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.
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:
| IPO Opening Date | May 9, 2023 |
|---|---|
| IPO Closing Date | May 11, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | To be announced |
| IPO Price | ₹95 to ₹100 per share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| 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) |
| QIB Shares Offered | Not more than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 25.00% of the Offer |
| 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 |
Nexus Select Trust REIT is a main-board REIT of [.] equity shares of the face value of ₹ aggregating up to ₹3,200.00 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 150 Shares.
The REIT opens on May 9, 2023, and closes on May 11, 2023.
Kfin Technologies Limited is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.
The Nexus Select Trust REIT opens on May 9, 2023 and closes on May 11, 2023.
Nexus Select Trust REIT IPO lot size is 150 Shares.
You can apply in Nexus Select Trust REIT online using either UPI or ASBA as 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.
The finalization of Basis of Allotment for Nexus Select Trust REIT will be done on May 16, 2023, and the allotted shares will be credited to your demat account by May 18, 2023.
Check the IPO allotment status.
The Nexus Select Trust REIT IPO listing date is May 19, 2023.
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