Bagmane Prime Office REIT
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Bagmane Prime Office REIT IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
150 Shares
Minimum Investment
₹15,000
Issue Size
₹3,405 Cr
Face Value
₹100
Per ShareIPO Type
Book Building-REITs
Retail Quota
0%
QIB Quota
75%
NII Quota
25%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Bagmane Prime Office REIT
Business model, operations, and market positioning.
Issue Type
Book Building-REITs
ISIN
INE2OVN25015
About the Company
The REIT owns and manages premium Grade A+ business parks located in the world's best performing micro-markets in terms of cumulative net absorption from CY2021 to CY2025 in Bengaluru, the "Silicon Valley" of India, according to the JLL Report. Its Portfolio comprises 20.3 msf of Total Area and 19.6 msf of Leasable Area, with 98.8% Committed Occupancy as of December 31, 2025, which will be the highest among Indian office REITs post-listing, according to the JLL Report. Its tenant roster includes marquee foreign-headquartered multinational tenants such as Google, Amazon, a leading technology company and Nvidia, who rank among the largest companies globally in terms of market capitalization as of December 31, 2025, according to the JLL Report.
Company History
Registered in the Republic of India as a contributory, determinate and irrevocable trust on May 30, 2025 at Bengaluru, Karnataka, India under the Indian Trusts Act, 1882 and as a real estate investment trust on July 15, 2025 at Mumbai, Maharashtra, India under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, having registration number IN/REIT/25-26/0007
Products & Services
- The Company owns and manage premium Grade A+ business parks located in the world's best performing micro-markets in terms of cumulative net absorption from CY2021 to CY2025 in Bengaluru, the "Silicon Valley" of India.
Growth Strategy
- Capitalize on its Portfolio's embedded organic growth and new development opportunities.
- Value-accretive acquisition strategy to support its future growth, supported by its robust balance sheet.
- Proactive asset and property management to enhance value.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 340,500,000 Units of Bagmane Prime Office REIT ("Bagmane REIT") at a price of Rs. 100 per Unit aggregating to Rs. 3405.00 Crores, consisting of a fresh issuance of 239,000,000 Units by the Bagmane REIT aggregating to Rs.2390.00 Crores ("Fresh Issue") and an offer for sale of 101,500,000 Units by the ("Selling Unitholder") aggregating to Rs. 1015.00 Crores ("Offer for Sale" and together with the Fresh Issue, the "Offer"). Price Band: Rs. 100 per Unit. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Difficult-to-replicate assets strategically located in the best performing micro-markets globally in terms of cumulative net absorption in Bengaluru, recording a best-in-class occupancy.
- Strong tenant relationships with a leading share of GCC and multinational tenants across diversified sectors with a high tenant Retention Rate.
- Located in India, the world's fastest growing major economy with the services sector serving as a pivotal driver.
- Significant share of BTS assets comprising 42.8% of Completed Area (46.1% of Total Completed Development Area) across 21 buildings as of December 31, 2025, creating a stable and resilient Portfolio.
- Premium assets, robust campus-style infrastructure and amenities, supported by integrated asset maintenance services.
- The Formation Transactions will only be given effect to after the Bid/ Offer Closing Date and the company ability to consummate these transactions will impact the size of the Offer and the ability of the Manager to complete this Offer. Further, its will assume existing liabilities in relation to our Portfolio Assets, which if realized may impact the trading price of the Units and our profitability and ability to make distributions.
- The company actual results may be materially different from the expectations expressed or implied, or the Projections, included in this Offer Document. Accordingly, investors should not place undue reliance on, or base their investment decision solely on this information.
- The actual rents the comapny receive for the properties in its Portfolio may be less than the estimated Asset Market Rents for future leasing, and the company may not achieve our MTM Potential at the levels its expect, or at all, which could adversely affect its business, results of operations, financial condition and cash. flows.
- The company do not provide any assurance or guarantee of any distributions to the Unitholders. Its may not be able to make distributions to Unitholders in the manner described in this Offer Document or at all, and the level of distributions may decrease.
- After the completion of the Offer and the listing of the Units, its may obtain additional external debt financing, from time to time, to finance the company Portfolio Assets' business and financing requirements. The terms of this financing may limit its ability to make distributions to the Unitholders.