Bagmane REIT IPO 2026 – Company Overview, Assets & Highlights
Latest Grey Market Premium & IPO Details
Bagmane REIT IPO 2026 – Key Info & Highlights
Bagmane Prime Office REIT IPO 2026 represents a portfolio of Grade A+ office parks in Bengaluru, leased to leading global corporations. The REIT focuses on stable cash flows, long-term leases, and institutional real estate growth.
📌 IPO Details
| Company Name | Bagmane REIT IPO |
|---|---|
| IPO Open Date | 05-05-2026 |
| IPO Close Date | 07-05-2026 |
| Allotment Date | 12-05-2026 |
| Refund Date | 13-05-2026 |
| Share Credit Date | 13-05-2026 |
| Listing Date | 15-05-2026 |
| Price Band | ₹95 - ₹100 |
| Net Issue Size | ₹3405.00 Cr |
| Fresh Issue | ₹2390.00 Cr |
| OFS | ₹1015.00 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | - |
| QIB (Qualified Institutional Buyers) | - |
| HNI (High Net Worth Individuals) | - |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 14-05-2026 | ₹5.00 | - | ₹105.00 | ₹0.00 | 14-05-2026 14:00 |
| 13-05-2026 | ₹5.00 | - | ₹105.00 | ₹0.00 | 13-05-2026 23:00 |
| 12-05-2026 | ₹5.00 | - | ₹105.00 | ₹0.00 | 12-05-2026 23:00 |
📝 About Bagmane REIT
Bagmane Prime Office REIT is a commercial real estate investment trust focused on owning and operating high-quality Grade A+ office parks in Bengaluru, one of India’s leading and most dynamic office and IT hubs. The REIT is designed to provide exposure to institutional-grade office assets located in strategically important micro-markets across the city.
Its portfolio comprises six Grade A+ business parks with a total development footprint of approximately 20.3 million sq. ft., including around 19.6 million sq. ft. of leasable area. The assets are characterized by modern infrastructure, large-scale integrated campuses, and strong tenant retention levels.
The portfolio has reported a high committed occupancy of around 97.9%, reflecting stable demand for well-located commercial office spaces in Bengaluru’s core business districts.
Bagmane Prime Office REIT’s tenant base includes leading multinational corporations and global technology companies such as Google, Amazon, Nvidia, and other major players from IT, technology, and allied sectors. This diversified tenant mix helps support steady rental income and reduces concentration risk.
The REIT follows a long-term leasing strategy focused on structured rental agreements, built-to-suit office spaces, and expansion opportunities for existing tenants within its business parks. This approach supports long-term occupancy stability and strengthens tenant relationships.
In addition to completed assets, the portfolio also includes ongoing developments, planned future projects, and associated infrastructure assets such as hospitality components and renewable energy installations, enhancing overall portfolio efficiency and value creation potential.
Bagmane REIT Revised Financials
Financial (Restated Consolidated)
| Period Ended | Total Income | Profit After Tax | Total Assets |
|---|---|---|---|
| 31 Dec 2025 | 1,959.79 | +829.02 | 7,674.82 |
| 31 Mar 2025 | 2,390.88 | +897.10 | 7,238.48 |
| 31 Mar 2024 | 2,237.33 | +80.00 | 6,816.04 |
Note: Positive figures indicate profit. All values are in ₹ Cr.
Bagmane REIT Objects of Issue
The net proceeds from the IPO will be utilised for strategic acquisitions, growth initiatives, and general corporate purposes.
- 1. Acquisition of Luxor Asset @ Bagmane Capital Tech Park
Fund utilisation towards acquisition of Luxor property to strengthen prime commercial office portfolio. ₹ 1,420.00 Cr - 2. Stake Acquisition in BRPL
Part funding for acquisition of 93% equity stake in BRPL, enhancing long-term asset control and recurring rental income. ₹ 820.00 Cr - 3. General Corporate Purposes
Balance funds to be used for operational flexibility, future growth opportunities, and corporate requirements.
Bagmane REIT Strengths
The strengths below highlight the key factors supporting the REIT’s portfolio quality, stability, and long-term growth potential.
- Premium Grade-A Office Portfolio – High-quality commercial assets located in established IT and business parks with strong tenant demand.
- Established Developer Ecosystem – Backed by Bagmane Group’s long-standing experience in developing and managing large-scale commercial real estate.
- Stable Rental Income Profile – Majority of assets typically leased to reputed multinational and IT tenants, ensuring predictable cash flows.
- Strategic Location Advantage – Properties situated in key Bengaluru micro-markets with strong connectivity and infrastructure.
- Long-Term Value Creation – Focus on institutional-grade assets with potential for capital appreciation and portfolio expansion.
Bagmane REIT Risk Factors
Investors should carefully consider the following risk factors before investing in the REIT units.
- Tenant Concentration Risk – A significant portion of rental income may be derived from a limited number of large tenants. Any vacancy, non-renewal, or default by such tenants may materially impact cash flows.
- Lease Renewal & Vacancy Risk – There is no assurance that expiring leases will be renewed on similar terms, and any increase in vacancy levels may adversely affect rental income.
- Real Estate Market Cyclicality – The performance of the REIT is linked to commercial real estate demand, which is cyclical and sensitive to macroeconomic conditions, interest rates, and IT sector performance.
- Regulatory & Compliance Risk – Changes in SEBI REIT regulations, taxation laws, or local municipal policies may impact operations, distribution structure, or returns to unitholders.
- Development & Acquisition Risk – Future growth depends on successful acquisition and integration of assets; delays, cost overruns, or inability to complete acquisitions may affect expansion plans.
- Interest Rate Risk – Higher borrowing costs or changes in interest rates may impact refinancing ability and overall distribution yield.
Company Information
Founded in: 2025 (REIT structure formed for IPO)
MD / CEO: Richard Hugh Andrew
Address: 5th Floor, B Block, Bagmane Laurel, Bagmane Tech Park, C V Raman Nagar, Bengaluru, Karnataka 560093, India
Website: https://www.bagmanereit.com
Phone: +91 80 4032 9999 (Bagmane Group office contact)
Email: reitcompliance@bagmanereit.com
IPO Quick Info
05 May 2026
07 May 2026
Upcoming
Lead Manager(s)
- 360 One WAM ltd.
- Axis Capital Ltd.
- HDFC Bank Ltd.
- IIFCL (India Infrastructure Finance Company Ltd.)
- JM Financial Ltd.
- Kotak Mahindra Capital Company Ltd.
- SBI Capital Markets Ltd.
Frequently Asked Questions
Bagmane Prime Office REIT is a commercial real estate investment trust that owns and operates Grade A+ office parks in Bengaluru, generating rental income from long-term leases with multinational tenants.