Worry about an impending $eluge?
28 Apr 2026
Bengaluru-based Bagmane Prime Office REIT has filed its Offer Document (OD) to raise up to ₹3,405 crore through an Initial Public Offering (IPO). The proposed offer comprises a fresh issue of units aggregating up to ₹2,390 crore and an offer for sale (OFS) of units worth up to ₹1,015 crore by the selling unitholder.
The offer is scheduled to open on Tuesday, May 5, 2026, and close on Thursday, May 7, 2026, with the Anchor Investor Bid/Offer period set for Monday, May 4, 2026.
The REIT’s portfolio consists of 6 premium Grade A+ business parks totaling 20.3 million sq ft (msf) of total area located in Bengaluru’s best-performing micro-markets, specifically the Outer Ring Road (ORR) and the Secondary Business District (SBD City). As of December 31, 2025, the portfolio boasts a 98.8 per cent committed occupancy, the highest among Indian office REITs post-listing, and hosts marquee global giants such as Google, Amazon, Nvidia, and Samsung. In addition to its core office assets, the portfolio features two under-construction hotels (607 keys) and four solar power projects with an aggregate capacity of 164.4 MW (DC).
The Book Running Lead Managers for the offer are JM Financial Ltd, Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, IIFL Capital Services Ltd, SBI Capital Markets Ltd, 360 ONE WAM Ltd, and HDFC Bank Limited.
Published on April 28, 2026
