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Bagmane Prime Office REIT IPO Day 1 Subscription Status GMP Price Band Lot Size and Key Dates

  • May 5, 2026
  • Posted by: Ankit Jaiswal
  • Category: IPO
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Bagmane Prime Office REIT IPO Day 1

The Bagmane Prime Office REIT IPO Day 1 subscription opened today, May 5, 2026, with the Rs 3,405 crore issue inviting bids from institutional and non-institutional investors. The Bagmane Prime Office REIT IPO Day 1 grey market premium stands at Rs 4 per unit, pointing to an expected listing price of approximately Rs 104 against the upper price band of Rs 100, implying a potential listing gain of around 4 percent. The issue remains open through May 7, 2026, with listing expected on BSE and NSE on May 15, 2026.

Bagmane Prime Office REIT is a Bengaluru-based real estate investment trust sponsored by Bagmane Realty and Infrastructure LLP, part of the Bagmane Group that has nearly three decades of experience developing large Grade A plus office parks. The trust owns and manages six premium Grade A plus business parks covering a total area of 20.3 million square feet with committed occupancy of 98.8 percent as of December 31, 2025. Tenants include global technology companies and multinationals such as Google, Amazon, and Nvidia. This article covers the live Bagmane Prime Office REIT IPO Day 1 subscription status, price band, lot size, GMP, key dates, and what investors should know before the window closes on May 7, 2026.

Click Here – Get Free Investment Predictions on Univest The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Table of Contents

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  • Bagmane Prime Office REIT IPO Day 1 Subscription Status
  • Bagmane Prime Office REIT IPO Price Band and Lot Size
  • About Bagmane Prime Office REIT
  • Bagmane Prime Office REIT Financial Performance
  • Aim of the Bagmane Prime Office REIT IPO
  • Bagmane Prime Office REIT IPO GMP Grey Market Premium
  • Should I Apply for the Bagmane Prime Office REIT IPO: Pros and Cons
    • Pros of the Bagmane Prime Office REIT IPO
    • Cons of the Bagmane Prime Office REIT IPO
  • How to Apply for the Bagmane Prime Office REIT IPO Step by Step
  • How to Check Bagmane Prime Office REIT IPO Allotment Status on BSE and Registrar
    • Check Bagmane Prime Office REIT IPO Allotment Status on BSE
    • Check Bagmane Prime Office REIT IPO Allotment Status on Registrar Portal
  • Frequently Asked Questions FAQs
    • What is the Bagmane Prime Office REIT IPO Day 1 subscription status?
    • What is the Bagmane Prime Office REIT IPO price band and lot size?
    • What is the Bagmane Prime Office REIT IPO GMP today?
    • When is the Bagmane Prime Office REIT IPO listing date?
    • Who Are the Tenants of the Bagmane Prime Office REIT IPO Portfolio?
    • Should I apply for the Bagmane Prime Office REIT IPO?
    • Who is the registrar of the Bagmane Prime Office REIT IPO?
    • What Does the Bagmane Prime Office REIT IPO Company Do?
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Bagmane Prime Office REIT IPO Day 1 Subscription Status

The Bagmane Prime Office REIT IPO Day 1 subscription status is updating through the session as bids come in from institutional and non-institutional investors. Unlike mainboard equity IPOs, a REIT IPO does not have a separate retail investor category. The allocation under Bagmane Prime Office REIT IPO is 75 percent for qualified institutional buyers and 25 percent for non-institutional investors. Day 1 institutional participation is typically indicative but not final as large QIB orders often arrive in bulk on Day 3.

Category Allocation Day 1 Subscription Status
Qualified Institutional Buyers (QIB) 75% of issue Updating live – check NSE platform
Non-Institutional Investors (NII/HNI) 25% of issue Updating live – check NSE platform
Retail Investors No retail quota REIT IPO – not applicable
Total Issue Size 34,05,00,000 units Rs 3,405 crore at upper band of Rs 100

Source: NSE live subscription data. REIT IPOs do not carry a retail investor category under SEBI regulations. Track live subscription on NSE platform. The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Bagmane Prime Office REIT IPO Price Band and Lot Size

The Bagmane Prime Office REIT IPO price band is fixed at Rs 95 to Rs 100 per unit with a face value of Rs 10. The minimum lot size is 150 units requiring a minimum application amount of Rs 15,000 at the upper price band of Rs 100. Since this is a REIT IPO, the standard retail category (minimum 2 lots) does not apply. All investors including individuals apply under the non-institutional category if they are not qualified institutional buyers.

IPO Detail Information
IPO Open Date May 5, 2026
IPO Close Date May 7, 2026
Allotment Date May 12, 2026
Credit to Demat May 13, 2026
Refund Initiation May 13, 2026
Listing Date May 15, 2026
Price Band Rs 95 to Rs 100 per unit
Face Value Rs 10 per unit
Lot Size 150 units
Minimum Investment Rs 15,000 (1 lot at upper band)
Total Issue Size Rs 3,405 crore
Fresh Issue Rs 2,390 crore (23,90,00,000 units)
Offer for Sale (OFS) Rs 1,015 crore (10,15,00,000 units)
Listing Exchange BSE and NSE
Issue Type Mainboard REIT IPO
Lead Managers JM Financial, Kotak Mahindra Capital, Axis Capital, IIFL Capital, SBI Capital, 360 ONE WAM, HDFC Bank
Registrar KFin Technologies Ltd

About Bagmane Prime Office REIT

Bagmane Prime Office REIT is a real estate investment trust registered with SEBI on July 15, 2025, and established by its sponsor Bagmane Realty and Infrastructure LLP. The Bagmane Group has nearly 30 years of experience developing and managing large Grade A plus office parks in Bengaluru. The trust was set up to consolidate the group’s income-generating commercial assets into a listed platform that gives investors access to stable rental income from premium office real estate The Bagmane Prime Office REIT IPO is a key investment event to track closely.

The Bagmane Prime Office REIT IPO Day 1 offers investors access to a portfolio of six Grade A plus business parks including Bagmane World Technology Centre, Bagmane Tech Park, and Bagmane Constellation Business Park, among others. The total portfolio covers 20.3 million square feet of area, of which 19.6 million square feet is leasable. Committed occupancy as of December 31, 2025 stands at 98.8 percent. Foreign-headquartered multinationals and Global Capability Centre tenants account for 98.7 percent and 88.5 percent respectively of gross contracted rentals, giving Bagmane Prime Office REIT IPO extremely stable and creditworthy income streams. Raja Bagmane serves as Non-Executive Chairman and Managing Director of the manager.

Download the Univest iOS App or Univest Android App to get daily IPO updates and insightful research pieces. The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Bagmane Prime Office REIT Financial Performance

The financial performance of Bagmane Prime Office REIT provides the core investment case for the Bagmane Prime Office REIT IPO. As a REIT, the primary income metric is rental income from tenants rather than net profit in the conventional sense. The trust generates distributable cash flow from contracted rents across its six business parks.

Financial Parameter Value
Revenue FY2025 Rs 2,390.88 crore
Revenue FY2024 Rs 2,237.33 crore
Revenue Growth FY25 vs FY24 Approximately 7 percent
Profit FY2025 Rs 897.10 crore
Profit FY2024 Rs 809.36 crore
Committed Occupancy (Dec 2025) 98.8 percent
Leasable Area 19.6 million square feet
MNC and GCC Tenant Share of Rentals 98.7 percent and 88.5 percent

Source: Bagmane Prime Office REIT Red Herring Prospectus. Verify all figures before investing. The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Aim of the Bagmane Prime Office REIT IPO

The Bagmane Prime Office REIT IPO comprises a fresh issue of Rs 2,390 crore and an offer for sale of Rs 1,015 crore. The fresh issue proceeds are intended to be used for acquiring additional office assets from the Bagmane Group sponsor pipeline and for general trust purposes including debt repayment and capital expenditure on existing properties. The OFS component allows existing unitholders, including Blackstone-affiliated entities, to partially monetise their holdings in Bagmane Prime Office REIT IPO. Blackstone’s backing provides institutional credibility to the structure and signals international investor confidence in the Bengaluru office market.

Bagmane Prime Office REIT IPO GMP Grey Market Premium

The Bagmane Prime Office REIT IPO GMP stands at approximately Rs 4 per unit as of May 5, 2026, indicating an expected listing price of around Rs 104 against the upper price band of Rs 100. This GMP of Rs 4 implies an expected listing gain of approximately 4 percent, which aligns with the article headline referencing over 4 percent listing gain signals from the grey market.

GMP Data Point Value
GMP (May 5, 2026) Rs 4 per unit
Upper Price Band Rs 100 per unit
Expected Listing at GMP Rs 104 (approximately 4 percent gain)
GMP Trend Stable, tracked Rs 3 to Rs 4.5 before opening
GMP High (pre-opening) Rs 4.5 on May 1, 2026
Caution GMP is unofficial and can fall before May 15 listing

GMP data for the Bagmane Prime Office REIT IPO is unofficial, sourced from grey market participants, and is subject to sharp change before the Bagmane Prime Office REIT IPO listing. A GMP of Rs 4 on a Rs 100 issue is a modest positive signal rather than a strong one. Investors should not apply based on GMP alone and should evaluate Bagmane Prime Office REIT IPO’s rental income quality and Bengaluru office market fundamentals.

Track the live Bagmane Prime Office REIT IPO Day 1 subscription and GMP on the Univest Screener.

Should I Apply for the Bagmane Prime Office REIT IPO: Pros and Cons

Pros of the Bagmane Prime Office REIT IPO

Near-full occupancy at 98.8 percent: The trust’s portfolio is almost fully occupied with contracted rents from high-quality MNC and GCC tenants, providing stable and predictable rental income for distribution to unitholders The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Marquee tenant base: Google, Amazon, Nvidia, and other global technology giants as tenants means rent collection risk is extremely low. These companies have long-term lease agreements and rarely vacate prime office space mid-contract The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Blackstone backing: The involvement of Blackstone, a globally respected real estate institutional investor, as a co-sponsor lends credibility to the asset management and governance of Bagmane Prime Office REIT IPO.

Bengaluru office market leadership: The six business parks are located in the best-performing micro-markets in Bengaluru for cumulative net absorption from 2021 to 2025, confirming prime location advantage The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Stable income for long-term investors: REITs are designed to distribute a significant portion of their income to unitholders, making this suitable for investors seeking regular income from a market-listed instrument backed by real assets The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Cons of the Bagmane Prime Office REIT IPO

Geographic concentration: All six business parks are in Bengaluru. Any adverse development in the city’s office market, including oversupply, economic slowdown, or technology sector layoffs, would directly impact rental income and unit price The Bagmane Prime Office REIT IPO is a key investment event to track closely.

GCC dependency: GCC tenants account for 88.5 percent of gross contracted rentals. Any pullback in global corporations setting up or expanding GCCs in India, driven by geopolitical changes or US policy shifts, poses a concentration risk The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Interest rate sensitivity: REITs are sensitive to interest rate movements. Rising interest rates reduce the attractiveness of REIT distributions relative to fixed income alternatives and can put downward pressure on the unit price post-listing The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Limited listing gain expectation: GMP of Rs 4 on a Rs 100 issue implies only 4 percent listing upside, which is modest. Investors looking for quick listing gains may find better opportunities in growth-oriented mainboard or SME IPOs The Bagmane Prime Office REIT IPO is a key investment event to track closely.

How to Apply for the Bagmane Prime Office REIT IPO Step by Step

Step 1 – Open a Demat Account: Ensure you have an active demat and trading account. Open one through Univest here The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Step 2 – Log in to your broker platform: Navigate to the IPO section on your broker platform or bank net banking portal The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Step 3 – Search for the IPO: Search for Bagmane Prime Office REIT and click Bid The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Step 4 – Enter lot quantity and bid price: Apply for a minimum of 1 lot (150 units) at Rs 100 upper band. Minimum investment is Rs 15,000 The Bagmane Prime Office REIT IPO is a key investment event to track closely.

Step 5 – Submit UPI or ASBA mandate: Complete the application using your UPI ID or ASBA through bank net banking. Units will be credited to your demat account by May 13, 2026 if allotted The Bagmane Prime Office REIT IPO is a key investment event to track closely.

How to Check Bagmane Prime Office REIT IPO Allotment Status on BSE and Registrar

Check Bagmane Prime Office REIT IPO Allotment Status on BSE

Visit bseindia.com, navigate to the Investors section, click on Application Status, select Bagmane Prime Office REIT IPO, enter your PAN or application number, and check your allotment status from May 12, 2026 onwards.

Check Bagmane Prime Office REIT IPO Allotment Status on Registrar Portal

Visit KFin Technologies website at kfintech.com, navigate to the IPO Allotment Status section, select Bagmane Prime Office REIT, enter your PAN, application number or demat account details, and click Submit. Allotment status will be available from May 12, 2026 The Bagmane Prime Office REIT IPO is a key investment event to track closely.

The Bagmane Prime Office REIT IPO Investments in securities are subject to market risk. Please read all related documents before investing. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI registered financial advisor before making any investment decisions.

Frequently Asked Questions FAQs

What is the Bagmane Prime Office REIT IPO Day 1 subscription status?

The Bagmane Prime Office REIT IPO Bagmane Prime Office REIT IPO Day 1 subscription status is updating through May 5, 2026 as bids come in. This is a REIT IPO with no retail investor category. Allocation is 75 percent to QIBs and 25 percent to non-institutional investors. Track live subscription data on the NSE platform as Day 1 figures are typically incomplete with large orders arriving on Day 3.

What is the Bagmane Prime Office REIT IPO price band and lot size?

The Bagmane Prime Office REIT IPO price band is Rs 95 to Rs 100 per unit with a minimum lot size of 150 units. The minimum investment at the upper price band of Rs 100 is Rs 15,000 for one lot. Since this is a REIT IPO, there is no separate retail investor quota or minimum 2-lot requirement.

What is the Bagmane Prime Office REIT IPO GMP today?

The Bagmane Prime Office REIT IPO GMP stands at approximately Rs 4 per unit as of May 5, 2026, implying an expected listing price of Rs 104 at the upper band of Rs 100, suggesting approximately 4 percent listing gain. GMP is unofficial, sourced from grey market traders, and can change sharply before the May 15 listing date.

When is the Bagmane Prime Office REIT IPO listing date?

The Bagmane Prime Office REIT IPO listing date is May 15, 2026 on both BSE and NSE. Allotment is expected on May 12, 2026, with units credited to demat accounts on May 13, 2026. Allotment status can be checked on the KFin Technologies registrar website from May 12, 2026 onwards.

Who Are the Tenants of the Bagmane Prime Office REIT IPO Portfolio?

The Bagmane Prime Office REIT IPO Bagmane Prime Office REIT’s tenant base includes global technology companies and multinationals such as Google, Amazon, and Nvidia. Foreign-headquartered MNC and GCC tenants account for 98.7 percent and 88.5 percent of gross contracted rentals respectively. This high-quality tenant profile supports stable rental income and low vacancy risk for Bagmane Prime Office REIT IPO.

Should I apply for the Bagmane Prime Office REIT IPO?

The Bagmane Prime Office REIT IPO offers access to stable rental income from a Bengaluru Grade A plus office portfolio with 98.8 percent occupancy and marquee MNC tenants. Suitable for long-term income-seeking investors. Key risks include geographic concentration in Bengaluru, GCC tenant dependency, and interest rate sensitivity. GMP of Rs 4 suggests modest listing gain of approximately 4 percent rather than a strong pop. Consult a SEBI registered financial advisor before applying.

Who is the registrar of the Bagmane Prime Office REIT IPO?

KFin Technologies Ltd is the registrar of the Bagmane Prime Office REIT IPO and handles the Bagmane Prime Office REIT IPO allotment process, responsible for managing the allotment process and initiating refunds. You can check allotment status at kfintech.com from May 12, 2026. Lead managers include JM Financial, Kotak Mahindra Capital, Axis Capital, IIFL Capital Services, SBI Capital Markets, 360 ONE WAM, and HDFC Bank.

What Does the Bagmane Prime Office REIT IPO Company Do?

The Bagmane Prime Office REIT IPO Bagmane Prime Office REIT is a Bengaluru-based real estate investment trust that owns and manages six Grade A plus business parks covering 20.3 million square feet. It earns income by leasing office space to large multinationals, GCCs, and technology companies, and distributes this rental income to unitholders. The trust is sponsored by Bagmane Realty and Infrastructure LLP with Blackstone as a co-investor, and is listed on BSE and NSE.

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IPO Day 1
Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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