Bagmane REIT IPO 2026: Bengaluru's Biggest Office REIT Hits Market; Check Price Band, Key Dates

The Bagmane REIT IPO 2026 is finally set to hit the market, making it one of the biggest real estate investment trust listings in India this year.

Backed by Bengaluru-based developer Bagmane Group, the Bagmane Prime Office REIT IPO comes with a total issue size of Rs. 3,405 crore and a strong portfolio of premium Grade A+ office assets. With top global tenants like Google, Amazon, and Nvidia, the IPO is already getting a lot of attention from the investor.

Bagmane REIT IPO 2026: Key Details Investors Must Know

The Bagmane REIT IPO is a book-built issue with a price band of Rs. 95 to Rs. 100 per unit. The IPO will open for subscription on May 5th,and close on May 7th with tentative listing scheduled on May 15 on both National Stock Exchange of India and BSE Limited.

The issue includes a fresh issue of Rs. 2,390 crore and an offer for sale (OFS) of Rs. 1,015 crore. The registrar for the IPO is KFin Technologies, while the lead manager is JM Financial.

This portfolio includes not just completed assets but also under-construction projects, future development land, hotels, and even solar power integration. This diversified asset mix offers both stable rental income and long-term capital growth potential, making it attractive for REIT investors.

Bagmane REIT IPO Structure

The Bagmane REIT IPO structure is split into two key components. The fresh issue of Rs. 2,390 crore will be used for debt repayment, asset acquisition, and development funding, while the OFS component of Rs. 1,015 crore will go directly to the sponsor.

At the upper price band of Rs. 100, the REIT is expected to command a strong valuation, driven by its high occupancy and premium asset base. Investors often look at such IPOs for steady income distribution, as REITs are required to distribute at least 90% of their income.

How Bengaluru Is Key to Bagmane REIT Growth

The success of Bagmane REIT is closely because of Bengaluru, India's largest office market for Global Capability Centres (GCCs). With over 1,700 GCCs in India and a large share in Bengaluru, demand for Grade A+ office space remains strong.

Limited supply in key areas like Outer Ring Road and Whitefield, combined with rising rentals and strong demand from global tech companies, makes Bengaluru a high-growth real estate market. This gives Bagmane REIT a strong long-term advantage.

How to Apply for Bagmane REIT IPO

Investors can apply for the IPO through platforms like Zerodha, Groww, Upstox, Angel One, or ICICI Direct etc

Step 1:Log in to your trading app
Step 2: Search for "Bagmane REIT IPO"
Step 3:Select price band Rs. 95-100 (cut-off for retail)
Step 4:Enter lot size and apply via UPI/ASBA