Bagmane REIT IPO Listing 2026 – Allotment, Demat Credit & BSE SME Debut

Bagmane Prime Office REIT made a positive stock market debut with a listing gain of 3.50% on both BSE and NSE, as the shares opened at ₹103.50 against the IPO price. The IPO Grey Market Premium (GMP) was reported around ₹4 before listing. The public issue received a strong response from investors and was subscribed 24.96 times overall on the final day of bidding. The Qualified Institutional Buyers (QIB) category was subscribed 26.58 times, while the Non-Institutional Investors (NII) segment saw 22.82 times subscription. The retail investor portion remained subscribed over 0 times.

The Bagmane Prime Office REIT IPO received approval from SEBI to raise ₹3,405 crores through a combination of a fresh issue worth ₹2,390 crores and an Offer for Sale (OFS) of up to 10,15,00,000 equity shares. The company fixed the IPO price band at ₹95 to ₹100 per share. Under the retail category, investors received a minimum lot size of 150 shares in one lot. Retail investors were required to make a minimum investment of ₹15,000 to apply for the IPO.

Image Reference : https://www.nseindia.com/

Bagmane REIT IPO Listing Details 

Company Overview

Bagmane Prime Office REIT is one of Bengaluru’s leading Grade A+ commercial office space developers and managers with nearly 30 years of experience in the real estate sector. The company owns and manages premium business parks located in key commercial hubs of Bengaluru and serves more than 60 global and domestic tenants. Its portfolio includes around 19.6 million square feet of leasable office space with a strong committed occupancy rate of 98.8%. Along with office properties, the company also manages hotel assets and solar parks, which support its diversified growth strategy. Founded by Raja Bagmane in 1996, the group has established a strong presence in Bengaluru’s commercial real estate market through large-scale infrastructure development and long-term asset management.

As a Real Estate Investment Trust (REIT), Bagmane Prime Office REIT gives investors an opportunity to invest in premium commercial real estate assets without directly purchasing office properties. The company generates stable rental income by leasing office spaces to multinational companies and distributes a major share of this income to investors. The REIT is also focused on sustainability and responsible business practices, with goals such as achieving 100% renewable energy usage by 2030. The company has received several important certifications, including ISO 9001, ISO 14001, and WELL Health and Safety ratings, reflecting its strong commitment to quality, environmental responsibility, and workplace safety across its business parks and operations.