Bagmane Prime Workplace REIT IPO Closes Solid
The Blackstone-backed Bagmane Prime Workplace REIT IPO wrapped up today, following a three-day subscription duration that began on Tuesday. The IPO, priced in between 95 – 100 each, saw durable financier interest, achieving an oversubscription rate of 3 48 x.
Key facts:
- Raised 1, 150 crore from support financiers.
- Portfolio includes 20 3 million sq feet of Grade A workplace in Bengaluru.
- Grey market premium recommends a listing price of 104 per share.
- Funds to be utilized for purchases consisting of Luxor and Bagmane Rio Company Park.
The REIT signs up with a growing industry, using investors access to income-generating real estate.