- By Aditya Pratap Singh
- Wed, 06 May 2026 03:01 PM (IST)
- Source:JND
Bagmane Prime Office REIT Subscription Status: The initial share sale of Bagmane Prime Office REIT was fully subscribed on Day 2 of the subscription on Wednesday. According to NSE data, the initial share sale was subscribed to over 1.07 per cent till 12:00. Meanwhile, the grey market premium (GMP) of the IPO remained subdued.
Bagmane Prime Office REIT IPO Subscription Status
Till the above-mentioned time, the IPO received bids for 15,77,45,400 shares as compared to 14,79,21,000 total offered shares.
Total Subscription- 1.07 times
Institutional investors - 0.77 times of 77 per cent
Other Investors - 1.42 times
Bagmane Prime Office REIT IPO GMP
According to Investorgain, the latest GMP today for the Bagmane REIT IPO is Rs 4.2. This means the shares will likely to list at Rs 104. 2, up 4.20 per cent against the IPO's price band of 100.
IPO Details
Bagmane Prime Office REIT has secured about Rs 1,150 crore from anchor investors.
Issue Size: The company aims to raise Rs 3,405-crore public issue.
Bidding Dates: May 5 To May 7
The price band: The company fixed a price band at Rs 95-100 per unit.
Fresh Issue And Offer For Sale
The Bengaluru-based real estate investment trust (REIT) owns and develops Grade A+ office properties.
The IPO is a fresh issue of units worth up to Rs 2,390 crore and an Offer for Sale (OFS) of up to Rs 1,015 crore for sale by unit owners. The proceeds will be used for the acquisition of Luxor in Bugman Capital Tech Park (with an area of 1 million sq ft) and for the acquisition of a 93 per cent stake in Bugman Rio, which owns the 1.1 million sq ft Bugman Rio Business Park.