Bagmane Prime IPO
Get the latest Bagmane REIT IPO details, including issue size, price band, lot size, IPO dates, financial performance, portfolio overview, subscription status, GMP updates, allotment, listing information, and expert investment analysis.
Bagmane Prime IPO Details
Bagmane REIT bidding started from May 5, 2026 and ended on May 7, 2026. The allotment for Bagmane REIT was finalized on May 12, 2026. The shares got listed on NSE and BSE on May 14, 2026.
Bagmane Prime IPO Timeline (Tentative)
The IPO timeline outlines the important events associated with the Bagmane REIT public issue, including the opening and closing of the offer, basis of allotment, refund process, credit of units, and listing schedule. The complete timeline will be announced once the final Offer Document is filed.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, May 5, 2026 |
| IPO Close Date | Thu, May 7, 2026 |
| Basis of Allotment | Tue, May 12, 2026 |
| Initiation of Refunds | Wed, May 13, 2026 |
| Credit of Shares to Demat | Wed, May 13, 2026 |
| Listing Date | Fri, May 15, 2026 |
| IPO Opens | May 5, 2026 |
| IPO Closes | May 7, 2026 |
| Basis of Allotment | May 12, 2026 |
| Refund Initiation | May 13, 2026 |
| Units Credited to Demat | May 13, 2026 |
| Listing Date | May 15, 2026 |
Bagmane Prime IPO Lot Size
The minimum application size for the Bagmane REIT IPO will be announced along with the price band before the offer opens. Investors should review the final Offer Document to determine the applicable bid lot and minimum investment amount.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | To be Updated | To be Updated | To be Updated |
| Retail (Maximum) | To be Updated | To be Updated | To be Updated |
About Bagmane Prime
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on owning and managing premium Grade A+ business parks in Bengaluru, one of India’s leading office markets. The portfolio is concentrated across key micro-markets in the city and is primarily leased to multinational corporations and global technology companies.
As of June 30, 2025, the portfolio comprised 6 Grade A+ business parks with a total area of 20.3 million sq. ft. and leasable area of 19.6 million sq. ft., with a committed occupancy of 97.9%. The portfolio includes completed office assets, under-construction developments, future development projects, hotels, and solar power projects.
The REIT’s tenant base includes global companies such as Google, Amazon, Nvidia, and other multinational corporations operating across technology and related sectors. The portfolio follows a leasing strategy focused on long-term tenant relationships, built-to-suit office solutions, and expansion opportunities within existing business parks.
Bagmane Prime Office REIT is sponsored by the Bagmane Group, a Bengaluru-based Grade A+ office developer and owner with a significant development pipeline across multiple cities in India.
Strengths
- Portfolio of premium Grade A commercial office assets located in Bengaluru.
- Well-diversified portfolio comprising business parks, office buildings, hotel assets, and solar parks.
- Long-term rental income supported by established corporate tenants.
- Experienced sponsor with a strong track record in commercial real estate development.
- High-quality office assets located in one of India's largest technology and business hubs.
- Potential for stable cash distributions through income-generating real estate assets.
- Professionally managed REIT structure designed for long-term value creation.
Risks to Consider
- Rental income depends on occupancy levels and lease renewals.
- Economic slowdowns may affect office leasing demand and rental growth.
- Interest rate fluctuations could influence REIT valuations and borrowing costs.
- The portfolio is concentrated primarily in Bengaluru, increasing geographic concentration risk.
- Real estate regulations, taxation changes, or policy developments may affect operations.
- Tenant defaults or reduced occupancy could impact distributable cash flows.
- Investors should carefully review all risk factors disclosed in the Draft Offer Document before investing.
KPIs & Valuation
The following key financial and valuation metrics provide an overview of Bagmane REIT's profitability, operational efficiency, leverage, and overall financial strength. These indicators enable investors to better assess the REIT before making an investment decision.
Objects of the Issue
The Offer consists of a Fresh Issue and an Offer for Sale. According to the Draft Offer Document, the proceeds from the Fresh Issue are intended to strengthen the REIT's capital structure and support its investment objectives, while the proceeds from the Offer for Sale will be received by the Selling Unitholder.
- Funding acquisitions and investments permitted under the REIT Regulations.
- Providing shareholder debt and capital support to the HoldCo and SPVs for permitted purposes, including acquisitions.
- General corporate and other permitted purposes in accordance with the REIT Regulations.
- The proceeds from the Offer for Sale will be received by the Selling Unitholder after deducting the applicable offer-related expenses and taxes.
Promoters, Lead Managers & Registrar
The Sponsor, Manager, Book Running Lead Managers (BRLMs), Trustee, and Registrar play a crucial role in the successful launch and management of the Bagmane REIT. The Sponsor has established the REIT, the Manager is responsible for managing the portfolio and day-to-day operations, the BRLMs oversee the public offer process, and the Registrar manages applications, allotment, refunds, and unit credits to investors.
Promoters
Lead Managers (BRLM)
Bagmane Prime IPO Review
Bagmane REIT offers investors an opportunity to participate in a portfolio of high-quality Grade A commercial office assets located primarily in Bengaluru, one of India's largest office real estate markets. The portfolio is supported by established business parks, diversified commercial assets, and professional management under the REIT framework.
The REIT's focus on income-generating properties, regular distributions, and institutional-quality assets may appeal to investors seeking long-term exposure to commercial real estate. However, investors should carefully evaluate factors such as occupancy levels, lease renewals, tenant concentration, geographic exposure, interest rate movements, and the risk factors disclosed in the Draft Offer Document before making an investment decision.
How to Apply
You can apply for the Bagmane REIT public offer through any of the following methods:
- Log in to your internet banking account and submit your application using the ASBA (Application Supported by Blocked Amount) facility provided by your Self-Certified Syndicate Bank (SCSB).
- Eligible investors may also apply through a SEBI-registered stockbroker by completing the online application process available on the broker's platform.
- Enter the required bid details, including the bid price, bid quantity, and investor information as specified in the Offer Document.
- Authorize the fund blocking request through ASBA or approve the UPI mandate, wherever applicable, before the prescribed deadline.
- Submit the application within the offer period and retain the application number or acknowledgment for future reference.
- After the basis of allotment is finalized, successful applicants will receive the allotted REIT units in their demat accounts, while the blocked funds for unsuccessful or partially successful applicants will be released in accordance with the applicable process and regulatory requirements.
Last updated Aug 4, 2026.