BSE List Price : ₹103.40

NSE List Price : ₹103.50

subscription

Category	Times
QIBs	26.58x
HNIs	0.99x
Retail	23.02x
Total : 24.96x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	150	₹15,000

About the Company

Offer document and NAV as of September 30, 2025 (as per stock exchange filings). For Mindspace Business Parks REIT, the NAV has been adjusted to reflect acquisitions of The Square Avenue 98 (BKC Annex), Ascent–Worli, and an office property in Pune, all completed on January 9, 2026. In the case of Brookfield India Real Estate Trust, the NAV represents a proforma figure incorporating the acquisition of Ecoworld, Bengaluru, as detailed in the acquisition presentation. The premium or (discount) to NAV (%) is based on the closing unit price on the NSE as of April 22, 2026, and is computed as (Unit Price ÷ NAV) minus one.

About Bagmane Prime Office REIT
Bagmane Prime Office REIT is a real estate investment trust formed as a contributory, determinate, and irrevocable trust on May 30, 2025, in Bengaluru under the Indian Trusts Act, 1882. It received registration from SEBI on July 15, 2025, in accordance with REIT Regulations.

The REIT is sponsored by BRI LLP (Bagmane Group). Bagmane Realty Investment Manager Private Limited serves as the Manager, while Axis Trustee Services Limited acts as the Trustee.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹2002.52	₹859.78	₹758.70	₹6296.89
2024	₹2237.33	₹1011.80	₹809.36	₹6816.04
2025	₹2390.88	₹1047.06	₹897.10	₹7238.48
Dec 2025	₹1959.79	₹717.21	₹829.02	₹7674.82

Company Promoter

Bagmane Realty and Infrastructure LLP

Know before investing

• • Strengths

  High-Quality, Well-Located Portfolio: Owns and operates Grade A+ business parks in Bengaluru, characterized by strong occupancy levels and presence in leading micro-markets. The portfolio is further strengthened by diversification across office spaces, hospitality assets, and solar projects.

  Seasoned Leadership Team: Guided by an experienced management team with deep expertise in real estate, encompassing development, leasing, operations, and financial management.

• • Risks

  Formation Transaction & Liability Risk: The completion of asset acquisitions depends on obtaining necessary approvals and meeting specified conditions. Any delays or inability to complete these transactions could affect the execution of the offer, while any liabilities taken on may impact profitability and distributions.

  Rental & MTM Realization Risk: Actual rental income may fall short of projected market rates, and expected mark-to-market gains may not materialize, which could adversely affect cash flows and overall returns.

Objects of the Issue & Utilisation of proceeds

Acquisition by BDPL of Luxor @ Bagmane Capital Tech Park.

Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL.

General purposes.

Company  Address

Bagmane Prime Office REIT
5th Floor, ‘B’ Block,
Laurel Building, C.V. Raman Nagar,
Bagmane Tech Park,
Bengaluru, Karnataka, 560093
Phone:+91 80 4032 9901
Email: reitcompliance@bagmanereit.com
Website: https://www.bagmanereit.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

May Apply