Bagmane REIT Reportedly Targets $3.9 Billion Valuation in India IPO

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Bagmane REIT Targets $3.9 Billion Valuation in India IPO

The proposed offering will aim to raise Rs 4,000 crore, including as much as Rs 3,000 crore of newly issued units and a secondary sale of Rs 1,000 crore by Blackstone. Bloomberg

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Moneycontrol•25-02-2026, 16:18

Bagmane REIT Targets $3.9 Billion Valuation in India IPO

•Blackstone-backed Bagmane Prime Office REIT plans an IPO next month, aiming for a $3.9 billion valuation.
•The Bengaluru-based developer has regulatory approval and started investor roadshows.
•The IPO seeks to raise Rs 4,000 crore, including Rs 3,000 crore from new units and Rs 1,000 crore secondary sale by Blackstone.
•Bagmane's portfolio includes six Grade A+ business parks with 20.3 million sq ft, valued at Rs 387.9 billion.
•Net proceeds will fund asset acquisitions and general corporate purposes.

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