Bagmane Prime Office REIT IPO Shuts Solid
The Blackstone-backed Bagmane Prime Office REIT IPO ended today, adhering to a three-day subscription duration that began on Tuesday. The IPO, priced between 95 – 100 per unit, saw robust capitalist interest, accomplishing an oversubscription price of 3 48 x.
Trick realities:
- Increased 1, 150 crore from anchor investors.
- Portfolio includes 20 3 million sq feet of Quality An office in Bengaluru.
- Grey market premium suggests a listing price of 104 per share.
- Funds to be made use of for purchases including Luxor and Bagmane Rio Organization Park.
The REIT joins a growing industry, using investors accessibility to income-generating real estate.