-- / 150 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
100
Lot Size
150
IPO Size
₹ 3200.00 Cr
IPO Listing Details
Listing On
19 May'23
Issue Price
--
Listed Price
₹ 103
Retail Gain/Listing Gain
▲3.00%
IPO Timeline
Company Background
Nexus Select Trust is the owner of India’s leading consumption centre platform for high-quality assets that serve as essential consumption infrastructure for India’s growing middle class (Source: CBRE Report, by Completed Area). They expect to be the first publicly listed consumption centre REIT in India upon the listing of its Units on the Stock Exchanges.
The company’s assets are strategically located across 14 leading cities in India, including the highest quality assets in prime in-fill locations of India’s major cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai.
Additionally, they hold a tenant base of 1,044 domestic and international brands with 2,893 stores as of December 31, 2022 and is well diversified with a healthy mix of tenants across sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages (“F&B”) in order to provide a holistic shopping and entertainment offering to consumers.
Risk Factors
- Strict REIT regulations
- Uncertain external factors can impact profitability of assets
- Majority of revenue derived from a few large tenants
Key Strategies
Here are a few strategies Nexus Select Trust Private Limited has for its business:
- Capitalise on their Portfolio’s embedded organic growth opportunities
- Proactive asset management driving growth in value
- Disciplined acquisition strategy with a strong balance sheet
Key Financials
And finally here’s a look at key financials of Nexus Select Trust Private Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 58s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Nexus Select Trust IPO FAQs
When is Nexus Select Trust IPO listing date?
Nexus Select Trust will list on 2023-05-19.
What is the issue size of Nexus Select Trust IPO?
3200.00 is the issue size of Nexus Select Trust IPO.
What is the price band of the Nexus Select Trust IPO?
The price band of Nexus Select Trust IPO is ₹100 to ₹0.
What is Nexus Select Trust Private Limited IPO?
The Nexus Select Trust Private Limited IPO has an issue size of Rs. 3,200 crores. The IPO opens for subscription on 9th May and ends on 11th May.
Who is the Registrar of Nexus Select Trust Private Limited IPO
KFIN Technologies Private Limited is the registrar for this IPO.
Where can I read more about Nexus Select Trust Private Limited business?
You can read more about Nexus Select Trust Private Limited and its IPO from the company’s red herring prospectus (RHP) here: Nexus Select Trust Private Limited RHP.
