Bagmane Prime Office REIT came to market through an IPO that opened on 5 May 2026 and closed on 7 May 2026, and the shares listed on 14 May 2026 on BSE, NSE. The price band was ₹95 to ₹100 per share and one lot was 150 shares, so the minimum application was ₹15,000. The issue size was ₹3405 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders. kfintech Technologies Ltd.
Strategic Investor Portion: Up to ₹850 Cr was the registrar to the issue, and JM Financial, Kotak Mahindra Capital, Axis Capital, IIFL Capital, SBI CAPS, 360 One WAM, HDFC Bank were the lead managers.
As of 7 May 2026.
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Bagmane Prime Office is the owner and manager of top-quality Grade A+ office parks situated in Bengaluru, Karnataka. It has six Grade A+ office parks with a total built-up area of 20.3 million square feet (msf), having 19.6 msf of leasable space, with 98.8% committed occupancy as on 31 December 2025. Some of its occupiers include global MNCs like Google, Amazon, and Nvidia.
On June 30, 2025, the REIT had 6 Grade A+ office business parks in its portfolio with a total size of 20.3 million sq. ft. and leasable space of 19.6 million sq. ft., with an occupancy rate of 97.9%. This includes office properties that have been completed, office properties under construction, office properties planned for future development, hotels, and solar power generation plants. The tenants of the REIT include international companies such as Google, Amazon, Nvidia, among others.
The portfolio operates under a lease strategy which emphasizes tenant retention, built-to-suit office space, and expansion within existing business parks. Bagmane Prime Office REIT is backed by the Bagmane Group, which is a Grade A+ office developer and owner in Bengaluru. It has a large project pipeline across many Indian cities.
As described in the offer document.
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₹1,149 crore raised from anchor investors by Bagmane Prime Office REIT. Anchor book was subscribed by institutions like SBI Pension, SBI Life Insurance, White Oak, Quant Mutual Fund, UTI Mutual Fund, Kotak Mutual Fund, Edelweiss Mutual Fund, Tata AIG General Insurance, Kotak Life, and Max Life Insurance, amongst others.
Of the total institutional allocation of ₹2,766 crore, the entire strategic allocation of ₹850 crore has been allocated to institutional marquee investors like UTI Mutual Fund, Jhunjhunwala Discretionary Trust, Axis Max Life, ICICI Prudential Pension, 360One, Star Health and Allied Insurance, and Kotak Life.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Bagmane Prime Office REIT was a ₹3,405 crore book-built issue, comprising a fresh issue of ₹2,390 crore and an offer for sale of ₹1,015 crore. It was priced at ₹95–₹100 per share with a lot size of 150 shares (₹15,000). The IPO was open from May 5 to May 7, 2026 and was subscribed 24.96x. Shares listed on BSE and NSE on May 14, 2026 at ₹103.50, a 3.5% premium to the issue price of ₹100. kfintech Technologies Ltd.
is the registrar. JM Financial Ltd. and 6 other book running lead managers manage the issue.
The price band of Bagmane Prime Office REIT is ₹95 to ₹100 per share.
The lot size of Bagmane Prime Office REIT is 150 shares.
The minimum investment for Bagmane Prime Office REIT is approximately ₹15,000 based on the upper price band.
The allotment date of Bagmane Prime Office REIT is May 12, 2026.
No GMP quote could be verified as recorded before Bagmane Prime Office REIT listed. A grey-market observation of ₹4 per share was recorded on 14 May 2026, 8:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹103.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
Bagmane Prime Office REIT listed on May 14, 2026. It was issued at ₹103.5(NSE) and is currently around ₹105.46 as on 2-Nov-2026 3:30 PM, which is approximately 5.5% versus issue price. The 52-week high is ₹112.00.
You can check Bagmane Prime Office REIT allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Bagmane Prime Office REIT allotment status on Rupix for quick and easy access.
₹95 to ₹100 per share. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 150 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 150 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 May 2026 and closed on 7 May 2026.
The basis of allotment was published on 12 May 2026 by kfintech Technologies Ltd. Strategic Investor Portion: Up to ₹850 Cr, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 May 2026 on BSE, NSE.
The issue size was ₹3405 crore. The fresh issue was 23,90,00,000 shares (aggregating up to ₹2390 crore). The offer for sale was 10,15,00,000 shares (aggregating up to ₹1015 crore).