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Bagmane Prime Office REIT IPO Review

Bagmane Prime Office REIT IPO has been reviewed by 2 analysts, and the overall consensus is Strong Apply — carrying a score of 100. Out of the 2 analysts who have covered this IPO, 2 recommend subscribing — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹95-100 per share. Subscription ran from 05 May 2026 to 07 May 2026. The issue size is ₹3,405 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Bagmane Prime Office REIT IPO is quoting at ₹4 (4%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
100/ 100
Strong Apply 2 of 2 recommend subscribing
How analysts voted
Apply 2
Not rated 4

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Bagmane Prime Office REIT was established in May 2025 to own and manage income-generating Grade A commercial office assets. Net operating income was ₹2,084.37 crore in FY25. Being a REIT, most coverage did not assign a rating: one of the five analysts said subscribe and four gave no rating, one citing compliance restrictions.

Listing gains

A REIT is judged on yield rather than earnings multiples. The notes put the payout yield at the ₹100 upper price band at 6.2 percent, rising to 6.4, 6.9 and 7.5 percent across the projection years. With only one rated view available, the coverage offered little guidance on listing day movement.

Short-term strategy

Projected cash flow from operations rises steadily from ₹2,136 crore to ₹2,291 crore and beyond in the notes' estimates, supporting the distribution. For a REIT, near-term returns come mainly from that payout rather than price movement, so the 6.2 percent starting yield is the practical short-term expectation.

Long-term strategy

The notes describe it as a vehicle for investors seeking defensive yields with long-term capital appreciation, supported by an acquisition pipeline under right of first offer and high tenant stickiness from build-to-suit arrangements. That same build-to-suit concentration is also flagged as a possible constraint on re-leasing flexibility.

How this is written: an AI-assisted summary of the 6 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Analyst Verdict Report
Not Rated PDF
Not Rated PDF
Apply PDF
Apply PDF
Not Rated PDF
Not Rated PDF

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Bagmane Prime Office REIT IPO?

The analyst consensus for Bagmane Prime Office REIT IPO tracked on this page is Strong Apply, with a score of 100/100. Out of 2 analysts who have reviewed this IPO, 2 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 100 mean for Bagmane Prime Office REIT IPO?

The score of 100 is an aggregate of all analyst ratings tracked for Bagmane Prime Office REIT IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Bagmane Prime Office REIT IPO?

Bagmane Prime Office REIT IPO listed on May 15, 2026 at ₹103.50, against the issue price of ₹100 — a gain of +3.5% (₹3.5 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Bagmane Prime Office REIT IPO?

Bagmane Prime Office REIT IPO was priced at ₹95-100 per share. Subscription ran from 05 May 2026 to 07 May 2026.

Explore Bagmane Prime Office REIT IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Bagmane Prime Office REIT IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
100 / 100
Listed at
₹103.50
Full IPO details
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