Bookbuilding REIT | ₹3,200 Cr | Listed at BSE, NSE | Tue, May 9, 2023 - Thu, May 11, 2023
Nexus Select Trust REIT is a book build issue of ₹3,200.00 crores. The issue is a combination of fresh issue of 14.00 crore shares aggregating to ₹1,400.00 crores and offer for sale of 18.00 crore shares aggregating to ₹1,800.00 crores.
Nexus Select Trust REIT bidding started from May 9, 2023 and ended on May 11, 2023. The allotment for Nexus Select Trust REIT was finalized on May 16, 2023. The shares got listed on BSE, NSE on May 19, 2023.
Nexus Select Trust REIT price band is set at ₹100 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹15,000 (150 shares) (based on upper price).
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Nexus Select Trust REIT RHP for detailed Information.
IPO Open
Tue, May 9, 2023
IPO Close
Thu, May 11, 2023
Final Issue Price
₹100.00 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 9 to 11 May, 2023 |
| Listed on | Fri, May 19, 2023 |
| Price Band | ₹95.00 to ₹100.00 |
| Final Issue Price | ₹100.00 per share |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding REIT |
| Listing At | BSE, NSE |
| Total Issue Size | 32,00,00,000 shares (agg. up to ₹3,200 Cr) |
| Fresh Issue | 14,00,00,000 shares (agg. up to ₹1,400 Cr) |
| Offer for Sale | 18,00,00,000 shares of ₹[.] (agg. up to ₹1,800 Cr) |
| Share Holding Pre Issue | 1,37,50,00,000 shares |
| Share Holding Post Issue | 1,51,50,00,000 shares |
| BSE Script Code / NSE Symbol | 543913 / NXST |
| ISIN | INE0NDH25011 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net offer |
| NII Shares Offered | Not less than 25% of the Offer |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 150 | ₹15,000 |
Nexus Select Trust REIT raises ₹1,440.00 crore from anchor investors. Nexus Select Trust REIT Anchor bid date is May 8, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 8, 2023 |
| Shares Offered | 14,39,99,850 |
| Anchor Portion (₹ Cr.) | 1,440.00 |
| Anchor lock-in period end date | Thu, Jun 15, 2023 |
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.
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 8,989.53 | 9,089.77 | 8,959.36 | 9,527.64 |
| Total Income | 1,498.35 | 1,398.52 | 1,047.97 | 1,708.19 |
| Profit After Tax | 257.02 | -10.95 | -199.11 | 206.74 |
| Reserves and Surplus | 639.31 | 389.15 | 340.89 | 976.05 |
| Total Borrowing | 5,872.31 | 6,311.20 | 6,281.38 | 5,955.67 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Partial or full repayment or prepayment and redemption of certain financialindebtedness of the Asset SPVs and the Investment Entity | 250.00 |
| 2 | Acquisition of stake and redemption of debt securities in certain Asset SPVs | 1,003.26 |
| 3 | General purposes | 81.48 |
The Nexus Select Trust REIT is subscribed 5.45 times on May 11, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.81 | 10,10,52,450 | 48,61,32,150 |
| Others | 6.23 | 8,42,10,600 | 52,42,11,450 |
| Total | 5.45 | 18,52,63,050 | 1,01,03,43,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commission to advisors to this Offer | 80.78 |
| 2 | Fee payable to others | 66.29 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹102.27 | ₹103.00 |
| Low | ₹102.27 | ₹103.00 |
| High | ₹104.90 | ₹104.75 |
| Last Trade | ₹104.26 | ₹104.29 |
Lead Manager Reports
Nexus Select Trust REIT is a main-board REIT of 32,00,00,000 equity shares of the face value of ₹[.] aggregating up to ₹3,200 Crores. The issue is priced at ₹100.00 per share. The minimum order quantity is 150.
The REIT opens on Tue, May 9, 2023, and closes on Thu, May 11, 2023.
Kfin Technologies Ltd. is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nexus Select Trust REIT using UPI as a payment gateway. Zerodha customers can apply in Nexus Select Trust REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nexus Select Trust REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nexus Select Trust REIT opens on Tue, May 9, 2023 and closes on Thu, May 11, 2023.
Nexus Select Trust REIT lot size is 150, and the minimum amount required for application is ₹15,000.
You can apply in Nexus Select Trust REIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nexus Select Trust REIT will be done on Tuesday, May 16, 2023, and the allotted shares will be credited to your demat account by Thu, May 18, 2023. Check the Nexus Select Trust REIT allotment status.
The Nexus Select Trust REIT listing date is on Fri, May 19, 2023.
