Bagmane Prime Office REIT IPO Achieves 16.50 Times Subscription
Bagmane Prime Office REIT IPO ends with 16.50 times subscription
Business Standard
Image: Business Standard
The Bagmane Prime Office Real Estate Investment Trust (REIT) IPO was significantly oversubscribed, receiving bids for 244 crore units, compared to 14.79 crore units available. The IPO, priced between ₹95 and ₹100 per share, aims to raise a total of ₹3,405 crore for acquisitions and corporate purposes.
- 01The IPO was subscribed 16.50 times, indicating strong investor interest.
- 02Institutional investors showed high demand with a subscription of 17.09 times.
- 03The total issue size of the IPO is ₹3,405 crore.
- 04Bagmane Prime Office REIT focuses on premium business parks in Bengaluru.
- 05The REIT's strong tenant profile includes multinational corporations contributing 98.7% to its rental income.
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The Bagmane Prime Office Real Estate Investment Trust (REIT) IPO saw an impressive subscription rate of 16.50 times, with bids totaling 244 crore units against 14.79 crore units on offer. The IPO opened on May 5, 2026, and closed on May 7, 2026, with a price band set between ₹95 and ₹100 per share. The total issue size is ₹3,405 crore, comprising a fresh issue of ₹2,390 crore and an offer for sale of ₹1,015 crore. The proceeds will primarily fund the acquisition of Luxor at Bagmane Capital Tech Park and a 93% stake in BRPL, along with general corporate purposes. Bagmane Prime Office REIT manages premium Grade A+ business parks in Bengaluru, attracting high-quality tenants, including multinational corporations. Its portfolio spans 20.3 million square feet, with a strong tenant profile contributing significantly to its revenues, which stood at ₹2,370.75 crore in FY25.
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The successful IPO indicates robust investor confidence in the commercial real estate sector, which could lead to increased development and job opportunities in Bengaluru.
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More about Bagmane Prime Office REIT
Bagmane Prime Office REIT IPO Sees Strong Demand, Subscribed 16.5 Times
Business Standard • May 7, 2026
Bagmane Prime Office REIT IPO Shows Strong Demand with 3.48x Subscription
Mint • May 7, 2026
Jhunjhunwala Trust Supports Bagmane Prime Office REIT Ahead of ₹3,405 Crore IPO
The Economic Times • May 5, 2026
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