Bookbuilding REIT | ₹3,405 Cr | Listed at BSE, NSE | Tue, May 5, 2026 - Thu, May 7, 2026
Bagmane REIT is a book build issue of ₹3,405.00 crores. The issue is a combination of fresh issue of 23.90 crore shares aggregating to ₹2,390.00 crores and offer for sale of 10.15 crore shares aggregating to ₹1,015.00 crores.
Bagmane REIT bidding started from May 5, 2026 and ended on May 7, 2026. The allotment for Bagmane REIT was finalized on May 12, 2026. The shares got listed on NSE and BSE on May 14, 2026.
Bagmane REIT is set final offered price at ₹100 per share.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bagmane REIT RHP for detailed Information.
IPO Open
Tue, May 5, 2026
IPO Close
Thu, May 7, 2026
Final Issue Price
₹100.00 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 5 to 7 May, 2026 |
| Listed on | Thu, May 14, 2026 |
| Price Band | ₹95.00 to ₹100.00 |
| Final Issue Price | ₹100.00 per share |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding REIT |
| Listing At | BSE, NSE |
| Total Issue Size | 34,05,00,000 shares (agg. up to ₹3,405 Cr) |
| Fresh Issue | 23,90,00,000 shares (agg. up to ₹2,390 Cr) |
| Offer for Sale | 10,15,00,000 shares of ₹[.] (agg. up to ₹1,015 Cr) |
| Share Holding Pre Issue | 3,16,10,00,000 shares |
| Share Holding Post Issue | 3,40,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544758 / BAGMANE |
| ISIN | INE2OVN25015 |
Bagmane REIT comprises a total issue size of 34,05,00,000 shares. Out of which, 19,16,25,000 (75.00%) are allocated to QIB, 6,38,75,000 (25.00%) allocated to NII .
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 19,16,25,000 |
| − Anchor Investor Shares Offered | 11,49,74,850 |
| − QIB (Ex. Anchor) Shares Offered | 7,66,50,150 |
| NII (HNI) Shares Offered | 6,38,75,000 |
| Strategic Investor Shares Offered | 8,50,00,000 |
| Total Shares Offered | 34,05,00,000 |
Bagmane REIT raises ₹1,149.75 crore from anchor investors. Bagmane REIT Anchor bid date is May 4, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 4, 2026 |
| Shares Offered | 11,49,74,850 |
| Anchor Portion (₹ Cr.) | 1,149.75 |
| Anchor lock-in period end date | Wed, Jun 10, 2026 |
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on owning and managing premium Grade A+ business parks in Bengaluru, one of India’s leading office markets. The portfolio is concentrated 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 comprised 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 a committed occupancy of 97.9%. The portfolio includes completed office assets, under-construction developments, future development projects, hotels, and solar power projects.
The REIT’s tenant base includes global companies such as Google, Amazon, Nvidia, and other multinational corporations operating across technology and related sectors. The portfolio follows a leasing strategy focused on long-term tenant relationships, built-to-suit office solutions, and expansion opportunities within existing business parks.
Bagmane Prime Office REIT is sponsored by the Bagmane Group, a Bengaluru-based Grade A+ office developer and owner with a significant development pipeline across multiple cities in India.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 7,674.82 | 7,238.48 | 6,816.04 | 6,296.89 |
| Total Income | 1,959.79 | 2,390.88 | 2,237.33 | 2,002.52 |
| Profit After Tax | 829.02 | 897.10 | 809.36 | 758.70 |
| Reserves and Surplus | 2,677.35 | 1,579.71 | 1,224.27 | 1,288.74 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park | 1,420.00 |
| 2 | Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL | 820.00 |
| 3 | General purposes | 71.70 |
| Total | 2,311.70 |
The Bagmane REIT is subscribed 24.96 times on May 7, 2026 5:06:42 PM (Day 3). The public issue subscribed [.] times in the retail category, 26.58 times in the QIB category, and 22.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 26.58 | 7,66,49,895 | 2,03,72,28,750 |
| NII | 22.82 | 6,38,75,055 | 1,45,74,93,450 |
| Total | 24.96 | 14,05,24,950 | 3,50,77,38,150 |
Total Applications: 2,01,146
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commission to advisors to this Offer | 62.60 |
| 2 | Fee payable to others | 37.50 |
| Total | 100.10 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹103.40 |
| Low | ₹102.88 |
| High | ₹104.48 |
| Last Trade | ₹103.66 |
Lead Manager Reports
Bagmane REIT is a main-board REIT of 34,05,00,000 equity shares of the face value of ₹[.] aggregating up to ₹3,405 Crores. The issue is priced at ₹100.00 per share. The minimum order quantity is .
The REIT opens on Tue, May 5, 2026, and closes on Thu, May 7, 2026.
Kfin Technologies Ltd. is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bagmane REIT using UPI as a payment gateway. Zerodha customers can apply in Bagmane REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bagmane REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bagmane REIT opens on Tue, May 5, 2026 and closes on Thu, May 7, 2026.
Bagmane REIT lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bagmane REIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bagmane REIT will be done on Tuesday, May 12, 2026, and the allotted shares will be credited to your demat account by Wed, May 13, 2026. Check the Bagmane REIT allotment status.
The Bagmane REIT listing date is on Fri, May 15, 2026.
