FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Nexus Select Trust REIT IPO Details 2023

REIT Status: Listed [9th May 2023 to 11th May 2023]

Rated 3/5 by Team InvestorGain
Nexus Select Trust REIT Detail

Nexus Select Trust Limited offers a REIT IPO issue size of Rs 3200.00 Cr, Subscription for this REIT IPO is opening from 09 May 2023 to 11 May 2023. The issue price band for this REIT IPO is ranging from Rs 95 to Rs 100 per shares and the lot size is 150 shares and its multiples.

Check out Nexus Select Trust Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

Nexus Select Trust REIT Details

REIT Issue Opening Date: 9th May 2023
REIT Issue Closing Date: 11th May 2023
REIT Issue Price: ₹95-100 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota:
REIT Issue Type: Book Build Issue
REIT Issue Size: ₹3200.00 Cr
Offer for Sale: ₹1800.00 Cr
Fresh Issue: ₹1400.00 Cr
Face Value: ₹0 Per Equity Share
REIT Discount: TBD
Promoter Holding Pre IPO:
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 543913
NSE Code: NXST

Nexus Select Trust REIT Important Dates

Get important updates regarding Nexus Select Trust REIT tentative timeline covering REIT opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Nexus Select Trust REIT dates
REIT Activity Date
Basis of Allotment Date* 16th May 2023
Refunds Initiation* 17th May 2023
Credit of Shares to Demat* 18th May 2023
REIT Listing Date* 19th May 2023

* - Tentative Dates

Nexus Select Trust REIT Lots

REIT Activity Date
Issue Price ₹95-100
Market Lot: 150 Shares
1 Lot Amount: ₹15000

Nexus Select Trust IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
19-05-20231003--₹103 (3%)19-May-2023 9:00
IPO Live GMP
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Nexus Select Trust

Nexus Select Trust is incorporated in Mumbai in the year 2022. Nexus Select Trust owns India's leading consumer center platform of high quality assets that serve as critical consumption infrastructure for India's growing middle class. Its portfolio offers an attractive opportunity to benefit from India's consumer growth through a robust business model and diversified asset base that can serve as a natural hedge against inflation. Nexus Select believes its portfolio is well positioned to benefit from the tailwinds of India's growing middle class and rapid urbanization.

Nexus Select believes it has invested in the highest quality properties in prime locations in major Indian cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai. There is limited inventory of organized retail in these cities, and demand remains strong as domestic and international retailers expand their operations, although the future supply of retail space is expected to remain limited. The quality, scale and reach of its India-wide portfolio, superior shopping experience and holistic retail offering have enabled the company to occupy a market-leading position, making most of the portfolio's properties preferred destinations for leading brands looking to expand in India

The company owns India's largest portfolio of consumer centers, and it would be difficult to replicate a platform of similar size, quality and geographic diversity due to the limited availability of prime land in city centers, long development timelines and specialized skills required to develop, stabilize and operate comparable properties. The portfolio has a tenant base of 983 domestic and international brands with 2,9242 stores as of June 30, 2022 and is well diversified across cities, with no single property or tenant contributing more than 17.5% and 3.0%, respectively, of total gross rents for the month of June 30, 2022.

Nexus Select Trust REIT Strengths

  • Located in India, one of the world's fastest-growing consumption-led major economies
  • Strong embedded growth with inflation-hedged cash flows
  • Fully integrated platform with a highly experienced management team
  • Proprietary insights and access through industry-leading technology initiatives
  • Renowned Sponsor with global expertise and local knowledge
Incorporation Sector IPO Issue Size Website
2022 Real Estate and Leased Property ₹3200.00 Cr https://www.nexusselecttrust.com/

Nexus Select Trust REIT Objective

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:

  • Partial or full repayment or prepayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entity;
  • Acquisition of stake and redemption of debt securities in certain Asset SPVs; and
  • General purposes
Request call back from Zerodha

Nexus Select Trust REIT Live Subscription (NSE + BSE)

The table below is live update of REIT bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 101,052,450 Shares
  • Shareholders and Other Quota: 84,210,600 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBOtherTotal
 # of Shares Offered101,052,450 (54.55%)84,210,600185,263,050
19th May 2023 19:040.16x0.40x0.27x
210th May 2023 19:040.17x1.05x0.57x
311th May 2023 19:044.81x6.23x5.45x
Nexus Select Trust Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and SurplusTotal Borrowing
31-Mar-209,527.641,708.19206.74976.055,955.67
31-Mar-218,959.361,047.97-199.11340.896,281.38
31-Mar-229,089.771,398.52-10.95389.156,311.20
31-Dec-228,989.531,498.35257.02639.315,872.31
Amount in ? Crore

Company Address

Nexus Select Trust
Embassy 247, Unit No. 501, B Wing, Lal Bahadur Shastri Marg, Vikhroli West
Mumbai,Maharashtra-400 083
India
Website: https://www.nexusselecttrust.com/
Phone: +91 22 6280 5000
Email: [email protected]

Nexus Select Trust REIT Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]
Nexus Select Trust REIT Important dates - Issue Open Date, close Date, REIT Listing Date. REIT Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, REIT Listing date. What is the issue open date and close date for Nexus Select Trust? Should I apply in Nexus Select Trust REIT?

Last Updated on 22-May-2023 09:00:13

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nexus Select Trust REIT with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nexus Select Trust REIT with Zerodha.

Alternate approch to apply in Nexus Select Trust REIT is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Nexus Select Trust REIT Review and Important Updates

Other relevant questions :

How to subscribe Nexus Select Trust REIT Zerodha? How to purchase Nexus Select Trust REIT on Zerodha? Nexus Select Trust REIT how to buy Zerodha? Nexus Select Trust REIT Zerodha apply. Nexus Select Trust REIT purchase Zerodha. Nexus Select Trust REIT with Zerodha. Nexus Select Trust REIT at Zerodha. Nexus Select Trust REIT kite Zerodha. Nexus Select Trust REIT using Zerodha. Nexus Select Trust REIT via Zerodha.

 

Apply in Nexus Select Trust REIT online

To subscribe or apply in Nexus Select Trust REIT, you can use the following methods:

Nexus Select Trust REIT Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Nexus Select Trust REIT directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Nexus Select Trust REIT with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Nexus Select Trust REIT. Most of the Syndicate Banks provide access to apply in Nexus Select Trust IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nexus Select Trust REIT via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Nexus Select Trust REIT via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Nexus Select Trust REIT Review and Important Updates

Other relevant question on same topics are:

Where to subscribe Nexus Select Trust REIT? Where to apply for Nexus Select Trust REIT? How to subscribe Nexus Select Trust REIT online? Nexus Select Trust REIT where to apply? Where to buy Nexus Select Trust REIT online? How to buy Nexus Select Trust REIT online? How to purchase Nexus Select Trust REIT? How to get Nexus Select Trust REIT? How to book Nexus Select Trust REIT? How to invest Nexus Select Trust REIT? Nexus Select Trust REIT kaise buy kare?

 

Applying in Nexus Select Trust REIT is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Nexus Select Trust REIT application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Nexus Select Trust REIT, please refer article >> Link

Nexus Select Trust REIT Review and Important Updates

Steps to download the online application form for Nexus Select Trust REIT

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 150 and max 1950 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

Other relevant questions:

How to fill Nexus Select Trust REIT form? How to fill Nexus Select Trust REIT form online? Nexus Select Trust REIT online form? Nexus Select Trust REIT online form fill up? Nexus Select Trust REIT blank form download? Nexus Select Trust REIT bid form? Nexus Select Trust REIT full form? Nexus Select Trust REIT form nse? Nexus Select Trust REIT form bse? Nexus Select Trust REIT form online? Nexus Select Trust REIT form print? Nexus Select Trust REIT application amount?

 

Nexus Select Trust REIT is going to be list on 19-05-2023. NSE Code for Nexus Select Trust is NXST. BSE Code for Nexus Select Trust is 543913.

Other relevant questions:

When Nexus Select Trust REIT will be listing? Nexus Select Trust REIT NSE listing date?Nexus Select Trust REIT date of listing.Nexus Select Trust REIT BSE listing date?

 

Nexus Select Trust REIT Allotment Date is 16-05-2023.

Other relevant questions:

Nexus Select Trust REIT share allotment date?Nexus Select Trust REIT allotment date?

 

Next Select Trust IPO is India’s first retail REIT (Real Estate Investment Trust) IPO. It is one of the biggest mall operator companies in India followed by Phoenix Malls, DLF, Virtuous Retail, and Lulu Group. Next Select REIT manages 10 million square feet of retail space or Uban Consumption Centres (UCC) across 17 malls. Nexus Select REIT IPO is an initial public offering of Rs 3,200 crore opens for subscription from 9 May to 11 May 23.

 

Before betting on a REIT, you must know how REITs differ from other IPOs. Regular IPOs provide you listing returns based on share listing price, unlike it, Nexus Select REIT will make 3 types of payment to investors;

  • Rental income received from the real estate properties of Nexus Select.
  • Payment of dividends received from subsidiaries (known as Special Purpose Vehicle or SPV)
  • Income from periodic interest and repayment of loans given to SPVs.

 

If you buy and hold Nexus Select REIT shares for a period of 3 years or above, the capital gain above Rs 1 lakh will be taxed at 10%. However, if you sell shares before the completion of 3 years, the profit earned will be taxed at the short-term capital gain tax of 15%.

Dividend income from REIT is entirely tax-free in the hand of investors. Suppose, an investor's income comes in the tax bracket of 20%, then rental income and interest income both will be taxed at the same rate.

 


User Reviews

5. harshad Apr 29 2023 08:00:10 AM Reply
Nexus Select Trust REIT REIT expected listing gain.
4. Henant kumar upadhyay Apr 29 2023 08:00:10 AM Reply
Please confirm Nexus Select Trust REIT REIT GMP (grey market premium) and kostak.
3. Raghavendra Singh Apr 29 2023 08:00:10 AM Reply
Nexus Select Trust REIT REIT good or bad.
2. Rakes Apr 29 2023 08:00:10 AM Reply
Nexus Select Trust REIT REIT whether to invest or not.
1. ABHISHEK KUMAR GAUTAM Apr 29 2023 08:00:10 AM Reply
Nexus Select Trust REIT REIT - CRISIL Rating, Apply or not?.