Bagmane Prime Office Reit IPO
Bagmane Prime Office Reit Limited
Minimum investment
Bagmane Prime Office Reit IPO Details
Bidding date
05 May - 07 May 2026
Price range
₹95 - ₹100
Minimum quantity
150
Minimum investment
₹14,250
Issue size
₹3,405 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Bagmane Prime Office Reit IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹3,405 Crore
Fresh Issue: 70% (₹2,390 Cr)
OFS: 30% (₹1,015 Cr)
Fresh Issue – ₹2,390 Crore
Offer for Sale – ₹1,015 Crore
- Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park - ₹1,420 Cr
- Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL - ₹820 Cr
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Sponsor & Sponsor Group Lock-in | 3 years from date of listing |
Pre-Offer Unitholders Lock-in | 1 year from date of listing |
Anchor Investors Lock-in (50% Units) | 90 days from date of listing |
Anchor Investors Lock-in (Remaining 50%) | 30 days from date of listing |
Strategic Investors Lock-in | As per SEBI REIT Regulations / agreement terms |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Bagmane Prime Office Reit IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 25.25x |
Retail Individual Investor | - |
Non-Institutional Investor | 21.87x |
Others | - |
Total | 23.71x |
About Bagmane Prime Office Reit IPO: Company Overview
Bagmane Prime Office REIT is a commercial real estate investment trust focused on owning, operating, and managing premium Grade A+ office business parks in Bengaluru, one of India’s most prominent office real estate markets. The REIT’s portfolio is strategically located 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 comprises six Grade A+ business parks with a total area of 20.3 million sq. ft. and a leasable area of 19.6 million sq. ft., supported by a strong committed occupancy of 97.9%. The portfolio includes completed office assets, under-construction developments, future expansion projects, as well as hotels and solar power assets. The tenant base includes leading global companies such as Google, Amazon, and Nvidia, ensuring stable and long-term rental income. The REIT is sponsored by the Bagmane Group, a Bengaluru-based developer with a strong track record in premium office real estate and a significant development pipeline across India.
Strengths & Risks of Bagmane Prime Office Reit IPO
High-Quality Asset Portfolio: Bagmane Prime Office REIT owns premium Grade A+ office assets located in prime business districts, which support strong leasing demand and premium rentals.
Strong Financial Performance: Bagmane Prime Office REIT has demonstrated consistent earnings with a profit after tax of Rs. 829.02 crore as of December 2025, indicating stable income generation.
High Occupancy Levels: Bagmane Prime Office REIT maintains a strong committed occupancy of 97.9%, ensuring predictable and stable rental income.
Blue-Chip Tenant Base: Bagmane Prime Office REIT has a diversified tenant base including global corporations like Google, Amazon, and Nvidia, reducing tenant-related risks.
Scalable Growth Opportunities: Bagmane Prime Office REIT has under-construction and future development assets that can drive long-term growth and increase rental income over time.
Geographical Concentration Risk: Bagmane Prime Office REIT is heavily concentrated in Bengaluru, which exposes it to location-specific risks.
Tenant Concentration Risk: Bagmane Prime Office REIT depends on large multinational tenants, and any major tenant exit or downsizing could impact revenue.
Cyclicality of Real Estate Market: Bagmane Prime Office REIT is exposed to fluctuations in the commercial real estate market, which may impact occupancy and rental growth.
Interest Rate Sensitivity: Bagmane Prime Office REIT returns may be affected by rising interest rates, as they can influence investor preference and valuations.
Execution Risk in Development Projects: Bagmane Prime Office REIT may face risks related to delays or cost overruns in its under-construction and future projects, which could impact growth prospects.
Bagmane Prime Office Reit Financials: Revenue, Profit & EBITDA
1 Cr.
Dec'25
829.02 Cr.
Dec'25
How to Apply for Bagmane Prime Office Reit IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Bagmane Prime Office Reit IPO Market Sentiment: See How Many Are Interested
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