How to Check Bagmane Prime Office REIT IPO Allotment Status

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.

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. 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 IPO is a book build issue of ₹3,405.00 crore, comprising a fresh issue of 23.90 crore units aggregating to ₹2,390.00 crore and an offer for sale of 10.15 crore units aggregating to ₹1,015.00 crore. The REIT opened on May 5, 2026, and closed on May 7, 2026. The allotment is expected on Tuesday, May 12, 2026. The price band was set at ₹95 to ₹100 per unit.

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Steps to Check Bagmane REIT IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd.
• Select "Bagmane REIT" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Bagmane REIT IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Bagmane REIT" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Bagmane REIT IPO Subscription Status

Bagmane REIT subscribed 24.96 times overall. Here is the category-wise breakdown as of 5:06:42 PM on May 7, 2026:

• QIB Category (Ex Anchor): 26.58 times
• Non-Institutional Investors (NII): 22.82 times

Bagmane REIT IPO Share Price and Investment Details

The issue raised ₹1,149.75 crore from anchor investors. The anchor investor lock-in period ends on June 11, 2026. Given the overall subscription of 24.96 times with strong institutional interest at 26.58 times and healthy NII participation at 22.82 times, the listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for acquisition by BDPL of Luxor @ Bagmane Capital Tech Park (₹1,420.00 crore), part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL (₹820.00 crore), and general purposes.

Business Overview

Bagmane Prime Office REIT is managing premium Grade A+ business parks in Bengaluru, the Silicon Valley of India. It has posted a proven track record of good earnings with a respectable market share. The offer appears lucrative with good scope of yields from the day one of its listing. It has outperformed listed peers as per its financial data and other parameters.

The REIT demonstrated strong financial performance with total income of ₹2,390.88 crore for FY2025 and total assets of ₹7,674.82 crore as of December 31, 2025. The REIT benefits from a high-quality portfolio of Grade A+ business parks with a committed occupancy of 97.9%, a marquee tenant base including global technology giants, a strategic concentration in Bengaluru's prime micro-markets, a strong sponsor with an established development track record, and a leasing strategy focused on long-term tenant relationships and built-to-suit solutions.