Bagmane REIT IPO
Bagmane REIT IPO Listing Day Performance
Bagmane REIT listed on BSE & NSE on 15 May 2026 at ₹103.50, a 3.5% premium over the issue price of ₹100. A retail investor allotted one lot of 150 shares gained ₹525 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹5 (+5%) |
| GMP-implied listing | ₹105 |
| Actual listing | ₹103.50 |
| Difference | −₹1.5 (−1.4%) |
Demand going into listing
| Subscribed overall | 24.96× |
| QIB | 26.58× |
| NII | 23.02× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.69x | 0.94x | 26.58x |
| Others | 0.74x | 4.03x | 23.02x |
| Total | 0.71x | 2.35x | 24.96x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 2,002.52 | 2,237.33 | 2,390.88 | 1,959.79 |
| Expense | 859.78 | 1,011.80 | 1,047.06 | 717.21 |
| Profit (PAT) | 758.70 | 809.36 | 897.10 | 829.02 |
| Total Assets | 6,296.89 | 6,816.04 | 7,238.48 | 7,674.82 |
Strengths & Risks
- Heavily oversubscribed — 25.0x overall (so far).
- Strong institutional (QIB) demand — 26.6x.
- Solid profit margin — 37.5%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for Bagmane REIT — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Bagmane REIT
Bagmane Prime Office REIT is one of the growing Commercial real estate investment trusts, with 30 years of experience in managing and developing large-format Grade A office assets. This Bengaluru-based company owns and manages large Grade A commercial buildings, located mainly in important areas of the city, and earns money by renting out to big international companies. Bagmane Prime Office REIT has a total leasable area of 19.6 million sq. ft. across 6 business parks, with 98.8% committed occupancy and over 60 tenants. The company manages various types of properties, such as under-construction developments, future development projects, hotels, and solar power projects. So far, its properties are leased to big global companies like Google, Amazon, Nvidia, and other multinational companies.
Company Contact Information
Bagmane Prime Office REIT, 5th Floor, ‘B’ Block,, Laurel Building, C.V. Raman Nagar,, Bagmane Tech Park,, Bengaluru, Karnataka, 560093
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park | 1,77,50,00,000.00 |
| Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL | 1,02,50,00,000.00 |
| General purposes | - |
Resources & Documents
Anchor Investors
Bagmane REIT IPO - Quick Take
Bagmane REIT has set a price band of Rs 95–Rs 100 per share for an issue size of Rs 3,405 crore. The stock listed with a 3.50% gain versus its issue price on May 15, 2026.
The issue is promoted by To be updated soon with JM Financial Ltd., Kotak Mahindra Capital Co.Ltd., Axis Capital Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd., HDFC Bank Ltd. acting as lead manager. Net proceeds will primarily be used towards acquisition by BDPL of Luxor @ Bagmane Capital Tech Park (Rs 1,77,50,00,000 crore) and part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL (Rs 1,02,50,00,000 crore).
On fundamentals, the company is posting revenue growth of 6.9%, a profit margin of 37.5% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Bagmane REIT IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 5%. Of the 36 Mainboard IPOs we have tracked with a final GMP under 10%, 23 listed above, 6 flat and 7 below the issue price; Bagmane REIT listed 3.5% above its issue price.
See the full Bagmane REIT GMP history and trend, or learn how grey market premium works and how reliable it is.
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