NSE has issued a circular informing members about the forthcoming listing of units of Bagmane Prime Office REIT on the Exchange under the REITs IPO category. The security will trade under the symbol BAGMANE with ISIN INE2OVN25015. The specific listing date has not been disclosed in this circular and will be communicated separately.

Key Points

• Bagmane Prime Office REIT units are scheduled to be listed on NSE
• Trading symbol: BAGMANE
• ISIN: INE2OVN25015
• Security type: REIT (Real Estate Investment Trust) units via IPO
• Exact listing date to be announced through a separate circular
• Circular issued by NSE Listing Department under Ref No. NSE/CML/74171

Regulatory Changes

No regulatory changes introduced. This is a procedural listing announcement informing exchange members of an upcoming security listing.

Compliance Requirements

Exchange members are advised to note the forthcoming listing of Bagmane Prime Office REIT units and prepare accordingly for trading once the listing date is formally announced via a subsequent circular.

Important Dates

• Circular Date: May 13, 2026
• Listing Date: To be announced via a separate circular

Impact Assessment

The listing of Bagmane Prime Office REIT on NSE expands the available REIT instruments for investors seeking exposure to commercial office real estate in India. Members and investors should monitor NSE communications for the formal listing date announcement. The REIT structure offers regulated, exchange-traded access to real estate assets, which may attract institutional and retail investors diversifying into alternative asset classes.

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.

BSE has issued Notice No. 20260513-29 dated 13 May 2026 announcing the listing of units of Bagmane Prime Office REIT on the Exchange. This notice is issued by the DCS-Listing department under the Equity segment and includes relevant annexures for market participants.

Key Points

• BSE Notice No. 20260513-29 announces the listing of Bagmane Prime Office REIT units
• The listing falls under the Equity segment, Company-related category
• Issued by the DCS-Listing department on 13 May 2026
• Annexures are attached to provide additional listing details
• Bagmane Prime Office REIT is a Real Estate Investment Trust focusing on office properties

Regulatory Changes

No new regulatory changes are introduced. This notice formalizes the admission of Bagmane Prime Office REIT units to trading on BSE, in compliance with SEBI REIT regulations and BSE listing requirements.

Compliance Requirements

• Market participants, brokers, and trading members should take note of the new REIT listing
• Investors should review the attached annexures for specific trading parameters, lot sizes, and other listing details
• All trading in Bagmane Prime Office REIT units must comply with applicable SEBI and BSE regulations for REITs

Important Dates

• Notice Date: 13 May 2026
• Listing Date: 13 May 2026 (as indicated by the notice date and standard BSE listing procedure)

Impact Assessment

The listing of Bagmane Prime Office REIT on BSE is a high-impact event for the real estate investment trust market in India. It provides retail and institutional investors with an opportunity to invest in commercial office real estate through an exchange-traded instrument. The listing expands the REIT universe available on BSE, increases market depth in the REIT segment, and may attract interest from income-seeking investors given REITs’ mandatory distribution requirements. Brokers and trading members will need to update their systems to accommodate trading in the new REIT units.