Bagmane Prime Office REIT, backed by global investment firm Blackstone, is set to list on the stock exchanges on May 6, 2026. The initial public offering (IPO) has garnered strong investor interest, with the grey market premium (GMP) indicating a healthy listing gain. As of today, the GMP for Bagmane Prime Office REIT is hovering around a premium, suggesting a positive debut on the bourses.
IPO Details and Subscription Status
The IPO of Bagmane Prime Office REIT was open for subscription from April 29 to May 2, 2026. The issue price was set in the range of Rs 275 to Rs 280 per unit. The offering received an overwhelming response from investors, with the overall subscription crossing multiple times across all categories. Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs) all showed keen interest.
Grey Market Premium (GMP) Today
According to market observers, the current GMP for Bagmane Prime Office REIT is around Rs 35-40 per unit, implying a listing gain of approximately 12-14% over the upper price band. The GMP is an unofficial indicator of market sentiment and can fluctuate based on demand and market conditions. Investors are advised to check the latest GMP before making any decisions.
Allotment Status and Listing
The basis of allotment for Bagmane Prime Office REIT IPO is expected to be finalized on May 5, 2026. Investors can check the allotment status on the official website of the registrar, KFin Technologies, or on the BSE and NSE websites. The refunds for non-allottees will be initiated on the same day. The equity units will be credited to the demat accounts of successful allottees on May 5, 2026. The trading in Bagmane Prime Office REIT units will commence on May 6, 2026, on both BSE and NSE.
About Bagmane Prime Office REIT
Bagmane Prime Office REIT is a real estate investment trust sponsored by Blackstone and the Bagmane Group. The REIT owns a portfolio of commercial office properties located in prime business districts of Bangalore, including Bagmane Tech Park and Bagmane Capital. The properties are leased to high-quality tenants, including multinational corporations and technology firms. The IPO proceeds will be used for repayment of debt and future acquisitions.
Experts believe that the strong demand for the IPO is driven by the quality of assets, stable rental income, and the track record of the sponsor. The listing is expected to be a significant event for the Indian REIT market, which has seen growing investor participation.
