Nexus Select Trust REIT vs Tata Technologies IPO

Comparision between Nexus Select Trust REIT and Tata Technologies IPO.

IPO Details

Nexus Select Trust REIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Nexus Select Trust REIT	Tata Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Nexus Select Trust REIT is up to ₹3,200.00 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Nexus Select Trust REIT is ₹100.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	Nexus Select Trust REIT	Tata Technologies IPO
Face Value		₹2 per share
Issue Price (Lower)	₹95.00 per share	₹475.00 per share
Issue Price (Upper)	₹100.00 per share	₹500.00 per share
Issue Price (Final)	₹100.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹1,400.00 Cr
OFS Issue Size		6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹1,800.00 Cr	up to ₹3,042.51 Cr
Issue Size Total		6,08,50,278 shares
Issue Size Total (Amount)	up to ₹3,200.00 Cr	up to ₹3,042.51 Cr

IPO Timetable

Nexus Select Trust REIT opens on May 09, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Nexus Select Trust REIT and Tata Technologies IPO is May 11, 2023, and Nov 24, 2023, respectively.

	Nexus Select Trust REIT	Tata Technologies IPO
Anchor Bid Date	May 08, 2023	Nov 21, 2023
Issue Open	May 09, 2023	Nov 22, 2023
Issue Close	May 11, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	May 16, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	May 17, 2023	Nov 29, 2023
Credit of Share (Tentative)	May 18, 2023	Nov 29, 2023
Listing date (Tentative)	May 19, 2023	Nov 30, 2023
Anchor Lockin End date 1	Jun 15, 2023	Dec 28, 2023
Anchor Lockin End date 2	Aug 14, 2023	Feb 26, 2024

Financials

Nexus Select Trust REIT P/E ratio is , as compared to Tata Technologies IPO P/E ratio of 32.53.

Nexus Select Trust REIT

Tata Technologies IPO

Financial

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.79%

Promoter Shareholding (Post-Issue)

55.39%

P/E Ratio

32.53

Market Cap

₹20283.43 Cr.

ROE

ROCE

Debt/Equity

EPS

₹15.37

RoNW

20.87%%

Shares Offered

In the Nexus Select Trust REIT retail investors (RII) are offered 0 shares while in Tata Technologies IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 10,10,52,450 shares in Nexus Select Trust REIT and 1,05,47,382 shares in Tata Technologies IPO.

	Nexus Select Trust REIT	Tata Technologies IPO
Anchor Investor Reserveration	14,39,99,850 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	10,10,52,450 shares	1,05,47,382 shares
NII	0 shares	79,10,537 shares
RII	0 shares	1,84,57,919 shares
Employee	0 shares	20,28,342 shares
Others
Total	18,52,63,050 shares	4,50,29,207 shares

Bids Received (Subscription)

Nexus Select Trust REIT subscribed 5.45x in total, whereas Tata Technologies IPO subscribed 69.43x.

	Nexus Select Trust REIT	Tata Technologies IPO
QIB (times)	4.81x	203.41x
NII (times)		62.11x
Big NII (times)		70.67x
Small NII (times)		44.98x
RII (times)		16.50x
Employee (times)		3.70x
Other (times)	6.23x	29.20x
Total (times)	5.45x	69.43x

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