Strong IPO response underscores investor confidence in India’s Grade A office assets.

Bagmane Prime Office REIT Debuts with 3.5% Premium on Stock Exchanges.

Bagmane Prime Office REIT, backed by Blackstone, made a strong stock market debut, listing at a 3.5% premium over its issue price. The REIT’s units opened at ₹103.50 on the National Stock Exchange and ₹103.40 on the Bombay Stock Exchange, compared with the IPO price of ₹100. The listing valued the REIT at around ₹35,071 crore. The ₹3,405-crore IPO was subscribed 23.71 times, attracting over two lakh applications and reflecting strong investor appetite. Bagmane Prime Office REIT raised nearly ₹1,150 crore from anchor investors. Its portfolio comprises six premium Grade A+ business parks spanning 20.3 million sq ft across key micro-markets of Bengaluru, including ORR and SBD. The successful listing highlights sustained interest in India’s office-focused REITs despite broader market volatility.