IPO Details

Bidding Dates

09 May '23 - 11 May '23

Minimum Investment

₹15,000 / 1 Lots (150 Shares)

Price Range

₹95 - ₹100

Maximum Investment

To be announced

Retail Discount

Not Applicable

Issue Size

₹ 3,200 crore

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investor  |  

ARQ IPO Prediction

Listing gain & Over subscription prediction

Over-Subscribed 0.88x

Chances of listing gains & oversubscription


Updated 5mins ago


View Subscriptions View All

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

0.16 0.27

Day 2May 10, 2023

0.17 0.57

Day 3May 11, 2023

0.19 0.88

Nexus Select Trust REIT IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer 0.19
Non-Institutional Buyers [.]
Retail Investors [.]
Employees [.]
Others 1.72
Total 0.88

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.

Competitive Peers

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
EBITDA 9,431.81 8,579.82 6,130.26
  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


  1. It holds the largest portfolio of consumption centers, with an average occupancy of 96.2%.

  2. Its business is supported by a healthy mix of tenants.

  3. A highly stabilised portfolio of assets, positioned for solid organic growth.


  1. Interested investors should understand the business patterns of REITs before investing.

  2. The company may obtain external debt post-IPO to repay certain indebtedness.

  3. Its debt situation can significantly impact the company’s cash flow.

  • How to Apply in IPO
  • How to Check IPO Allotment Status


Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process


Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

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Nexus Select Trust REIT IPO FAQs

What is Nexus Select Trust REIT's IPO?

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.

When will Nexus Select Trust REIT's IPO allotment be available?

The Basis of Allotment date of the Nexus Select Trust REIT IPO is May 16, 2023.

What will be Nexus Select Trust REIT's IPO lot size?

Will be updated soon.

When will Nexus Select Trust REIT's IPO open for subscription?

The bidding window will open for subscription on May 09, 2023. The bidding window closing date is May 11, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Nexus Select Trust REIT list on exchanges?

The IPO is expected to list on May 19, 2023.

How do I check the allotment status of the Nexus Select Trust REIT IPO?

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.

What would be the listing gains on the Nexus Select Trust REIT IPO?

Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange.

I have finished the application process for the Nexus Select Trust REIT IPO, but the funds are not yet debited. What is the reason?

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.

How to approve the UPI mandate request for Nexus Select Trust REIT IPO?

Login to your UPI handle to approve the payment mandate and complete the IPO application process.

Can I submit more than one application for the public issue of Nexus Select Trust REIT using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for the Nexus Select Trust REIT IPO?

Will be updated soon.