Bagmane Prime REIT IPO Oversubscribed 23.71 Times
NEW DELHI: The initial public offering (IPO) of Bagmane Prime Office REIT, backed by Blackstone, was subscribed 23.71 times by the end of the bidding period on Thursday, demonstrating strong investor interest. The IPO, valued at Rs 3,405 crore, received bids for 3,50,77,38,150 units against 14,79,21,000 units available, according to NSE data. The institutional investor category saw a subscription rate of 25.25 times, while retail investors submitted bids 21.87 times the available quota. More than 200,000 applications were recorded for the offer, surpassing previous REITs such as Knowledge Realty Trust, Nexus Select Trust, Mindspace Business Parks REIT, Brookfield India REIT,…