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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.
| 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 offers 329,262,900 shares. 101,052,450 (30.69%) to QIB 143,999,850 (43.73%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 143,999,850 (43.73%) |
| QIB Shares Offered | 101,052,450 (30.69%) | Other Shares Offered | 84,210,600 (25.58%) |
| Total Shares Offered | 329,262,900 (100%) |
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 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 |
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 | |||
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.
| 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 | |||||
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:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 4.81 |
| Others | 6.23 |
| Total | 5.45 |
| Listing Date | May 19, 2023 |
| BSE Script Code | 543913 |
| NSE Symbol | NXST |
| ISIN | INE0NDH25011 |
| Final Issue Price | ₹100 per share |
| 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nexusselecttrust.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
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
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.
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