Bagmane Prime Office REIT IPO subscribed 71% on day 1

Blackstone-backed Bagmane Prime Office REIT’s IPO saw 71% subscription on its first day, attracting bids for 10.55 crore units. The Rs 3,405-crore issue, with a price band of Rs 95-100, aims to acquire office assets in Bengaluru. The REIT’s portfolio comprises six premium business parks.

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