Bagmane Prime Office REIT IPO Day 2: Check GMP, Subscription Status & Key Highlights
Bagmane Prime Office REIT has launched its book-built issue of ₹3,405 crore. This total comprises a ₹2,390 crore fresh issue and a ₹1,015 crore offer for sale (OFS). The REIT IPO will remain open until Thursday, May 7, 2026, for public subscription. The allotment process is expected to be finalised on Tuesday, May 12, 2026, and the shares are set to be listed on the BSE and NSE.
Bagmane Prime Office REIT IPO - Issue Details
- Issue Type: Book Building REIT
- Total Issue size: Agg. up to ₹3,405 crores
- Fresh Issue: Agg. up to ₹2,390 crores
- Offer for sale (OFS): Agg. up to ₹ 1,015 crores
- Price Band: ₹95 to ₹100 per share
- Lot Size: 150 shares
- Book Running Lead Managers: JM Financial Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), SBI Capital Markets Limited, 360 ONE WAM Limited, HDFC Bank Limited.
- Registrar: KFin Technologies Limited
- Listing: NSE, BSE
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Bagmane Prime Office REIT IPO Day 2 Subscription Status
[May 6, 2026, 11:00 AM]
|
Category |
Subscription (Times) |
|
Institutional Investors |
0.69 |
|
Other Investors |
0.74 |
|
Total |
0.71 |
Utilisation of Proceeds
The Company will utilise the Net Proceeds from the Fresh Issue towards the following purposes:
- Part funding of acquisition by BDPL of Luxor @ Bagmane Capital Tech Park.
- Part funding of the acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL.
- General Corporate Purposes.
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Bagmane Prime Office REIT IPO GMP
As per media reports, the Grey Market Premium (GMP) of OnEMI Technology Solutions is reported at ₹4.25 per share.
About Bagmane Prime Office REIT
Bagmane Prime Office REIT is a Bengaluru-focused Real Estate Investment Trust specialising in high-quality, Grade A+ commercial business parks. It earns stable rental income by leasing premium office space to multinational tech firms like Google, Amazon, and Nvidia.
The REIT's portfolio, with a 98.8% occupancy rate, is strategically located in key tech micro-markets. It features six major business parks totalling 20.3 million sq. ft., encompassing completed buildings, projects under construction, future development sites, and supplementary assets like hotels and solar power projects.
In FY2025, the company recorded a 7.5% year-over-year (YoY) increase in revenue from operations, rising to ₹2370.75 crore from ₹2205.37 crore in FY2024. Concurrently, the EBITDA margin expanded to 80.4% in FY2025 from 78.9% in FY2024.
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