Bagmane REIT is a book-built REIT issue aiming to raise ₹3,405.00 crore. It comprises a fresh issue of 23.90 crore shares aggregating to ₹2,390.00 crore and an offer for sale of 10.15 crore shares amounting to ₹1,015.00 crore. The bidding window was open from May 5, 2026, to May 7, 2026, with the allotment expected to be finalised on May 12, 2026. Bagmane Prime Office REIT is scheduled to list on BSE and NSE on May 15, 2026.
The REIT issue was priced at ₹95-₹100 per share. The public issue received bids for 3,50,77,38,150 shares against 14,05,24,950 shares available, resulting in an overall subscription of 24.96 times. Qualified Institutional Buyers led the response, subscribing 26.58 times their quota, followed by Non-Institutional Investors at 22.82 times.
Bagmane Prime Office REIT’s ₹3,405.00 crore issue, priced at ₹95-₹100 per share, was subscribed 24.96 times overall. The issue consists of a fresh issue of 23.90 crore shares aggregating to ₹2,390.00 crore and an offer for sale of 10.15 crore shares amounting to ₹1,015.00 crore.
Bidding took place from May 5 to May 7, 2026, with the Bagmane Prime Office REIT allotment status expected on May 12, 2026. Qualified Institutional Buyers subscribed 26.58 times and Non-Institutional Investors subscribed 22.82 times their reserved portions. The REIT is expected to list on May 15, 2026.
The table below breaks down the Bagmane REIT share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 191624745 |
| − Anchor Investor Shares Offered | 114974850 |
| − QIB (Ex. Anchor) Shares Offered | 76649895 |
| NII (HNI) Shares Offered | 63875055 |
| Total Shares Offered | 255499800 |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 26.58 |
| Non-Institutional Investors (NII) | 22.82 |
| Total | 24.96 |
Note: The subscription details are as of May 7, 2026
Bagmane Prime Office REIT is a commercial office real estate investment trust focused on owning and managing premium Grade A+ business parks in Bengaluru. The portfolio is concentrated across key office micro-markets in the city and is primarily leased to multinational corporations and global technology companies.
The REIT operates within one of India’s largest office leasing markets, supported by strong demand from technology and global capability centre occupiers. Its portfolio strategy focuses on high-quality office infrastructure and long-term tenant relationships.
As of June 30, 2025, the portfolio comprised 6 Grade A+ business parks with a total area of 20.3 million sq. ft. and a leasable area of 19.6 million sq. ft. The portfolio reported a committed occupancy of 97.9%, reflecting strong leasing performance and tenant retention.
Along with completed office assets, the portfolio also includes under-construction developments, future development projects, hotels, and solar power projects. This diversified asset base supports long-term growth opportunities within commercial real estate segment.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 7, 2026, 6:47 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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