Upcoming IPOs: Investors Eye ₹3,491 Crore in Public Issues Next Week
IPO Calendar: Rs 3,491 crore up for grabs for investors as 3 issues to open next week
The Economic TimesImage: The Economic Times
Next week, investors can participate in public issues totaling ₹3,491 crore, led by the ₹3,405 crore Bagmane Prime Office REIT. This offering features premium commercial assets in Bengaluru, with strong backing from multinational tenants. Two smaller SME IPOs will also open, testing market appetite.
- 01Bagmane Prime Office REIT aims to raise ₹3,405 crore, opening on May 5.
- 02The REIT's portfolio includes six Grade A+ business parks in Bengaluru.
- 03Value 360 Communications and Recode Studios are launching SME IPOs, raising ₹41.7 crore and ₹44.6 crore respectively.
- 04The REIT's tenant list includes major companies like Google and Amazon.
- 05Analysts expect strong institutional interest if pricing remains attractive.
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Investors will have the opportunity to engage in public issues worth ₹3,491 crore next week, primarily driven by the Bagmane Prime Office REIT, which aims to raise ₹3,405 crore. This REIT, which opens for subscription on May 5 and closes on May 7, features a portfolio of six Grade A+ business parks in Bengaluru, boasting a committed occupancy rate of 97.9% as of June 2025. Notably, its tenants include global giants such as Google, Amazon, and Nvidia, highlighting the demand for premium office spaces from multinational firms. The financials of the trust are robust, reporting a profit after tax of ₹829 crore for the nine months ending December 2025. The proceeds from the IPO will be utilized to acquire strategic office assets, enhancing rental income visibility.
In addition to the REIT, two smaller SME offerings will test the market's risk appetite. Value 360 Communications will open its IPO on May 4, aiming to raise ₹41.7 crore, while Recode Studios will follow on May 5, seeking ₹44.6 crore. Together, these SME offerings will contribute just over ₹86 crore to the total fundraising for the week. Analysts believe that if the pricing for the REIT remains attractive, institutional participation could be strong, especially as investors seek yield-focused products amid volatile equity markets.
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The upcoming IPOs, particularly the Bagmane Prime Office REIT, could provide investors with a stable yield option amid volatile equity markets, potentially influencing investment strategies for both retail and institutional investors.
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