Published: 30 April 2026 | 6.04 AM
Last Updated: 30 April 2026 | 9.30 AM
IPO Overview / Intro
Bagmane REIT IPO is a mainboard bookbuilding REIT issue of Rs. 3,405.00 Cr. The issue comprises a fresh issue of Rs. 2,390.00 Cr and an offer for sale of Rs. 1,015.00 Cr. The IPO opens on 5 May 2026 and closes on 7 May 2026. The shares are proposed to be listed on BSE and NSE with a tentative listing date of 15 May 2026. The price band is fixed at Rs. 95 to Rs. 100 per unit.
👉 | GMP | Reviews | Subscription | Allotment
Bagmane REIT IPO GMP – Latest Update
| Parameter |
Details |
| GMP Today |
Rs. 0 (Not available yet) |
| Kostak Rate |
Not available |
| Subject to Sauda |
Not available |
| Listing Gain Expectation |
To be updated |
Bagmane REIT IPO Subscription Status – Live Update
| Category |
Subscription |
| QIB |
To be updated |
| NII |
To be updated |
| Retail |
To be updated |
| Total |
To be updated |
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
5 to 7 May 2026 |
| Listing Date |
15 May 2026 |
| Price Band |
Rs. 95 to Rs. 100 |
| Face Value |
Rs. NA |
| Issue Size |
Rs. 3,405 Cr |
| Fresh Issue |
Rs. 2,390 Cr |
| Offer for Sale |
Rs. 1,015 Cr |
| Issue Type |
Bookbuilding REIT |
| Listing At |
BSE, NSE |
IPO Timetable
| Event |
Date |
| IPO Open |
5 May 2026 |
| IPO Close |
7 May 2026 |
| Allotment |
12 May 2026 |
| Refund |
13 May 2026 |
| Shares Credit |
13 May 2026 |
| Listing |
15 May 2026 |
Reservation
| Category |
Reservation |
| Strategic Investors |
100% |
| QIB |
As per REIT norms |
| NII |
As per REIT norms |
| Retail |
As per REIT norms |
Lot Size
| Application |
Lots |
Amount (Rs.) |
| Minimum |
To be announced |
To be announced |
| Maximum |
To be announced |
To be announced |
Company Details
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on owning and managing premium Grade A+ business parks in Bengaluru. The portfolio includes 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 an occupancy of 97.9% as of June 2025.
The REIT has a strong tenant base comprising global companies such as Google, Amazon, Nvidia and other multinational corporations. The business model focuses on long-term leasing, built-to-suit office spaces and expansion within existing parks. The sponsor, Bagmane Group, is a well-established office developer with a strong pipeline across India.
Company Address
| Details |
Information |
| Address |
5th Floor, ‘B’ Block, Laurel Building, C.V. Raman Nagar, Bagmane Tech Park, Bengaluru – 560093 |
| Phone |
+91 80 4032 9901 |
| Email |
reitcompliance@bagmanereit.com |
Lead Manager(s)
| Lead Managers |
| 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. |
Registrar
Financials
| Period |
Assets (Rs. Cr) |
Total Income (Rs. Cr) |
PAT (Rs. Cr) |
| Dec 2025 |
7,674.82 |
1,959.79 |
829.02 |
| Mar 2025 |
7,238.48 |
2,390.88 |
897.10 |
| Mar 2024 |
6,816.04 |
2,237.33 |
809.36 |
Valuation
| Parameter |
Details |
| Price Band |
Rs. 95 – 100 |
| Market Cap |
To be announced |
| Yield |
To be updated |
| NAV |
To be updated |
Chanakya View
Bagmane REIT offers exposure to premium Grade A+ office assets in Bengaluru with a strong tenant base and high occupancy levels. The portfolio quality is robust with long-term leasing contracts and multinational clients, which provides visibility of stable rental income.
However, REIT investments are yield-driven and depend on interest rate cycles and commercial real estate demand. Rising global interest rates and geopolitical tensions may impact sentiment in the short term.
👉 Investors looking for stable income and diversification may consider this REIT for long term, while listing gains visibility remains limited at current GMP trends.
