Bagmane REIT IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Financial Analysis
| 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 |
Promoters: To be updated soon
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.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| 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
Bagmane Prime Office REIT, 5th Floor, ‘B’ Block,, Laurel Building, C.V. Raman Nagar,, Bagmane Tech Park,, Bengaluru, Karnataka, 560093
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.
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.
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).
Grey market is quoting a premium of +Rs 5 (+5.0% over issue price), up Rs 1 from the previous session. Final subscription data records overall subscription at 24.96x, QIB at 26.58x, NII at 23.02x.
On fundamentals, the company is posting revenue growth of 6.9%, a profit margin of 37.5% in its most recent reported period.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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