Bagmane Prime Office REIT IPO GMP, Price, Date, Allotment & Subscription Status

{company_name}, a Blackstone-backed Bengaluru-based commercial real estate investment trust, is launched its initial public offering (IPO). This marks one of the prominent REIT IPOs, focused on premium Grade A+ office assets. Let’s discuss the it's Grey Market Premium (GMP), price band, key dates, financials, and much more.

Bagmane Prime Office REIT IPO GMP stands at ₹4.25 (4.25%) as of today 8th May 2026.

What is {company_name} IPO?

The {company_name} IPO is a book-built issue comprising a fresh issue and an Offer for Sale (OFS). 

• Issue Size: ₹3,405 rore
• Listing Exchanges: BSE and NSE.
• Lead Manager: {lead_manager}.
• Registrar: KFin Technologies Limited.

{company_name} IPO Key Timeline

{company_name} Key IPO Details

• IPO Open Date: {open_date}
• IPO Close Date: {close_date}
• Issue Size: ₹3,405 Crores
• Fresh Issue: ₹2,390 Crores.
• Offer for Sale: ₹1,015 Crores.
• Price Band:  ₹95 - ₹100 per share.
• Lot Size: 150
• Minimum Investment (Retail): 14,250
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): Not more than 75% of the Offer
  • Non-Institutional Investors (NII/HNI): Not less than 25% of the Offer
• Listing Date: 15 May 2026.

{company_name} IPO GMP Today

The grey market premium reflects unofficial trading sentiment ahead of listing. GMP is volatile and not a guaranteed indicator. As of 7th May 2026, GMP stands at approximately ₹4.25, implying a listing price of around ₹104.25 per share about 4.25% premium over the upper band of ₹100.

{company_name} IPO Subscription Status

{company_name} IPO Objectives

• Capital Raising & Acquisition: Proceeds from the fresh issue will primarily be used for acquisition of assets and strategic purposes.
• Debt Repayment/Development: Support portfolio growth, development pipeline, and operational needs.
• OFS Component: Proceeds go to selling shareholders (including Blackstone affiliate).
• Listing Benefits: Enhanced visibility, liquidity, and market discipline for India's office REIT sector.

About {company_name}

Bagmane Prime Office REIT was settled in 2025 and focuses on owning and managing premium Grade A+ business parks in Bengaluru. It is sponsored by the Bagmane Group, with nearly three decades of experience in commercial real estate.

• Headquarters: Bengaluru, Karnataka, India.
• Portfolio: Approximately 19.6-20.3 msf leasable area across key micro-markets, with high committed occupancy (~98.8%). Includes office spaces, hotels (607 keys), and solar assets. Tenants include marquee names like Google, Amazon, Nvidia, and other multinationals.
• Scale: One of the largest pure-play office REITs in India, supporting high rental income and growth in Bengaluru's tech-driven market.

{company_name} Business Overview

{company_name} is India's leading pure-play Grade A+ office REIT with a focus on high-quality business parks. Core operations involve leasing premium office space, generating stable rental income, and managing associated assets, such as hotels and renewable energy assets. It benefits from long-term leases (WALE ~7+ years) and strong tenant profiles. 

{company_name} Key Highlights

• Portfolio Strength: High occupancy, prime Bengaluru locations, and development pipeline.
• Sponsor Backing: Strong support from Bagmane Group and Blackstone.
• Market Position: Targets stable yields in India's commercial real estate sector.
• Strategic Importance: Exposure to tech/GCC demand in Bengaluru.

Strengths and Challenges of {company_name}

Strengths:

• Market leadership in Bengaluru Grade A+ offices with high occupancy and quality tenants.
• Stable cash flows from long-term leases and diversified assets.
• Experienced sponsor with a strong growth pipeline.

Challenges:

• Tenant concentration risk (reliance on a few large MNCs).
• Sector risks, including economic slowdowns affecting office demand and ESG/regulatory pressures.
• Interest rate sensitivity and execution risks in development.

{company_name} Financial Performance 

How to Apply for {company_name} IPO?

Investors can apply via ASBA (online/offline) or UPI.

Online ASBA/UPI:

1. Log in to your Bank or broker's platform.
2. Navigate to the IPO section.
3. Select "{company_name}".
4. Enter the bid details, including lots, price, and UPI ID (if applicable).
5. Submit and confirm the mandate by 5 PM on the closing date.

Offline:

1. Obtain form from broker/exchange.
2. Fill in the details and submit to the broker.

{company_name} IPO Allotment Status

Allotment status will be available on the KFin Technologies Limited website on May 12, 2026. Check via PAN, application number, or DP ID on the registrar site, NSE/BSE, or broker platforms.

{company_name} Contact Details

Registrar

• Name: KFin Technologies Limited
• Address: Selenium Tower B, Plot No. 21 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Ranga Reddy 500032, Telangana, India.
• Email: bagmane.reit@kfintech.com
• Phone: +91 40 6716 2222 / 1800 309 4001

Lead Manager

• Name: {lead_manager}
• Address: 7th Floor, Cynergy Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025 Maharashtra, India.
• Email: bagmane.reit@jmfl.com
• Phone: +91 22 6630 3030

Company

• Name: {company_name}
• Address: 5th Floor, ‘B’ Block, Laurel Building, C.V. Raman Nagar, Bagmane Tech Park, Bengaluru 560 093, Karnataka, India.
• Email: {contact_email}
• Phone: {contact_phone}

The Bagmane Prime Office REIT IPO offers investors exposure to high-quality Bengaluru commercial real estate with stable rental yields, strong occupancy, and marquee tenants. However, evaluate risks like tenant concentration and market cycles. 

Disclaimer: The information provided in the article is only for educational purposes and should not be taken as investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making any investment decisions. Grey market premiums are unofficial and volatile, and past performance is not indicative of future results.

Related Articles:

1. Upcoming IPO List in 2026
2. NFP Sampoorna Foods IPO GMP, Price, Date, Allotment & Subscription Status
3. Bharat Coking Coal IPO GMP, Price, Date, Allotment & Subscription Status
4. Mobilise App Lab Limited IPO GMP, Price, Date, Allotment & Subscription Status
5. Simca Advertising IPO GMP, Price, Date, Allotment & Subscription Status
6. Teamtech Formwork Solutions Ltd IPO GMP, Price, Date, Allotment & Subscription Status
7. Recode Studios Limited IPO GMP, Price, Date, Allotment & Subscription Status
8. Goldline Pharmaceutical IPO GMP, Price, Date, Allotment & Subscription Status