Bagmane Prime Office REIT is a commercial office real estate investment trust (REIT) focused on owning, operating, and managing premium Grade A+ office business parks in Bengaluru—one of India’s most prominent office markets.
The REIT’s portfolio is strategically concentrated across key micro-markets in Bengaluru, catering primarily to multinational corporations (MNCs) and global technology companies, ensuring strong demand and stable leasing.
As of June 30, 2025, the REIT portfolio includes 6 Grade A+ business parks with a total area of 20.3 million sq. ft., 19.6 million sq. ft. leasable space, and a 97.9% occupancy level.
The portfolio comprises completed and under-construction office assets, future developments, and hotel and solar power assets.
The REIT has a high-quality tenant base, including global giants such as:
- Amazon
- Nvidia
- Other multinational technology and corporate firms
Bagmane REIT follows a long-term leasing strategy focused on strong tenant relationships, built-to-suit solutions, expansion within parks, and maintaining high occupancy with stable rental yields.
Bagmane Prime Office REIT IPO – Details
| IPO Opening Date | 05 May 2026 |
| IPO Closing Date | 07 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 34,05,00,000 Shares Worth ₹3405.00 Crore Fresh Issue: 23,90,00,000 Shares Worth ₹2390.00 Crore Offer For Sale: 10,15,00,000 Shares Worth ₹1015.00 Crore |
| IPO Price | ₹95 – ₹100 per share |
| Market Lot | 150 Shares |
| Min Order | 150 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Bagmane Prime Office REIT IPO – Date Schedule
| IPO Open Date | 05 May 2026 |
| IPO Close Date | 07 May 2026 |
| Basis of Allotment | 12 May 2026 |
| Initiation of Refund | 13 May 2026 |
| Credit of Shares to Demat Account | 13 May 2026 |
| IPO Listing Date | 15 May 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 05, 2026 |
Competitive Strength
- Difficult-to-replicate assets strategically located in the best-performing micro-markets globally in terms of cumulative net absorption in Bengaluru, recording a best-in-class occupancy.
- Strong tenant relationships with a leading share of GCC and multinational tenants across diversified sectors, with a high tenant Retention Rate.
- Located in India, the world’s fastest-growing major economy, with the services sector serving as a pivotal driver.
- Significant share of BTS assets comprising 42.8% of Completed Area (46.1% of Total Completed Development Area) across 21 buildings as of December 31, 2025, creating a stable and resilient Portfolio.
- Premium assets, robust campus-style infrastructure and amenities, supported by integrated asset maintenance services.
- Robust business model with substantial embedded growth opportunities, stable cash flows, a strong development track record, and the highest ROFO acquisition potential.
- Backed by a renowned sponsor in India with deep-rooted market expertise.
- Experienced management team with strong past track record.
- Commitment to sustainability and high corporate governance standards across our operations.
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park. | ₹1,420.00 |
| Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL. | ₹820.00 |
| General purposes. |
Bagmane Prime Office REIT IPO Prospectus
- Bagmane Prime Office REIT IPO DRHP
- Bagmane Prime Office REIT IPO RHP
Company Contact Information
| Bagmane Prime Office REIT 5th Floor, ‘B’ Block, Laurel Building, C.V. Raman Nagar, Bagmane Tech Park, Bengaluru, Karnataka, 560093 Phone: +91 80 4032 9901 Email: reitcompliance@bagmanereit.com Website: https://www.bagmanereit.com/ |
Bagmane Prime Office REIT IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website:Â https://ipostatus.kfintech.com/ |
Bagmane Prime Office REIT IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. HDFC Bank Limited 4. 360 ONE WAM Limited 5. SBI Capital Markets Limited 6. IIFL Capital Services Limited 7. Kotak Mahindra Capital Company Limited |
Bagmane Prime Office REIT IPO FAQs
| What is the Bagmane Prime Office REIT IPO? Bagmane Prime Office REIT IPO is a main-board IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on the BSE and NSE. |
| When will the Bagmane Prime Office REIT IPO open? The IPO is to open on 05 May 2026 for QIB, NII, and Retail Investors. |
| What is Bagmane Prime Office REIT IPO Investors Portion? The investors’ portion for QIB – 75%, and NII – 25%. |
| What is the Bagmane Prime Office REIT IPO Size? Bagmane Prime Office REIT IPO size is ₹3,405.00 Crore. |
| What is the Bagmane Prime Office REIT IPO Allotment Date? Bagmane Prime Office REIT IPO allotment date is 12 May 2026. |
| What is the Bagmane Prime Office REIT IPO Listing Date? Bagmane Prime Office REIT IPO listing date is 15 May 2026. The IPO is to be listed on the BSE and NSE. |
