Nexus Select Trust IPO Details
Issue Date
--
Price Range
₹100
Lot Size
150
IPO Size
₹3200.00 Cr
Nexus Select Trust IPO Listing Details
Listing On
19 May'23
Issue Price
--
Listed Price
₹ 103
Retail Gain/Listing Gain
▲3.00%
Schedule of Nexus Select Trust IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
19/05/2023
Company Background
Nexus Select Trust is the owner of India’s leading consumption centre platform for high-quality assets that serve as essential consumption infrastructure for India’s growing middle class (Source: CBRE Report, by Completed Area). They expect to be the first publicly listed consumption centre REIT in India upon the listing of its Units on the Stock Exchanges.
The company’s assets are strategically located across 14 leading cities in India, including the highest quality assets in prime in-fill locations of India’s major cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai.
Additionally, they hold a tenant base of 1,044 domestic and international brands with 2,893 stores as of December 31, 2022 and is well diversified with a healthy mix of tenants across sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages (“F&B”) in order to provide a holistic shopping and entertainment offering to consumers.
Competitive Strengths
Strong embedded growth with inflation hedged cash flows
India’s largest platform of best-in-class assets
Highly occupied by a base of renowned national and international brands
Risk Factors
- Strict REIT regulations
- Uncertain external factors can impact profitability of assets
- Majority of revenue derived from a few large tenants
Key Strategies
Here are a few strategies Nexus Select Trust Private Limited has for its business:
- Capitalise on their Portfolio’s embedded organic growth opportunities
- Proactive asset management driving growth in value
- Disciplined acquisition strategy with a strong balance sheet
Key Financials
And finally here’s a look at key financials of Nexus Select Trust Private Limited.
How to apply for IPO through ASBA
Kotak Neo
•00m 58s
Nexus Select Trust IPO FAQs
The Nexus Select Trust IPO opens for subscription from [-] to [-], with a total issue size of ₹3200.00 Cr. The IPO price band is ₹100 to ₹0 per share with a lot size of 150. The company aims to list the shares on BSE & NSE on 19-05-2023.
The Nexus Select Trust IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Nexus Select Trust IPO is 150 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Nexus Select Trust IPO has been fixed at ₹100 to ₹0 per equity share.
You can apply for the Nexus Select Trust IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Nexus Select Trust IPO allotment will take place on [-].
You can check the Nexus Select Trust IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Nexus Select Trust shares will list on the stock exchanges on 19-05-2023.
The Nexus Select Trust Private Limited IPO has an issue size of Rs. 3,200 crores. The IPO opens for subscription on 9th May and ends on 11th May.
KFIN Technologies Private Limited is the registrar for this IPO.
You can read more about Nexus Select Trust Private Limited and its IPO from the company’s red herring prospectus (RHP) here: Nexus Select Trust Private Limited RHP.
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