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Bagmane REIT IPO
Price Band
₹95.0–100.0
Issue Size
₹3405.0 Cr
Lot Size
—
Min Investment
₹15,000
GMP
+₹4.0 (4.0%)
Issue Price
₹100.0
Bagmane REIT IPO AI Summary
- Bagmane REIT IPO is listed on BSE, NSE in the Real Estate Investment Trusts (REITs) sector.
- Price band: ₹95.0–₹100.0 per share (min. investment ₹15,000).
- Subscription window: 05 May–07 May 2026, listing on 14 May 2026.
- Current GMP is +₹4.0 (4.0%), an estimated listing price of ₹104 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Bagmane REIT IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+4.0%
Est. Listing
₹104.0
Updated: 14 Jul 2026 15:52
About the Company
Bagmane Prime Office REIT is a commercial real estate investment trust that owns and operates high-quality Grade A+ office parks in Bengaluru, one of India’s most prominent office hubs. Its portfolio is strategically located across key micro-markets in the city and is largely leased to multinational corporations and leading global technology firms. Its portfolio consisted of six Grade A+ business parks, spanning a total area of 20.3 million sq. ft., with a leasable area of 19.6 million sq. ft. The assets reported a strong committed occupancy level of 97.9%. The portfolio includes a mix of completed properties, ongoing developments, planned future projects, as well as associated assets such as hotels and solar power installations. The tenant mix features major global companies including Google, Amazon, Nvidia, along with other multinational players across the technology and allied sectors. The REIT follows a leasing approach centered on long-term partnerships, customized built-to-suit spaces, and opportunities for tenant expansion within its existing parks.
Company Financials (₹ Cr)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 7,674.82 | 7,238.48 | 6,816.04 | 6,296.89 |
| Total Income | 1,959.79 | 2,390.88 | 2,237.33 | 2,002.52 |
| Profit After Tax | 829.02 | 897.10 | 809.36 | 758.70 |
| Reserves and Surplus | 2,677.35 | 1,579.71 | 1,224.27 | 1,288.74 |
Key Ratios
NAV
₹0.92
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park 1,420.00 2 Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL 820.00 3 General purposes 71.70 4 Issue Expenses 100.10 Total 2,411.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,002.52 Cr in the year ended 31 Mar 2023, rising to ₹2,237.33 Cr by 31 Mar 2024. However, it declined to ₹2,390.88 Cr by 31 Mar 2025, and further decreased to ₹1,959.79 Cr in the period ending 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹758.70 Cr in the year ended 31 Mar 2023, increasing to ₹809.36 Cr by 31 Mar 2024. It then rose to ₹897.10 Cr by 31 Mar 2025, before falling to ₹829.02 Cr in the period ending 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the price at which shares are being traded in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the IPO is expected to list at a premium, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the stability of cash flows, the quality of the underlying assets, and the management track record. It's important to consider how this REIT fits into your overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed short-term returns might want to avoid this IPO. Additionally, those unfamiliar with the real estate sector or the specific dynamics of REITs may find this investment less suitable.
IPO Timeline, Explained
The IPO opens for subscription on 5 May 2026 and closes on 7 May 2026. Allotment of shares will be done on 12 May 2026, with the listing date set for 14 May 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the IPO. Investors should be aware that the stock may not perform as expected on the listing day.
This evaluation is generated from Bagmane REIT's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bagmane REIT IPO GMP today?
Bagmane REIT IPO GMP today is +₹4.0 (4.0%), indicating an estimated listing price of ₹104. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bagmane REIT IPO?
The price band of Bagmane REIT IPO is ₹95.0–₹100.0 per share.
When does Bagmane REIT IPO open and close?
Bagmane REIT IPO opens on 05 May 2026 and closes on 07 May 2026.
When does Bagmane REIT IPO list on the stock exchange?
Bagmane REIT IPO listed on 14 May 2026 at ₹104.0.
What is the price band for the Bagmane REIT IPO?
The price band for the Bagmane REIT IPO is ₹95.0 to ₹100.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹15,000.
When does the Bagmane REIT IPO open and close?
The Bagmane REIT IPO opens on 5 May 2026 and closes on 7 May 2026.
What does GMP mean in the context of an IPO?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial market trading.
When is the listing date for Bagmane REIT?
The listing date for Bagmane REIT is 14 May 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 May 2026
Close
07 May 2026
Allotment
12 May 2026
Listing
14 May 2026
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