Ahmedabad: Bagmane Prime Office REIT, a Bengaluru-based commercial office REIT, comprising Grade A+ business parks, has fixed the price band for the 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, a press release stated.

As per the company, 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 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,” the statement said.

Lead Managers to the Offer are JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, 360 ONE WAM Limited and HDFC Bank Limited. Registrar to the Offer is Kfin Technologies Limited. The Units are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.