How to Apply for the Bagmane Prime Office REIT IPO: Step-by-Step Investment Guide

Summary:


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.

Bagmane Prime Office REIT IPO Details and Objectives

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

Purpose of the IPO

  • 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

Timeline of Bagmane Prime Office REIT IPO

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

Pricing & Lot Size of Bagmane Prime Office REIT IPO

Price Band for the IPO

  • ₹95.00 to ₹100.00 per share

Bagmane Prime Office REIT IPO Application Process

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:

Step 1: Login to Your Trading Platform

Access your trading account using the trading platform.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate Bagmane Prime Office REIT IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 150 shares) within the price band of ₹95.00 to ₹100.00 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for IPO Allotment Status

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in Bagmane Prime Office REIT IPO

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.

Financial Health and Performance

Key Financial Metrics

  • 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.

Recent Performance and Growth Prospects

  • 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.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • 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.

Opportunities and Growth Potential

  • 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.

Bagmane Prime Office REIT IPO Registrar & Lead Managers

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.

Company Address of Bagmane Prime Office REIT

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.

Frequently Asked Questions

Published Date : 07 May 2026

Disclaimer :

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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