The Bagmane Prime Office REIT, focused on commercial office assets in Bengaluru, has achieved an 83% subscription rate on the second day of its IPO, which aims to raise ₹3,405 crore. The issue comprises a fresh issue of ₹2,390 crore and an offer for sale of ₹1,015 crore. Institutional investors have shown strong interest, subscribing to 77% of their allocated units, while other investors have subscribed to 91% of the total units available. The REIT is currently trading at a 4.5% premium in the grey market, indicating a potential listing price of ₹104.5. The REIT's portfolio includes six Grade A+ business parks in key business districts of Bengaluru, with a total area of 20.3 million square feet and a high occupancy rate of 97.9%. Major tenants include global tech leaders such as Google and Amazon, ensuring stable income. The IPO will remain open for subscription until May 7 and is scheduled to list on the BSE and NSE on May 15.