Nexus Select Trust REIT

Nexus Select Trust REIT will open for subscription from 09 May 2023. the company aims for an issue size of ₹3,200Cr through this IPO.

About Company

The REIT’s portfolio includes 17 Grade A urban consumption centers with a total Leasable Area of 9.2 msf, two complementary hotel assets (354 keys), and three office assets (1.3 msf) as of 31 December 2022. Its assets are strategically located across 14 leading cities in India, which constituted 30% of India’s total discretionary retail spending in FY 2020 and had an average population CAGR that was 226 bps higher than the national average from financial years 2011 to 2021.

highest quality assets in prime in-fill locations of India’s major cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai. These cities have limited organized retail stock and continue to witness strong demand fundamentals as domestic and international retailers expand their businesses even as the future supply of retail space is expected to remain constrained.

A majority of its portfolio assets are market leaders in their respective submarkets and serve as shopping, entertainment, and social destinations for their respective catchments. As a result, it enjoyed a 96.2% average Committed Occupancy across the portfolio as of 31 December 2022, an 11% CAGR in tenant sales from FY 2018 to FY 2021, and a 7.5% CAGR in Marginal Rents across the portfolio from CY 2016 to CY 2019.

Basic details about the company

Full nameNexus Select Trust
Company Website

The Objective of the Issue

  • Partial or full repayment or prepayment and redemption of the certain financial indebtedness of the Asset SPVs and the Investment Entity,
  • Acquisition of stake and redemption of debt securities in certain Asset SPVs,
  • General purposes.

IPO Timetable

IPO Opening date09 May 2023
IPO Closing11 May 2023
Basis of Allotment16 May 2023
Initiation Refund17 May 2023
Credit to Demat Account18 May 2023
Listing Date19 May 2023

IPO details

Issue typeBook Built Issue REIT
IPO issue size₹3,200 Cr
Fresh Issue₹1,400 Cr
Offer for sale₹1,800 Cr
Face valueNot applicable
Price Band₹95 to ₹100 per share
Lot size150 Shares
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)1150₹15,000

Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered25%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income206.74(199.11)(10.95)257.02
PAT Margin (%)12.75(21.95)(0.83)17.57
(Amount in ₹ Crors)

Sponsors of Nexus Select REIT

  • Wynford Investments Limited

Lead Manager(s)

  • Bofa Securities India Limited
  • Axis Capital Limited
  • Citigroup Global Markets India Private Limited
  • HSBC Securities & Capital Markets Pvt Ltd
  • IIFL Securities Ltd
  • JM Financial Limited
  • J.P. Morgan India Private Limited
  • Kotak Mahindra Capital Company Limited
  • Morgan Stanley India Company Pvt Ltd
  • SBI Capital Markets Limited

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222

Contact Details

Embassy 247, Unit No. 501, B Wing,
Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400 083
Phone: +91 22 6280 5000

Allotment Status

Nexus Select REIT IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Nexus Select Trust REIT is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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