Bagmane REIT IPO Listing Tomorrow (May 15) — What to Expect
After closing subscription on May 7, the Bagmane Prime Office REIT IPO is set for a tentative listing date of May 15, 2026. Here's a quick snapshot before the bell rings: India IPO
Price Band: ₹95–₹100 per unit | Book-Running Lead Manager: JM Financial | Registrar: KFin Technologies India IPO
GMP as of close: ₹4.5, indicating an estimated listing price of ₹104–₹104.50 — a potential gain of 4% to 4.5% for allottees. India IPO
Despite an unsteady stock market, the Bagmane REIT IPO drew strong investor interest, being subscribed 2.23 times overall, with non-institutional investors leading at 3.83 times. 50 anchor investors had already poured in ₹1,149.75 crore prior to the public issue. India IPO
This is notable because all this excitement came even as India's IPO market has been on mute in 2026, proving that premium office assets still have many takers on Dalal Street. India IPO
The Bigger Story: NSE IPO Is Coming — And It's a Monster
If Bagmane REIT is the appetiser, the NSE IPO is the banquet. The National Stock Exchange has settled major regulatory disputes with SEBI, clearing the path for its long-awaited listing. Following SEBI's No Objection Certificate (NOC) issued on January 30, 2026, NSE's board formally approved the IPO plan on February 6, 2026. Kotak Neo
The exchange is expected to file its Draft Red Herring Prospectus (DRHP) by June 2026, with a potential listing before December 2026, raising over ₹21,000–₹25,000 crore through an Offer for Sale (OFS). The listing could value the exchange at over ₹4.7–5 lakh crore. Kotak Neo
NSE shares are currently trading in the unlisted market at around ₹1,935 (as of April 25, 2026), with a 52-week range of ₹1,573–₹2,349. Kotak Neo
Upcoming IPOs on the radar: NFP Sampoorna Foods opens May 18–20 (listing May 25) at ₹52–₹55, and Teamtech Formwork Solutions opens May 19–21 (listing May 26) at ₹61–₹62. Zerodha