Bagmane Prime Office REIT IPO
IPO Listing Details
- Listing Date
14 May 2026
- Listing Price
₹103.40
- Listing Change
3.40%
- Last Traded Price
₹104.10
Bagmane Prime Office REIT IPO Details
-
Open Date
05 May 2026
-
Close Date
07 May 2026
- IPO Price Range
₹ 95 to ₹100
- IPO Size
₹ 3,405.00 Cr
Bagmane Prime Office REIT IPO Timeline
Bagmane Prime Office REIT IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 05-May-2026 | 0.69 | 0.74 | - | 0.71 |
| 06-May-2026 | 0.94 | 3.98 | - | 22.72 |
| 07-May-2026 | 26.58 | 22.82 | - | 24.96 |
Last Updated: 07 May 2026 5:44 PM by 5paisa
Bagmane Prime Office REIT owns and manages premium Grade A+ business parks in Bengaluru, a leading Indian office market. As of June 2025, it held six parks spanning 20.3 million sq ft, with 97.9% occupancy. Its portfolio includes completed and under-development assets, hotels, and solar projects. Tenants include major multinationals such as Google and Amazon. Sponsored by the Bagmane Group, it focuses on long-term leasing and tenant expansion opportunities.
Established in: 2025
Managing Director: Rahul Choudhary
Peers:
| Name of Company |
Embassy Office Parks REIT |
Mindspace Business Parks REIT |
Brookfield India Real Estate Trust |
Knowledge Realty Trust |
|
NAV per Unit (₹) |
445.91 | 484.90 | 355.00 | 118.00 |
| Premium / (Discount to NAV)% | -4.38 | -3.05 | -7.17 | -1.47 |
Bagmane Prime Office REIT Objectives
1. Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park (₹1,420.00 Cr).
2. Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL (₹820.00 Cr)
3. General corporate purposes.
Bagmane REIT Size
| Types | Size |
|---|---|
| Total IPO Size | ₹3,405.00 Cr |
| Offer For Sale | ₹1,015.00 Cr |
| Fresh Issue | ₹2,390.00 Cr |
Bagmane REIT IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 26.58 | 7,66,49,895 | 2,03,72,28,750 | 20,372.29 |
| Others | 22.82 | 6,38,75,055 | 1,45,74,93,450 | 14,574.93 |
| Total** | 24.96 | 14,05,24,950 | 3,50,77,38,150 | 35,077.38 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 1979.31 | 2205.37 | 2370.75 |
| EBITDA | 1587.08 | 1740.30 | 1906.67 |
| PAT | 859.78 | 1225.53 | 1343.81 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 6296.89 | 6816.04 | 7238.48 |
| Share Capital | 42.05 | 42.05 | 51.55 |
| Total Liabilities | 5002.07 | 5585.69 | 5646.21 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 1073.24 | 1215.27 | 1595.89 |
| Net Cash Generated From / (used in) Investing Activities | -214.37 | -434.57 | -488.37 |
| Net Cash Generated From / (used in) Financing Activities | -815.61 | -790.55 | -951.85 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 43.26 | -9.85 | 155.67 |
Strengths
1. High occupancy levels ensuring stable rental income
2. Premium Grade A+ assets in prime Bengaluru markets
3. Strong tenant base with global multinational corporations
4. Backed by experienced Bagmane Group with development pipeline
Weaknesses
1. Geographic concentration limited primarily to Bengaluru market
2. Dependence on technology sector-driven office demand cycles
3. Exposure to leasing risks in under-construction assets
4. Capital-intensive expansion and development requirements ongoing
Opportunities
1. Rising demand for high-quality office spaces in India
2. Expansion through upcoming development and pipeline projects
3. Potential rental growth driven by strong tenant demand
4. Diversification into other major Indian office markets
Threats
1. Economic slowdown impacting office leasing and occupancies
2. Remote work trends reducing long-term office space demand
3. Competition from other REITs and commercial developers
4. Regulatory changes affecting real estate and REIT operations
1. High occupancy ensures consistent and stable rental income
2. Premium assets located in Bengaluru’s prime office markets
3. Strong multinational tenant base with long-term leases
4. Backed by experienced sponsor with proven execution track record
Citius Transnet Investment Trust operates within India’s expanding infrastructure investment landscape, benefiting from growing demand for logistics and transport assets. With increasing economic activity, government infrastructure push, and rising trade volumes, the sector offers strong long-term growth potential. Stable cash flows, long concession periods, and inflation-linked revenues enhance visibility. Additionally, opportunities for portfolio expansion and operational efficiencies support sustained value creation for investors.
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FAQs
Bagmane REIT opens from May 5, 2026, to May 7, 2026.
The size of the Bagmane REIT is ₹3,405.00 Cr.
The price band of Bagmane REIT is fixed at ₹95 to ₹100.
To apply for Bagmane REIT, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Citius Transnet Investment Trust. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Bagmane REIT is shares and the investment required is .
The share allotment date of Bagmane REIT is May 12, 2026
The Bagmane REIT will likely be listed on May 15, 2026.
JM Financial Ltd is the book running lead managers for Bagmane REIT.
Bagmane REIT plans to utilise the raised capital from the IPO for:
1. Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park (₹1,420.00 Cr).
2. Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL (₹820.00 Cr)
3. General corporate purposes.