Initial Public Offering · Active
Bagmane
Prime Office REIT
Prime Office REIT
NSE Symbol: BAGMANE | Security Type: REIT | NSE Capital Market
Price Band
₹95 – ₹100
Total Issue Size
₹34,050 Mn
Issue Period
05–07 May 2026
Bid Lot
150 Units
Issue is Open for Subscription — Institutional, Strategic & Individual Investors
Opens
05 May 2026
Closes
07 May 2026
Modification
08 May (10–11 AM)
UPI Cutoff
08 May (12 PM)
Price Band
₹95 – ₹100
Per Unit
Total Issue Size
₹34,050 Mn
Fresh ₹23,900 Mn + OFS ₹10,150 Mn
Min Investment
₹15,000
150 units × ₹100 (cutoff)
Bid Lot
150 Units
And multiples thereof
What is a REIT? — Real Estate Investment Trust
REITs allow retail and institutional investors to invest in income-producing real estate assets — in this case, premium Grade-A office parks by Bagmane Developers. Unlike equity shares, REIT units represent proportionate ownership in the underlying real estate portfolio and distribute at least 90% of net distributable cash flows.
Office Real Estate 90%+ Distribution Mandate Strategic Investor Portion Anchor Allocation Included
📋
Issue Details
REIT · MAINBOARD | Symbol | BAGMANE Series RR |
| Security Type | Real Estate Investment Trust (REIT) |
| Issue Size | Fresh Issue: ₹23,900 Mn + OFS: ₹10,150 Mn Incl. Strategic Investors: 8,50,00,000 units | Anchor: 11,49,74,850 units |
| Price Range | ₹95 – ₹100 per Unit |
| Tick Size | ₹1 |
| Bid Lot | 150 Units and multiples thereof |
| Min Order Qty | 150 Units |
| Max Bid (Inst.) | 14,79,21,000 Units (multiples of 150) |
| IPO Timings | 10:00 AM – 5:00 PM |
| Sponsor Bank | Kotak Mahindra Bank Limited & Axis Bank Limited |
| Modification Period | 08 May 2026 — 10:00 AM to 11:00 AM |
| UPI Cutoff | 08 May 2026 — 12:00 PM |
| UPI Sub-category | IND (up to ₹5 Lakhs) |
| Categories | FI, IC, MF, FII, OTH, CO, IND, NOH |
⚡
Key Dates
Issue Opens
05 May 2026
Issue Closes
07 May 2026
Post Issue Mod.
08 May 2026
10:00 AM – 11:00 AM
UPI Cutoff
08 May 2026
12:00 PM (Noon)
Price Band
₹95 – ₹100
Min. Investment
₹15,000
150 units × ₹100
Investor Category
Institutional Investor
Max: 14,79,21,000 Units
in multiples of 150
At Lower Price Band Investor Category
Other Investor (IND/NOH)
UPI: up to ₹5 Lakhs
Bid in multiples of 150
Min 150 Units Book Running Lead Managers
KFin Technologies Private Limited
Selenium, Tower B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
M Murali Krishna +91 40 6716 2222 bagmane.reit@kfintech.com
⚠️ Bid Modification Notice: The dedicated window for bid modification (DP ID/Client ID or PAN ID, Bank code and Location code) on T+1 day (T being last day of bidding) shall not be available. Modification of selected fields shall be allowed during the bidding period of the IPO only.
SEBI Circular SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/086 dated 24 June 2022: All Syndicate Members / Registered Stock Brokers / DPs / RTAs shall use UPI as an additional payment mechanism for bids amounting to ₹5 Lakhs and below for applications in public issues by individual investors for all issues opening from 01 August 2022 onwards.
