Bagmane Prime Office REIT IPO Closes Solid
The Blackstone-backed Bagmane Prime Office REIT IPO wrapped up today, adhering to a three-day subscription period that started on Tuesday. The IPO, valued in between 95 – 100 each, saw durable financier passion, accomplishing an oversubscription rate of 3 48 x.
Secret truths:
- Increased 1, 150 crore from anchor capitalists.
- Profile includes 20 3 million sq feet of Grade An office in Bengaluru.
- Grey market premium suggests a listing cost of 104 per share.
- Funds to be used for acquisitions including Luxor and Bagmane Rio Business Park.
The REIT joins an expanding market, offering investors access to income-generating realty.
