What is the issue size of Nexus Select Trust REIT IPO?

The issue size of the Nexus Select Trust REIT Tools IPO is Rs 3,200 cr.

What is 'pre-apply' for Nexus Select Trust REIT IPO?

Pre-apply will alow you to apply for the Nexus Select Trust REIT IPO 2 days before the subscription period starts.

If I pre-apply for Nexus Select Trust REIT IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Nexus Select Trust REIT IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Nexus Select Trust REIT IPO order is placed?

We will notify you when your Nexus Select Trust REIT IPO order is placed with the exchange.

What are the open and close dates of the for Nexus Select Trust REIT IPO?

Nexus Select Trust REIT IPO will be open between May 9, 2023 - May 11, 2023.

What is the lot size and minimum order quantity of the Nexus Select Trust REIT IPO?

The Nexus Select Trust REIT Limited IPO lot size is 150 shares.

What are the allotment dates for the Nexus Select Trust REIT IPO?

Nexus Select Trust REIT IPO allotment date is May 16, 2023. For Nexus Select Trust REIT IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Nexus Select Trust REIT IPO?

Nexus Select Trust REIT IPO registrar is KFin Technologies Pvt Ltd. You can check Nexus Select Trust REIT IPO allotment status on the website of the registrar.

Where is the Nexus Select Trust REIT IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Nexus IPO

Nexus Select Trust

₹14,250 /150 sharesMinimum Investment

Nexus IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹100.00₹104.00₹4.00 (4.00%)
Nexus IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
9 May ‘23 - 11 May ‘23₹14,250150₹95 - ₹100
Issue SizeIPO Doc
3200.00CrRHP PDF
Subscription Status As on 11 May '23, 5:05 PMQualified Institutional Buyers
1.56x
Non-Institutional Investor
2.18x
Total
1.84x
About NexusNexus Select Trust is the owner of shopping malls and other retail properties in India. The company's assets are located across 14 cities in India, constituting 30% of India's total discretionary retail spending (FY20). The company has tenants across sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages to provide consumers a holistic shopping and entertainment experience. ;
Parent Organisation
Nexus Select Trust
Founded
2016
Managing Director
Mr. Dalip Sehgal
Strengths & Risks
The company is India's largest consumption center platform, owning 17 urban consumption centers across 14 cities.
With a mix of leading international and Indian brands, the company has a diversified tenant base of 983 high-quality retail tenants across 2,924 stores. 
The company's assets are located in city-center locations in close proximity to dense residential catchments and are well-connected to key transport and social infrastructure. This may make it difficult for competitors to replicate the company's scale and expertise in managing large urban consumption center projects.
The company has powerful network effects due to its scale and deep industry relationships (proprietary advantage). 
The company has implemented over 50 ESG initiatives in the last three fiscal years and three months to create a positive impact on communities and the environment.
The company may face challenges with debt repayment and related interest risks due to its significant debt usage in operating the business, which could negatively impact its cash flows and operating results.
The company's investment opportunities may be limited due to the REIT regulations and other regulatory frameworks in India, which may prevent the company from acquiring or disposing of assets and exploring new opportunities.
Low occupancy and rent levels of the company's urban consumption centers, hotels, and commercial office spaces may negatively impact the company's revenues, cash flows, and financial condition.
The development and construction of new projects in the portfolio may expose the company to various risks and uncertainties, adversely affecting its business, financial condition, and cash flows.
The company's lack of operating history and uncertainty regarding its ability to generate sufficient cash flows to sustain distributions pose risks to its ability to achieve business objectives and maintain financial stability.
The company's dependence on a limited number of large tenants poses risks to its business, as any conditions that impact these tenants, properties, or markets may negatively affect its revenue from operations and financial condition.
The company is subject to outstanding litigations and regulatory actions involving its Asset SPVs and Investment Entity, which could negatively affect its business.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹95 - 100₹2 Lakh
High Networth Individual₹95 - 100₹2 - 5 Lakh
For Nexus IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹100.00	₹104.00	₹4.00 (4.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
9 May ‘23 - 11 May ‘23	₹14,250	150	₹95 - ₹100

Issue Size	IPO Doc
3200.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹95 - 100	₹2 Lakh
High Networth Individual	₹95 - 100	₹2 - 5 Lakh

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