Nexus Select Trust stands as India’s foremost real estate investment trust, specializing in urban consumption centers. With a commanding presence, the company boasts 17 Grade-A Urban Consumption Centres spanning 14 cities, establishing itself as a leader in the field.
The company’s portfolio encompasses 17 Grade A urban consumption centres, offering a collective Leasable Area of 9.8 million square feet. Additionally, it holds two complementary hotel assets comprising 354 keys and three office assets spanning 1.3 million square feet, as of December 31, 2022.
Nexus Select Trust takes pride in curating a diverse tenant mix across various sectors like apparel, accessories, hypermarkets, entertainment, and food and beverages (F&B). Demonstrating a commitment to sustainability, the company actively engages in over 50 ESG initiatives to foster a positive impact on both people and the environment.
With a strong footprint across 14 Indian cities, including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, Nexus Select Trust accounts for 30% of India’s total discretionary retail spending in FY20.
REIT Details #
It is a Book Built Issue. The IPO total issue size is Rs 3,200.00 Cr. The Nexus Select Trust REIT price is ₹95 to ₹100 per share. The IPO will list on BSE, NSE.
| 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 |
REIT Reservation #
A total of 329,262,900 shares are offered. QIB: 101,052,450 (30.69%).
| Anchor Investor Shares Offered | 143,999,850 (43.73%) |
| QIB Shares Offered | 101,052,450 (30.69%) |
| NII (HNI) Shares Offered | Not less than 25% of the Offer |
| Other Shares Offered | 84,210,600 (25.58%) |
| Total Shares Offered | 329,262,900 (100%) |
REIT Anchor Investors Details #
It raises Rs 1,440.00 crore from anchor investors. Nexus Select Trust REIT Anchor bid date is May 8, 2023. Nexus Select Trust REIT Anchor Investors list
| Bid Date | May 8, 2023 |
| Shares Offered | 143,999,850 |
| Anchor Portion Size (In Cr.) | 1,440.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Jun 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sep 22, 2023 |
REIT Timetable (Tentative) #
It opens on May 9, 2023, and closes on May 11, 2023.
| IPO Open Date | Tuesday, 9 May 2023 |
| IPO Close 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 |
REIT Lot Size #
The minimum lot size of this Nexus Select Trust REIT is 150 shares required is ₹15,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 150 | ₹15,000 |
| Lot Size Calculator | |||
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 9,527.64 | 1,708.19 | 206.74 | 976.05 | 5,955.67 |
| 31-Mar-21 | 8,959.36 | 1,047.97 | -199.11 | 340.89 | 6,281.38 |
| 31-Mar-22 | 9,089.77 | 1,398.52 | -10.95 | 389.15 | 6,311.20 |
| 31-Dec-22 | 8,989.53 | 1,498.35 | 257.02 | 639.31 | 5,872.31 |
| 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
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)
| Category | Subscription (times) |
|---|---|
| QIB | 4.81 |
| Others | 6.23 |
| Total | 5.45 |
REIT Listing Details #
| Listing Date | May 19, 2023 |
| BSE Script Code | 543913 |
| NSE Symbol | NXST |
| ISIN | INE0NDH25011 |
| Final Issue Price | ₹100 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹100.00 |
| ₹102.27 |
| ₹102.27 |
| ₹104.90 |
| ₹104.26 |
| NSE |
|---|
| ₹100.00 |
| ₹103.00 |
| ₹103.00 |
| ₹104.75 |
| ₹104.29 |
Company Contact Information #
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/
REIT Registrar #
Phone: 04067162222, 04079611000
Email: nexusselecttrust.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
REIT Lead Manager(s) #
- Bofa Securities India Limited (Past IPO Performance)
- Axis Capital Limited (Past IPO Performance)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- HSBC Securities & Capital Markets Pvt Ltd (Past IPO Performance)
- IIFL Securities Ltd (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
FAQs #
What is the price range for IPO units? #
The IPO price range for units is ₹700 to ₹800.
When is the IPO open and closing dates ? #
The IPO is open from June 13, 2023, to June 15, 2023.
How many units are being offered IPO? #
The IPO offers a total of 19,965,000 units.
What is the subscription status of Nexus Select Trust REIT IPO? #
The IPO offers 4,991,250 units to retail investors and 4,991,250 units to non-institutional investors.
Please note that the above information is based on the data available and may be subject to change.
