Bagmane Prime Workplace REIT IPO Shuts Solid
The Blackstone-backed Bagmane Prime Workplace REIT IPO wrapped up today, complying with a three-day subscription duration that started on Tuesday. The IPO, valued in between 95 – 100 per unit, saw durable capitalist rate of interest, achieving an oversubscription price of 3 48 x.
Secret facts:
- Increased 1, 150 crore from support financiers.
- Portfolio includes 20 3 million sq ft of Grade An office in Bengaluru.
- Grey market premium suggests a listing rate of 104 per share.
- Funds to be used for purchases including Luxor and Bagmane Rio Business Park.
The REIT joins a growing market, offering financiers accessibility to income-generating realty.
