GMP IPO Watch
Bagmane Prime Office REIT IPO: Own a Piece of Bengaluru’s Tech Skyline—Passive Income or Growth Play?
The Bagmane Prime Office REIT launches its mega public issue in May 2026. Managed by one o...
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B
Mainboard IPO
LISTED
NSE, BSE
BAGMANE
Bagmane Prime Office REIT IPO
Bagmane Prime Office REIT IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹3.5
+3.5%
Est. Listing: ₹103.50
Price Band
₹95 - ₹100
Per equity share
Lot Size
150 Shares
Min Invest: ₹15,000
Issue Size
₹3,405 Cr
Fresh: Approx ₹2,390 Crores, 23,90,00,000 Equity Shares
Issue Dates
4 May 2026 – 6 May 2026
Bidding period
Subscription
3.25x
Total overall demand
Bagmane Prime Office REIT IPO Details
Key facts at a glance| IPO Open Date | 4 May 2026 | IPO Close Date | 6 May 2026 |
|---|---|---|---|
| Basis of Allotment | 12 May 2026 | Listing Date | 13 May 2026 |
| Price Band | ₹95 - ₹100 per share | Face Value | ₹10 per share |
| Market Lot Size | 150 Shares | Min Investment (Retail) | ₹15,000 |
| Total Issue Size | ₹3,405 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | Approx ₹2,390 Crores, 23,90,00,000 Equity Shares | Offer for Sale (OFS) | ₹1,015 Cr |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Bagmane Prime Office REIT IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 4 May 2026 | Confirmed |
| IPO Close Date | 6 May 2026 | Confirmed |
| Basis of Allotment | 12 May 2026 | Tentative |
| Initiation of Refunds | 13 May 2026 | Tentative |
| Credit of Shares to Demat | 13 May 2026 | Tentative |
| IPO Listing Date | 13 May 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Bagmane Prime Office REIT IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 150 Shares | ₹15,000 |
| Retail (Max) | 13 Lots | 1,950 Shares | ₹1,95,000 |
| S-HNI (Min) | 14 Lots | 2,100 Shares | ₹2,10,000 |
| S-HNI (Max) | 66 Lots | 9,900 Shares | ₹9,90,000 |
| B-HNI (Min) | 67 Lots | 10,050 Shares | ₹10,05,000 |
Bagmane Prime Office REIT IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹3.5 +3.5%
Estimated Listing Price
₹103.50
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 7 May 2026 | ₹4.4 | ₹104.40 | +4.40% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Bagmane Prime Office REIT IPO Subscription Status
Demand breakdown by investor category
Retail
5.94x
QIB
0.94x
NII / HNI
—
Total
3.25x
Bagmane Prime Office REIT Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | — | ₹184.81 | ₹154.97 | — |
| 2024 | — | ₹206.45 | ₹175.85 | — |
| 2025 | — | ₹322.58 | ₹261.43 | — |
| Dec 2025 | — | ₹236.50 | ₹186.96 | — |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Bagmane Prime Office REIT Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total 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 | — | — | — |
About Bagmane Prime Office REIT
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.
Bagmane Prime Office REIT IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 11,49,74,850 Shares | — |
| QIB (Ex. Anchor) | — | 75% |
| NII | — | 25% |
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 |
Bagmane Prime Office REIT IPO Important 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.
Bagmane Prime Office REIT IPO Promoters & Holding Pattern
| Details |
|---|
| To be updated soon |
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.
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.
Bagmane Prime Office REIT Company Financial Report
| 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.
Bagmane Prime Office REIT Company Valuation & Key Performance Indicators
To Be Updated Soon
Bagmane Prime Office REIT 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.
Bagmane Prime Office REIT IPO FAQs
Bagmane Prime Office REIT IPO opens for subscription on 4 May 2026 and closes on 6 May 2026.
The price band for Bagmane Prime Office REIT IPO is set at ₹95.00 to ₹100.00 per share.
The minimum market lot size is 150 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 150 Shares (₹15,000).
The latest Grey Market Premium (GMP) for Bagmane Prime Office REIT IPO is ₹3.50. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Bagmane Prime Office REIT IPO is tentatively scheduled for 12 May 2026, and shares are expected to list on the stock exchanges on 13 May 2026.
The registrar details will be confirmed in the official prospectus.
Bagmane Prime Office REIT IPO Analysis & Articles