Bagmane Prime Office REIT (“REIT”), a Bengaluru-based commercial office REIT, comprising Grade A+ business parks, has fixed the price band for the [Offer} at ₹95 to ₹100 per Unit.
The Bid/Offer will open on Tuesday, May 05, 2026 and close on Thursday, May 07, 2026. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders other than Anchor Investors and Strategic Investors.
The initial public offer comprises a fresh issuance of Units aggregating up to ₹2,390 crore by the REIT (“Fresh Issue”) and an offer for sale of Units by BREP Asia III India Holding Co VIII Pte. Ltd. (an affiliate of Blackstone) aggregating upto ₹ 1,015 crore (“Offer for Sale” and together with the Fresh Issue, the (“Offer”). Primary proceeds from the Fresh Issue will be utilized to part-fund acquisition of Luxor at Bagmane Capital Tech Park, a premium 1.0 million square feet completed asset, as well as part-fund the acquisition of a 93% stake in Bagmane Rio Business Park, a marquee 1.1 million square feet building, which is completely leased to marquee foreign-headquartered multinational tenant.
The Offer is being made through the Book Building Process and in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) and the REIT Master Circular dated July 11, 2025, wherein not more than 75% of the Issue (excluding the Strategic Investor portion) shall be available for allocation on a proportionate basis to Institutional Investors and not less than 25% of the Issue (excluding the Strategic Investor portion) shall be available for allocation to Non-Institutional Investors, in accordance with the REIT Regulations.
The Sponsor to the REIT, Bagmane Realty and Infrastructure LLP (holding entity of the Bagmane Group), is one of India’s leading and Bengaluru’s largest pure play Grade A+ office owner and developer*. Axis Trustee Services Limited is the Trustee and Bagmane Realty Investment Manager Private Limited is the
Manager to the REIT.
