New Delhi, May 7 -- The initial public offer of Blackstone-backed Bagmane Prime Office REIT, which opened for subscription on Tuesday, 5 May, concludes today (Thursday, 7 May). The Bagmane Prime Office REIT IPO price band has been fixed at Rs.95-100 per unit.

The REIT based in Bengaluru, which develops and manages Grade A office properties, has successfully secured approximately Rs.1,150 crore from initial investors prior to the public offering.

The REIT's asset portfolio consists of six high-quality Grade A business parks totalling around 20.3 million square feet, located in prominent office micro-markets in Bengaluru, including the Outer Ring Road (ORR) and the Secondary Business District (SBD City).

Real Estate Investment Trusts (RE...