A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.

Bhive Properties, renowned for operating the acclaimed coworking brand BHIVE Workspace, has unveiled its groundbreaking venture into the sale of premium commercial real estate.

Bhive, a Bengaluru real estate developer, lowered the minimum investment for retail investors to buy commercial space in its pre-leased Grade-A building at Brigade Metropolis, Whitefield from Rs 10 lakh to Rs 5 lakh.