Tag: Bagmane Prime Office REIT

CommercialLatest Stories

Bagmane Prime Office REIT Debuts at 3.5% Premium

NEW DELHI: Bagmane Prime Office REIT, backed by Blackstone, made a strong debut on the stock market on Thursday, listing with a premium of 3.5% over its issue price. On the NSE, the unit debuted at ₹103.50, marking a 3.5% increase from the issue price of ₹100, before settling at ₹103.10. On the BSE, the unit opened at ₹103.40, up by 3.4% from the issue price. The company’s market capitalization reached ₹35,071 crore on the NSE. Bagmane Prime Office REIT’s ₹3,405-crore initial public offering (IPO) was oversubscribed 23.71 times by the end of bidding on May 7, reflecting robust investor…

CommercialLatest Stories

Bagmane Prime Office REIT to Launch ₹3,405 Crore IPO May 5

NEW DELHI: Backed by Blackstone, Bagmane Prime Office REIT is set to launch its initial public offering (IPO) of Rs 3,405 crore, which is scheduled to open on May 5 and conclude on May 7. The anchor investor bidding will occur on May 4, as indicated in the offer document. The IPO includes a fresh issue of units worth up to Rs 2,390 crore and an offer-for-sale (OFS) of units totaling up to Rs 1,015 crore from the selling unitholder. Funds raised from the IPO will be used to acquire Luxor at Bagmane Capital Tech Park (comprising one million sq…

IndustryLatest Stories

CCI Approves Bagmane Prime Office REIT’s Stake Acquisition

NEW DELHI: The Competition Commission of India (CCI) has given the green light for a deal that will see Bagmane Prime Office REIT acquire stakes in Bagmane Developers and its related entities. The transaction includes a direct acquisition of Bagmane Developers (BDPL) and its wholly owned subsidiary, Bagmane Green Power LLP (BGPL), by Bagmane Prime Office REIT. Additionally, the REIT will indirectly gain control of Bagmane Rio (BRPL) and the asset known as ‘Luxor @ Bagmane Capital Tech Park’ from Bagmane Constructions through BDPL. As part of the deal, the sponsor group of the REIT, along with certain third-party shareholders…

IndustryLatest Stories

Bagmane REIT Aims for $3.9B Valuation in India IPO

Blackstone-backed Bagmane Prime Office REIT is gearing up for an initial public offering (IPO) as early as next month, aiming for a valuation of approximately $3.9 billion, sources indicate. The Bengaluru-based real estate firm has received regulatory approval and commenced investor roadshows. Sources requested anonymity due to the confidential nature of the information. The proposed IPO seeks to raise 40 billion rupees ($440 million), which includes up to 30 billion rupees in new units and a secondary sale of 10 billion rupees by Blackstone, as detailed in the IPO prospectus that was filed in December. Discussions are ongoing, and details…

CommercialLatest Stories

Bagmane Prime Files for ₹4,000 Crore IPO

Representative AI image NEW DELHI: Bagmane Prime Office REIT, based in Bengaluru, has submitted its draft offer document to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹4,000 crore. This includes a fresh issue of units amounting to ₹3,000 crore and an offer for sale (OFS) of ₹1,000 crore by selling unitholders. The REIT, sponsored by Bagmane Realty and Infrastructure LLP, manages a premium portfolio of Grade A+ office business parks focused in key office areas of Bengaluru. It encompasses 20.3 million sq ft of total area with 19.6 million sq…