Bagmane Prime Office REIT IPO
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Bagmane Prime Office REIT IPO details
Schedule of Bagmane Prime Office REIT
| Issue open date | 05 May 2026 |
| Issue close date | 07 May 2026 |
| UPI mandate deadline | 07 May 2026 (5 PM) |
| Allotment finalization | 12 May 2026 |
| Refund initiation | 13 May 2026 |
| Share credit | 13 May 2026 |
| Listing date | 15 May 2026 |
| Mandate end date | 22 May 2026 |
| Lock-in end date for anchor investors (50%) | 06 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 05 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Bagmane Prime Office REIT
Bagmane Prime Office REIT is a real estate investment trust established to own and manage a portfolio of income-generating commercial office assets in India. The REIT’s portfolio comprises large business parks and office properties, including assets such as Bagmane Tech Park, Bagmane World Technology Centre, and other business parks, primarily located in Bengaluru. These properties are leased to tenants, and the REIT generates revenue mainly through rental income, including base rentals and related charges from office spaces and associated facilities. The portfolio also includes certain under-construction and future development assets, along with supporting infrastructure such as solar assets. The REIT operates through a structure involving a holding company and special purpose vehicles that own the underlying properties. Its business model focuses on acquiring, owning, and leasing high-quality office spaces to generate stable cash flows and distribute income to unitholders.
Financials of Bagmane Prime Office REIT
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 3405 |
| Fresh Issue – Proceeds go to the company | 2390 |
| Offer for sale – Proceeds go to the existing investors | 1015 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Acquisition of Luxor @ Bagmane Capital Tech Park | 1420 (59.41%) |
| Funding acquisition of 93% stake in BRPL |
820 (34.31%) |
| General corporate purposes | 150 (6.28%) |
Strengths
- High occupancy of around 98.8% indicates strong demand for its office assets.
- Portfolio includes premium Grade A+ office parks with strong infrastructure and connectivity.
- Long-term leases (typically 5–15 years) provide stable and predictable rental income.
- Assets are located in key Bengaluru micro-markets with high entry barriers for new developments.
- Tenant base includes global and Fortune 500 companies across multiple industries.
Risks
- Business depends heavily on a few large tenants for rental income.
- Loss or non-renewal of major leases can significantly impact revenue.
- Portfolio is concentrated in Bengaluru, exposing it to regional market risks.
- Limited operating history may affect the ability to generate stable cash flows.
- Regulatory approvals or compliance issues could impact operations and profitability.
Allotment Status for Bagmane Prime Office REIT
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Bagmane Prime Office REIT
As per media reports (Link), the Grey Market Premium (GMP) of Bagmane Prime Office REIT is reported at ₹4.5 over the IPO price. This metric is unreliable; to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on May 07, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 806.84 | 11074.81 | 13.73x |
| Other Investors | 672.37 | 12734.84 | 18.94x |
| Total | 1479.21 | 23809.65 | 16.10x |