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Nexus Select Trust REIT (Nexus Select Trust REIT) Detail

May 9, 2023 - May 11, 2023

Nexus Select Trust REIT is a book built issue of Rs 3,200.00 crores. The issue is a combination of fresh issue of Rs 1,400.00 crores and offer for sale of Rs 1,800.00 crores.

Nexus Select Trust REIT bidding started from May 9, 2023 and ended on May 11, 2023. The allotment for Nexus Select Trust REIT was finalized on Tuesday, May 16, 2023. The shares got listed on BSE, NSE on May 19, 2023.

Nexus Select Trust REIT price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹15,000.

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 and SBI Capital Markets Limited are the book running lead managers of the Nexus Select Trust REIT, while Kfin Technologies Limited is the registrar for the issue.

Refer to Nexus Select Trust REIT RHP for detailed information.

Nexus Select Trust REIT Details

IPO Date May 9, 2023 to May 11, 2023
Listing Date May 19, 2023
Face Value ₹ per share
Price Band ₹95 to ₹100 per share
Lot Size 150 Shares
Total Issue Size[.] shares
(aggregating up to ₹3,200.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹1,400.00 Cr)
Offer for Sale[.] shares of ₹
(aggregating up to ₹1,800.00 Cr)
Issue Type Book Built Issue REIT
Listing At BSE, NSE

Nexus Select Trust REIT Reservation

Nexus Select Trust REIT offers 329,262,900 shares. 101,052,450 (30.69%) to QIB 143,999,850 (43.73%) to Anchor investors.

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Investor Category Shares Offered
Anchor Investor Shares Offered143,999,850 (43.73%)
QIB Shares Offered101,052,450 (30.69%)
Other Shares Offered84,210,600 (25.58%)
Total Shares Offered329,262,900 (100%)

Nexus Select Trust REIT Anchor Investors Details

Nexus Select Trust REIT raises Rs 1,440.00 crore from anchor investors. Nexus Select Trust REIT Anchor bid date is May 8, 2023. Nexus Select Trust REIT Anchor Investors list

Bid Date May 8, 2023
Shares Offered 143,999,850
Anchor Portion Size (In Cr.) 1,440.00
Anchor lock-in period end date for 50% shares (30 Days) June 15, 2023
Anchor lock-in period end date for remaining shares (90 Days) August 14, 2023

Nexus Select Trust REIT Timeline (Tentative Schedule)

Nexus Select Trust REIT opens on May 9, 2023, and closes on May 11, 2023.

IPO Open Date Tuesday, May 9, 2023
IPO Close Date Thursday, May 11, 2023
Basis of Allotment Tuesday, May 16, 2023
Initiation of Refunds Wednesday, May 17, 2023
Credit of Shares to Demat Thursday, May 18, 2023
Listing Date Friday, May 19, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 11, 2023

Nexus Select Trust REIT Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
All Investors 1 150 ₹15,000
Lot Size Calculator

About Nexus Select Trust

Nexus Select Trust is India's leading real estate investment trust. Nexus Select Trust is India's leading consumption centre platform with 17 Grade-A best-in-class Urban Consumption Centres spread across 14 cities.

The company owns 17 Grade A urban consumption centres with a total Leasable Area of 9.8 msf, two complementary hotel assets (354 keys), and three office assets of 1.3 msf as of December 31, 2022.

The company has curated a healthy mix of tenants across sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages (F&B). Nexus is also working across 50+ ESG initiatives to create a positive impact on people and the environment.

Nexus Select Trust serves across 14 cities in India including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, which constituted 30% of India's total discretionary retail spending in FY20.

Company Financials

Nexus Select Trust Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and SurplusTotal Borrowing
31-Mar-209,527.641,708.19206.74976.055,955.67
31-Mar-218,959.361,047.97-199.11340.896,281.38
31-Mar-229,089.771,398.52-10.95389.156,311.20
31-Dec-228,989.531,498.35257.02639.315,872.31
Amount in ₹ Crore

Objects of the Issue (Nexus Select Trust REIT Objectives)

The Nexus Select Trust will not receive any proceeds from the offer for sale and the proceeds received will not form part of the net proceeds.

The Net Proceeds from the Fresh Issue will be utilised towards the following objects:

  • Partial or full repayment or prepayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entity;
  • Acquisition of stake and redemption of debt securities in certain Asset SPVs; and
  • General purposes

Nexus Select Trust REIT Review (Apply)

[Dilip Davda]  Though this is the 4th REIT issue since March 2019, it is the first mover in the retail consumption space and has also opted for an investor-friendly gesture of low pricing and convenient minimum lot. Investors looking for steady returns coupled with appreciation on residual holdings year after year may park funds for medium to long-term rewards. Post listing, it may fetch the first mover fancy in the segment. Read detail review...


Nexus Select Trust REIT Subscription Status (Bidding Detail)

The Nexus Select Trust REIT is subscribed 5.45 times on May 11, 2023 7:02:00 PM. The public issue subscribed times in the retail category, 4.81 times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB4.81
Others6.23
Total5.45

Nexus Select Trust REIT Prospectus

Nexus Select Trust REIT Rating

26
3.0
Rating:Rated 3.0 stars
Vote Here ...

Nexus Select Trust REIT Listing Details

Listing Date May 19, 2023
BSE Script Code 543913
NSE Symbol NXST
ISIN INE0NDH25011
Final Issue Price ₹100 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹100.00
₹102.27
₹102.27
₹104.90
₹104.26
NSE
₹100.00
₹103.00
₹103.00
₹104.75
₹104.29

Check IPO Performance…

Nexus Select Trust Contact Details

Nexus Select Trust
Embassy 247, Unit No. 501,
B Wing, Lal Bahadur Shastri Marg,
Vikhroli West, Mumbai 400 083
Phone: +91 22 6280 5000
Email: investor.relations@nexusmalls.com
Website: https://www.nexusselecttrust.com/

Nexus Select Trust REIT Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: nexusselecttrust.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Nexus Select Trust REIT FAQs

Nexus Select Trust REIT is a main-board REIT of [.] equity shares of the face value of ₹ aggregating up to ₹3,200.00 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 150 Shares.

The REIT opens on May 9, 2023, and closes on May 11, 2023.

Kfin Technologies Limited is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Nexus Select Trust REIT using UPI as a payment gateway. Zerodha customers can apply in Nexus Select Trust REIT by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nexus Select Trust REIT through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nexus Select Trust REIT' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nexus Select Trust REIT opens on May 9, 2023 and closes on May 11, 2023.

Nexus Select Trust REIT lot size is 150 Shares, and the minimum amount required is ₹15,000.

You can apply in Nexus Select Trust REIT online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nexus Select Trust REIT will be done on Tuesday, May 16, 2023, and the allotted shares will be credited to your demat account by Thursday, May 18, 2023. Check the Nexus Select Trust REIT allotment status.

The Nexus Select Trust REIT listing date is on May 19, 2023.
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Nexus Select Trust REIT Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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947 Comments

330. ValueInvestorPA |   Link |  Bookmark |June 26, 2023 7:50:21 AM
Nikhil Vora Applied for 172800 shares and got 15200 shares.
329. Safe Bet |   Link |  Bookmark |June 19, 2023 10:20:45 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
No review by DD??
328. SADAHAQ |   Link |  Bookmark |May 19, 2023 10:04:56 AM
HOLD for 110 in 1 year time.
328.5. Pratham |   Link |  Bookmark |May 20, 2023 12:52:27 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
@sadahaq
You were right in analysis of Nexus Reit.Keep up the good work.
328.6. SADAHAQ |   Link |  Bookmark |May 20, 2023 5:13:29 PM
I will offload @110 .......as all prestigious / known big funds will gradually invest in it and price will move up. This is premium type of investment category.
I will offload when it goes to @107~110 range.
327. MOHIT JAIN |   Link |  Bookmark |May 19, 2023 7:24:03 PM
Any block /bulk deal??
326. Palka |   Link |  Bookmark |May 19, 2023 4:30:51 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
NOT SHOWING IN MONEY CONTROL. WHAT IS THE CLOSING PRICE?
325. Palka |   Link |  Bookmark |May 19, 2023 3:56:46 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
SOLD 40%
324. Sanchit Jain |   Link |  Bookmark |May 19, 2023 3:42:35 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Exited the 3L allotment made.
323. JAI JAI GARVI GUJARAT |   Link |  Bookmark |May 19, 2023 9:40:46 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Seems 103
323.1. Smile✍️ |   Link |  Bookmark |May 19, 2023 9:54:32 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
on nse no change in 103, finally listed at 103. good demand seen at that price, exited
323.2. JAI JAI GARVI GUJARAT |   Link |  Bookmark |May 19, 2023 12:17:32 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Same here
Happy with 4% profit
322. antarix |   Link |  Bookmark |May 19, 2023 10:30:20 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Seems that it will cross 105 today itself. Still holding.
322.1. SADAHAQ |   Link |  Bookmark |May 19, 2023 10:40:58 AM
Don't sell........its Fixed Deposit / Pension plan. FORGET it.
322.2. Logij Kumar |   Link |  Bookmark |May 19, 2023 12:05:35 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
SADAHAQ..... No one got rich from FD. With 30% tax, it is one of the worst form of investment, however HNIs may hold it for diversification and stability of portfolio.
321. Heritage Wale |   Link |  Bookmark |May 19, 2023 10:24:43 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Congratulation guys for small Profit

Big Turtle Story Finished Here......
321.3. Pratham |   Link |  Bookmark |May 20, 2023 12:53:31 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Thanks Heritagewale
Your information is always spot on 👌 .
321.4. Rajiv Jha |   Link |  Bookmark |May 20, 2023 1:57:16 PM
First time I earned 1000 by ANY ipo
320. Palka |   Link |  Bookmark |May 19, 2023 11:02:02 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
NOT ABLE TO SELL IN KOTAK SECURITIES.. ANYONE FACING THE SAME PROBLEM?
319. Manoj ramchand jain |   Link |  Bookmark |May 19, 2023 9:47:02 AM
Money control not showing 😭
319.2. Kiaan |   Link |  Bookmark |May 19, 2023 10:24:22 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Showing as NXST
319.3. Kiaan |   Link |  Bookmark |May 19, 2023 10:26:28 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Showing NXST
318. arvindarvind |   Link |  Bookmark |May 19, 2023 10:11:28 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Today high may be 108 to 110....
317. smart man |   Link |  Bookmark |May 19, 2023 9:50:07 AM
Didn't get any allotment, now purchased 1500 shares on listing day , praying for the best
316. COOPER |   Link |  Bookmark |May 19, 2023 9:48:46 AM
why mankind is falling this much???
315. VIKTG |   Link |  Bookmark |May 19, 2023 9:43:50 AM
3% gain Enjoy
314. Manipo |   Link |  Bookmark |May 19, 2023 9:27:41 AM (200+ Posts)
Can someone share NSE pre open link for nexus?
314.2. Thiagarajan Ramasamy |   Link |  Bookmark |May 19, 2023 9:32:52 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Go to NSE Site. Open Market Data link. You will find New Listing link . Open and see.
314.3. BablooMumbai |   Link |  Bookmark |May 19, 2023 9:34:04 AM
https://www.nseindia.com/market-data/new-stock-exchange-listings-today
313. IPOswami |   Link |  Bookmark |May 19, 2023 9:31:44 AM (200+ Posts)
https://www.nseindia.com/market-data/new-stock-exchange-listings-today
312. GrayIsTheNewBlack |   Link |  Bookmark |May 19, 2023 9:23:11 AM
IPO Guru IPO Guru (2200+ Posts, 1300+ Likes)
Don't worry guys, 105+ listing hogi
311. Thiagarajan Ramasamy |   Link |  Bookmark |May 19, 2023 9:21:51 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Pre open NSE 101 and BSE 85. Clear picture to emerge by 9 40.