Bagmane Prime Office REIT (No cancellation) IPO

Note: As per regulations, application cancellation is not allowed for any category. Bagmane Prime Office is a real estate investment trust (REIT) that owns and manages Grade A+ commercial office business parks. The REIT’s portfolio includes six office parks with a total area of 20.3 million square feet and 19.6 million square feet of leasable space, along with under-construction hotels and solar power assets. It provides office spaces to multinational corporations, including technology, electronics, and semiconductor companies, and also offers built-to-suit office solutions tailored to tenant requirements. The portfolio includes completed, under-construction, and future development assets, along with two hotels and multiple solar projects with a combined capacity of 164.4 MW (DC). The assets are primarily located in Bengaluru, particularly in key office micro-markets such as Outer Ring Road and Secondary Business District, where the REIT operates integrated business park developments. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Part funding of acquisition by BDPL of Luxor @ Bagmane Capital Tech Park — Rs 1,420 crore Part funding of acquisition by BDPL of 93.00% of the issued and paid-up equity share capital of BRPL — Rs 820 crore General purposes;