09 May '23 - 11 May '23
₹15,000 / 1 Lots (150 Shares)
₹95 - ₹100
To be announced
₹ 3,200 crore
Investor category and sub categoryQualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |
ARQ IPO Prediction
Listing gain & Over subscription prediction
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Chances of listing gains & oversubscription
Nexus Select Trust REIT IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 9, 2023
IPO Closing Date
May 11, 2023
Basis of Allotment
May 16, 2023
Initiation of Refunds
May 17, 2023
Credit of Shares to Demat Account
May 18, 2023
IPO Listing Date
May 19, 2023
Nexus Select Trust REIT IPO Subscription Details
Day 1May 9, 2023
Day 2May 10, 2023
Day 3May 11, 2023
Nexus Select Trust REIT IPO Subscription Status Live
|Investor Category||Subscription (Times)|
|Qualified Institutions Buyer||0.19|
About Nexus Select Trust REIT IPO
Nexus Select REIT is one of India's leading consumption centre platform providers and owners of high-quality consumption centre infrastructure assets. The REIT’s portfolio consists of 17 Grade-A urban consumption centres in 14 leading cities with a total leasable area of 9.2 million square feet.
Nexus Select Trust primarily deals with consumption centres. It holds the largest consumption centres’ portfolio in India, with an average of 96.2% committed occupancy as of December 31, 2022. Their tenant base consisted of 1,044 domestic and 2,893 international brand stores during the same time period.
Nexus Select is backed by Blackstone, the world's largest alternative asset manager, with investments across industries.
Nexus Select Trust REIT IPO Details
Nexus Select Trust REIT is India’s first REIT to launch an initial public offering (office assets back the other three listed REITs). The total issue size of Rs. 3,200 crore consists of Rs. 1,400 crore and an offer for sale of Rs. 1,800 crore.
Nexus Select Trust REIT IPO is a book-building type IPO that will open on both BSE and NSE. The Nexus Select Trust REIT IPO date is fixed for May 9–11, 2023, for investors to submit their bid applications.
The IPO will list on the bourses on May 19, 2023.
Nexus Select Trust REIT IPO Objective
The net proceeds from the fresh issues will be utilised for
- Partial or full repayment of certain market borrowings of the Asset SPVs and the investment entities
- Acquisition of stakes and dissolving certain debt securities for the asset SPVs
- General corporate purposes
Should you invest in Nexus Select Trust REIT?
Here are the top reasons to consider before investing in the IPO:
- Its commercial spaces are located in prime cities like Delhi, Bengaluru, Pune, Hyderabad, Navi Mumbai, etc.
- India’s retail commerce is expected to grow steadily (both brick-and-mortar and online), supported by rapid urbanization and the rising purchasing power of the growing middle class.
- It offers a mixed portfolio of assets, including two complimentary hotels and three office assets.
There is no listed retail REIT in India.
Noteworthy Highlights of Nexus Select Trust REIT
- The company enjoyed 11% growth (CAGR) between FY18 and FY20 in tenant sales in its properties, where marginal rent across its portfolio grew at a 7.5% CAGR from CY16 to CY19.
- It offers a well-diversified portfolio of assets, with no single asset or tenant contributing more than 18.3% or 2.8% of the total gross rentals, respectively.
Nexus Select Trust REIT Company Financials
|Particulars||Period ending on December 31, 2022||Year ending on March 31, 2022||Year ending on March 31, 2021|
|Revenue from Operations||14,631.49||13,182.10||9,069.75|
|Profit After Tax (PAT)||2570.20||109.52||1991.10|
|As of December 31, 2022||As of March 31, 2022||As of December 31, 2021|
|Total Current Asset||14,733.18||14,673.57||12,412.87|
|Total Current Liabilities||10,816.41||10,127.64||9,128.09|
Know before investing
It holds the largest portfolio of consumption centers, with an average occupancy of 96.2%.
Its business is supported by a healthy mix of tenants.
A highly stabilised portfolio of assets, positioned for solid organic growth.
Interested investors should understand the business patterns of REITs before investing.
The company may obtain external debt post-IPO to repay certain indebtedness.
Its debt situation can significantly impact the company’s cash flow.
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The total issue size of the Nexus Select Trust REIT IPO is Rs. 3,200 crore, comprising Rs. 1400 crore in fresh issues and Rs. 1,800 crore in offer-for-sale equities.
The IPO will open for bidding on May 09, 2023.
The Basis of Allotment date of the Nexus Select Trust REIT IPO is May 16, 2023.
Will be updated soon.
The bidding window will open for subscription on May 09, 2023. The bidding window closing date is May 11, 2023.
Retail investors can apply for a minimum of one lot.
The IPO is expected to list on May 19, 2023.
You can check the Nexus Select Trust REIT IPO allotment status from Angel One’s mobile app. Log in to the app and validate with an OTP. In the next step, enter your application number, DP ID, and PAN number into the app to check the allotment status.
Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange.
Initially the bank will only block the amount in your account. The money will be debited when the shares are allotted, or the bank will unblock the amount after the UPI mandate expiration date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You can submit only one application using one PAN card.
Will be updated soon.