Description

NSE circular announcing the listing of units of Bagmane Prime Office REIT (ISIN: INE2OVN25015) following its IPO, with post-issue unit holding pattern as of 12 May 2026.

Summary

NSE has announced the listing of units of Bagmane Prime Office REIT (ISIN: INE2OVN25015) following the completion of its Initial Public Offering (IPO). The post-issue unit holding pattern dated 12 May 2026 has been disclosed, showing the sponsor and associated entities hold a dominant 82.81% stake.

Key Points

  • Bagmane Prime Office REIT units are being listed on NSE under ISIN INE2OVN25015
  • Total sponsor/sponsor group holding: 2,81,55,34,147 units (82.81% of total outstanding units)
  • Sponsor-related individuals (Individuals/HUF) hold 24,61,742 units (0.07%)
  • Sponsor-related Bodies Corporates hold 2,81,30,72,405 units (82.74%)
  • All sponsor-held units are mandatorily locked-in (100% of their holding)
  • No units pledged or encumbered by the sponsor group
  • Public institutional holdings include Mutual Funds with 5,41,98,424 units (1.59%) and Financial Institutions with 1,20,66,037 units (0.35%)

Regulatory Changes

No regulatory changes introduced. This circular pertains to a new listing event under existing SEBI REIT regulations.

Compliance Requirements

  • Market participants and trading members must note the new REIT listing and its unit holding pattern
  • Sponsor units are subject to mandatory lock-in requirements as per SEBI REIT Regulations
  • Members dealing in REIT units must comply with applicable trading and settlement norms for REITs on NSE

Important Dates

  • Post-issue holding pattern date: 12 May 2026
  • Circular date: 13 May 2026

Impact Assessment

The listing of Bagmane Prime Office REIT introduces a new real estate investment trust on NSE, expanding the REIT market in India. With 82.81% held by the sponsor group under mandatory lock-in, the free float is limited, which may affect liquidity in early trading. Public institutional investors including mutual funds hold approximately 1.59%, with the remaining public float available for retail and other investors. Investors should note the concentrated sponsor ownership and lock-in status when assessing trading liquidity.

Impact Justification

New REIT IPO listing on NSE is a significant market event introducing a new investable instrument; sponsor holds 82.81% of units post-issue.