Nexus Select Trust REIT (Nexus Select Trust REIT) Detail

May 9, 2023 - May 11, 2023

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.

Nexus Select Trust REIT Details

IPO Date May 9, 2023 to May 11, 2023
Listing Date May 19, 2023
Face Value ₹ per share
Price ₹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

QIB Shares Offered101,052,450 (54.55%)
NII (HNI) Shares OfferedNot less than 25% of the Offer
Total Shares Offered185,263,050

Nexus Select Trust REIT Timetable (Tentative)

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

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

Nexus Select Trust REIT Lot Size

The Nexus Select Trust REIT lot size is 150 shares.

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

Company Financials

Nexus Select Trust Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and SurplusTotal Borrowing
Amount in ₹ Crore

Objects of the Issue

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)

Nexus Select Trust REIT Prospectus

Nexus Select Trust REIT Rating

Rating:Rated 3.0 stars
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Nexus Select Trust REIT Listing Details

Listing Date May 19, 2023
BSE Script Code 543913
Final Issue Price ₹100 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

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://karisma.kfintech.com/

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 order quantity is .

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, 16 May 2023, and the allotted shares will be credited to your demat account by Thursday, 18 May 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

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