Nexus Select Trust REIT IPO Detail
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.
Company Promoters
IPO Details
| IPO Opening Date | May 09, 2023 |
| IPO Closing Date | May 11, 2023 |
| Issue Type | Book Built Issue REIT |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 100 per equity share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹3,200.00 Cr |
| Fresh Issue | ₹1,400.00 Cr |
| Offer for Sale | ₹1,800.00 Cr |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.16x | - | - | x | x | 0.27x |
| Day 2 | 0.17x | - | - | x | x | 0.57x |
| Day 3 | 4.81x | - | - | x | x | 5.45x |
IPO Tentative Timetable
The Nexus Select Trust REIT IPO open date is May 09, 2023, and the close date is May 11, 2023. The issue may list on May 19, 2023.
| IPO Open Date | May 09, 2023 |
| IPO Close Date | May 11, 2023 |
| Basis of Allotment Date | May 16, 2023 |
| Initiation of Refunds | May 17, 2023 |
| Credit of Shares to Demat Account | May 18, 2023 |
| IPO Listing Date | May 19, 2023 |
IPO Lot Size
The Nexus Select Trust REIT IPO market lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹195000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 150 | ₹15000 |
| Maximum | 13 | 1950 | ₹195000 |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 9,527.64 | 1,708.19 | 206.74 |
| 31-Mar-21 | 8,959.36 | 1,047.97 | -199.11 |
| 31-Mar-22 | 9,089.77 | 1,398.52 | -10.95 |
| 31-Dec-22 | 8,989.53 | 1,498.35 | 257.02 |
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 IPO Registrar:
KFin Technologies Limited
Nexus Select Trust REIT IPO Lead Manager(s):
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, Sbi Capital Markets Limited
Company Contact Information:
Nexus Select Trust REIT
Embassy 247, Unit No. 501,
B Wing, Lal Bahadur Shastri Marg,
Vikhroli West, Mumbai 400 083
