Bengaluru-based Bagmane Prime Office REIT has submitted its Offer Document (OD) to raise up to ₹3,405 crore through an Initial Public Offering (IPO). This offer includes a fresh issue of units totaling approximately ₹2,390 crore and an offer for sale (OFS) of units amounting to ₹1,015 crore by the selling unitholder.
The IPO is set to open on Tuesday, May 5, 2026, and will close on Thursday, May 7, 2026, with the Anchor Investor Bid/Offer period designated for Monday, May 4, 2026.
The REIT’s portfolio encompasses six premium Grade A+ business parks, spanning a total area of 20.3 million square feet (msf), strategically located in Bengaluru’s high-performing micro-markets, notably the Outer Ring Road (ORR) and the Secondary Business District (SBD City). As of December 31, 2025, the portfolio achieved a committed occupancy rate of 98.8%, the highest among Indian office REITs following their listing. It includes prominent global firms such as Google, Amazon, Nvidia, and Samsung as tenants. Additionally, the portfolio comprises two hotels currently under construction (607 keys) and four solar power projects with a combined capacity of 164.4 MW (DC).
The Book Running Lead Managers for the forthcoming offer include 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.
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