Bagmane Prime Office REIT, backed by the Bagmane Group and global investor Blackstone, has filed draft papers with SEBI for an Initial Public Offering (IPO) aiming to raise up to Rs 4,000 crore. The IPO comprises a fresh issue of up to Rs 3,000 crore and an Offer For Sale of up to Rs 1,000 crore. Proceeds will fund acquisitions of prime office assets in Bengaluru, totaling approximately 20 million sq ft. The REIT's portfolio includes completed and under-construction properties, with high occupancy rates and major multinational tenants.