Who is the CEO of Bagmane Prime Office REIT?
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Richard Hugh Andrew has been appointed as the Chief Executive Officer of Bagmane Prime Office REIT.
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on Grade A+ office business parks in Bengaluru. The IPO opens on May 5, 2026, and closes on May 7, 2026. The issue consists of 34,05,00,000 shares aggregating up to ₹3,405 crore, with a price band of ₹95 to ₹100 per share and a lot size of 150 shares. The REIT portfolio includes operational office assets, development projects, and leased commercial spaces occupied by multinational corporations and technology companies. The issue is proposed to be listed on the BSE and NSE.
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on owning and operating Grade A+ office business parks in Bengaluru. Its portfolio is concentrated across established commercial micro-markets and caters primarily to multinational corporations, technology companies, and Global Capability Centres. The REIT’s asset base includes operational office parks, under-construction developments, future development projects, hospitality assets, and solar power projects. Its leasing strategy is centred on long-term tenant engagement, built-to-suit office infrastructure, and expansion opportunities within existing properties. The REIT’s tenant portfolio includes global companies across the technology and related sectors, reflecting its presence within Bengaluru’s commercial office market. The sponsor group has experience in developing and managing office assets across multiple Indian cities. Market conditions for office REITs remain linked to leasing demand, occupancy levels, tenant retention, and broader economic activity.
Investors applying for the Bagmane Prime Office REIT IPO can do so through the ASBA facility available via net banking or through a registered stockbroker’s trading platform. Applicants are generally required to have an active demat account, PAN card, and a bank account linked with UPI or ASBA services. After logging into the investment platform, investors can select the IPO section, choose the Bagmane Prime Office REIT IPO, enter the bid quantity, and confirm the application amount within the applicable price band. Once the application is submitted, the bid amount is blocked in the investor’s bank account until the allotment process is completed. Investors may check the allotment status through the registrar’s website or the stock exchange platform after the basis of allotment is finalised. Units allotted to eligible investors are credited to their demat accounts, while unallotted funds are released by the bank in accordance with the applicable process.
For more details, visit the Bagmane Prime Office REIT IPO page.
Details | Information |
IPO Date | May 5, 2026 to May 7, 2026 |
Issue Size | 34,05,00,000 shares (agg. up to ₹3,405 Cr) |
Price Band | ₹95.00 to ₹100.00 per share |
Lot Size | 150 shares |
Listing At | BSE, NSE |
Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park
Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL
General purposes
Event | Date |
|---|---|
IPO Open Date | Tue, May 5, 2026 |
IPO Close Date | Thu, May 7, 2026 |
Tentative Allotment | Tue, May 12, 2026 |
Initiation of Refunds | Wed, May 13, 2026 |
Credit of Shares to Demat | Wed, May 13, 2026 |
Tentative Listing Date | Fri, May 15, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 7, 2026 |
₹95.00 to ₹100.00 per share
The Bagmane Prime Office REIT IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Bagmane Prime Office REIT IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 150 shares) within the price band of ₹95.00 to ₹100.00 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Bagmane Prime Office REIT IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
Investor Category | Shares Offered |
QIB Shares Offered | 19,16,24,745 |
− Anchor Investor Shares Offered | 11,49,74,850 |
− QIB (Ex. Anchor) Shares Offered | 7,66,49,895 |
NII (HNI) Shares Offered | 6,38,75,055 |
Total Shares Offered | 25,54,99,800 |
This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.
Total Assets: Grew from ₹6,816.04 crore in FY24 to ₹7,238.48 crore as of March 2025.
Total Income: Recorded at ₹2,390.88 crore in March 2025, as compared to ₹2,237.33 crore in FY24.
Profit After Tax (PAT): Reported at ₹897.10 crore in March 2025, and ₹809.36 crore in FY24.
The portfolio has reported growth in its overall asset base during the latest financial period, reflecting continued expansion and development activity across its commercial real estate assets.
Total income witnessed an increase compared to the previous financial year, supported by leasing activity, occupancy levels, and rental income from operational business parks.
The trust also recorded growth in profit after tax during the latest reporting period, indicating operational performance across its office asset portfolio.
Demand for Grade A office spaces in established business districts continues to support leasing activity from multinational corporations, technology companies, and Global Capability Centres.
The portfolio’s focus on long-term tenant relationships and integrated office developments may continue to support operational stability across its commercial assets.
Ongoing and planned development projects, along with expansion opportunities within existing business parks, are expected to remain part of the portfolio’s growth strategy.
Market conditions for commercial office assets may continue to depend on factors such as economic activity, office leasing demand, tenant expansion plans, and overall business sentiment.
The REIT’s operational performance may remain linked to commercial office leasing demand, occupancy levels, tenant retention, and expansion plans of multinational corporations and technology companies operating within its business parks.
Market conditions in the commercial real estate sector may be influenced by broader economic activity, interest rate movements, workplace strategy changes, and supply trends across office markets, which could impact leasing activity and rental income generation.
The portfolio includes operational assets, under-construction developments, and future expansion projects, which may support the REIT’s long-term business development strategy across commercial office spaces.
Continued demand for Grade A office assets from multinational companies, Global Capability Centres, and technology-led occupiers in Bengaluru may contribute to leasing activity and tenant engagement within the portfolio’s business parks.
Registrar | Lead Manager(s) |
|---|---|
Kfin Technologies Ltd. | JM Financial Ltd., Kotak Mahindra Capital Co.Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd., HDFC Bank Ltd. |
5th Floor, ‘B’ Block,
Laurel Building, C.V. Raman Nagar,
Bagmane Tech Park,
Bengaluru, Karnataka, 560093
Phone: +91 80 4032 9901
Email: reitcompliance@bagmanereit.com
Website: https://www.bagmanereit.com/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Bagmane Prime Office REIT IPO allotment status.
Richard Hugh Andrew has been appointed as the Chief Executive Officer of Bagmane Prime Office REIT.
The Bagmane Prime Office REIT IPO is scheduled to open for subscription on May 5, 2026, and close on May 7, 2026.
Bagmane Prime Office REIT operates in the commercial office real estate segment and focuses on owning, operating, and managing Grade A+ office business parks in Bengaluru. Its portfolio is leased primarily to multinational corporations, technology companies, and Global Capability Centres. The business model is linked to rental income generation, occupancy levels, tenant retention, and commercial office leasing activity. Long-term sustainability may continue to depend on factors such as office space demand, economic activity, tenant expansion plans, and overall conditions in the commercial real estate market.
The Bagmane Prime Office REIT IPO comprises 34,05,00,000 shares aggregating up to ₹3,405 crore. The issue is proposed to be listed on the BSE and NSE.
The ‘pre-apply’ facility allows investors to submit their IPO application before the public issue officially opens for subscription. Under this process, investors can enter their bid details in advance, while the payment mandate approval is generally completed once the IPO opens within the applicable bidding period.
The minimum lot size for the Bagmane Prime Office REIT IPO is 150 shares. Investors are required to apply for at least one lot, subject to the applicable investment amount based on the final issue price within the declared price band of ₹95 to ₹100 per share.
The tentative allotment date for the Bagmane Prime Office REIT IPO is May 12, 2026.
Kfin Technologies Ltd. has been appointed as the registrar for the Bagmane Prime Office REIT IPO. The registrar is responsible for handling the IPO application records, allotment process, and investor-related queries associated with the issue.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the Bagmane Prime Office REIT IPO through the ASBA facility available via net banking or through a registered stockbroker’s trading platform. Applicants are generally required to log into their trading account, navigate to the IPO section, select the IPO, enter the bid quantity, provide the UPI ID or ASBA details, and confirm the application before the cut-off time on the closing date.
Yes, investors are generally required to have an active demat account to apply for the Bagmane Prime Office REIT IPO. Units allotted through the IPO process are credited electronically to the investor’s demat account before listing.
Investors can check the allotment status through the registrar’s website or the stock exchange platform after the basis of allotment is finalised. If units are allotted, they are credited to the investor’s demat account. In cases where allotment is not received or only partially allotted, the remaining blocked funds are released in accordance with the applicable process.
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