Highlights
| NSE BSE IPO Features | |
|---|---|
| Total Issue Size | ₹3,405.00 Cr. |
| Fresh Issue | ₹2,390.00 Cr. |
| Offer for Sale | ₹1,015.00 Cr. |
| IPO Price Band | ₹95 to ₹100 |
| Face Value | – per share |
| Lot Size | 1 Unit |
| Listed on | NSE BSE |
Important IPO Dates | |
|---|---|
| DRHP Filed | December 30, 2025 |
| Issue Open | May 5, 2026 |
| Issue Close | May 7, 2026 |
| Allotment Date | May 12, 2026 |
| Refunds Initiation | May 13, 2026 |
| Credit of Shares | May 13, 2026 |
| Listing Date | May 15, 2026 |
IPO Reservation and Lot Size
The company has reserved shares for various investor categories. The Retail Shares reservation is –% (– shares), and QIB has –% (–). Further, the minimum lot size is – shares. The anchor investor reservation is –% (– shares), and the market maker reservation is –% (–).
IPO Issue Structure
QIB | 8,06,84,100 |
| Anchor Investor | – |
| QIB (Ex. Anchor) | – |
NII (HNI) | 6,72,36,900 |
| bNII > ₹10L | – |
| sNII < ₹10L | – |
Retail | – |
Market Maker | – |
Total | – |
The company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.
IPO GMP
The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.
Financial Performance (₹ in Cr)
| Period Ended | – | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31-Mar-2023 |
|---|---|---|---|---|---|
| Total Income | – | 1,959.79 | 2,390.88 | 2,237.33 | – |
| Profit After Tax | – | 829.02 | 897.1 | 809.36 | – |
| EBITDA | – | – | – | – | – |
| Net Worth | – | – | – | – | – |
| Assets | – | 7,674.82 | 7,238.48 | 6,816.04 | – |
| Total Debt | – | – | – | – | – |
| PAT | – | – | – | – | – |
Key Performance Indicator
| Particulars | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| EBITDA Margin (%) | – | – | – | – |
| PAT Margin (%) | – | – | – | – |
| EPS (₹) | – | – | – | – |
| ROE (%) | 13.88 | 56.34 | 65.78 | 58.6 |
| ROCE (%) | – | – | – | – |
| ROA (%) | 3.51 | 12.39 | 11.87 | 12.05 |
| Debt to Equity (x) | 1.93 | 2.36 | 3.15 | 2.67 |
To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus, visit here.
Bagmane Prime Office REIT Review
You must assess the company’s financial position before deciding on investments. You can read our full review articlehere.
Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.
IPO Financial Snapshot
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Bagmane Prime Office REIT Details
Bagmane Prime Office REIT is a commercial office real estate investment trust (REIT) focused on owning and managing premium Grade A+ business parks in Bengaluru, which is a key office market in India. The portfolio is concentrated across important micro-markets in the city. The properties are primarily leased to multinational corporations and global technology companies such as Google, Amazon, and Nvidia. As of June 30, 2025, the portfolio included 6 Grade A+ business parks with a total area of 20.3 million sq. ft. and a high committed occupancy of 97.9%. The REIT also holds under-construction developments, future development projects, hotels, and solar power projects. Bagmane Prime Office REIT is sponsored by the Bagmane Group.
Main Offerings:
Key Strength:
Company Address: 5th Floor, ‘B’ Block, Laurel Building, C.V. Raman Nagar, Bagmane Tech Park, Bengaluru, Karnataka, 560093
You can contact the company via call or email.
+91 80 4032 9901 | reitcompliance@bagmanereit.com
Intermediaries & Key Contacts
Frequently Asked Questions
The Bagmane Prime Office REIT IPO is a main-board book-build issue worth ₹3,405.00 crores. The issue includes a fresh issue of ₹2,390.00 crores and an Offer for Sale of ₹1,015.00 crores. It is an investment trust focused on commercial real estate.
The Bagmane Prime Office REIT IPO opens for public subscription on May 5, 2026 and closes on May 7, 2026.
The price band for the Bagmane Prime Office REIT IPO has been set at ₹95 to ₹100 per share.
The allotment for the Bagmane Prime Office REIT IPO is expected to be finalized on May 12, 2026.
The shares of Bagmane Prime Office REIT will list on the NSE and BSE on May 15, 2026.
Kfin Technologies Ltd. is the official registrar for the Bagmane Prime Office REIT IPO.
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