Nexus Select Trust IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 11, 2023Let’s have a detailed review of the company and analytics of the Nexus Select Trust IPO release date, IPO offer price, subscription, Nexus Select Trust Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 100 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 150 Shares |
| Listing Date | May 19, 2023 |
| Offer for Sale | Rs 1,800.00 Cr. |
| Fresh Issue | Rs 1,400.00 Cr. |
| IPO Size | Rs 3,200.00 Cr. |
| Tick Size | 1 |
Nexus Select Trust IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Nexus Select Trust Share Price |
Nexus Select Trust IPO – Summary
They are the owner of India’s leading consumption centre platform of high-quality assets that serve as essential consumption infrastructure for India’s growing middle class.
They expect to be the first publicly listed consumption centre REIT in India upon the listing of their Units on the Stock Exchanges. Consumption growth has served as a key driver of the Indian economy over the last decade, and they believe their Portfolio is well-positioned to benefit from the consumption tailwinds of India’s growing middle class and rapid urbanization
The Promoter of this company is NA. The lead manager of the issue is BofA Securities India Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital, IIFL Securities Limited, JM Financial Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company, Morgan Stanley India Company and SBI Capital Markets Limited, and the Registrar of this issue is KFin Technologies Limited.
Nexus Select Trust IPO Date
The opening and closing dates of Nexus Select Trust IPO are May 9, 2023, and May 11, 2023, respectively.
Nexus Select Trust IPO Subscription
| Day / Date | QIB | Other | Total Subscription |
| 1st Day – 9th May | 0.16x | 0.40x | 0.27x |
| 2nd Day – 10th May | 0.17x | 1.05x | 0.57x |
| 3rd Day – 11th May | 4.81x | 6.23x | 5.45x |
| Shares Offered or Net Issue | 101,052,450 | 84,210,600 | 185,263,050 |
The shares subscribed by the public will be updated here.
Nexus Select Trust IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Nexus Select Trust Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 16, 2023 |
| Refunds Initiation | May 17, 2023 |
| Credit of Shares to Demat Account | May 18, 2023 |
| Share Listing Date | May 19, 2023 |
Nexus Select Trust IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 100
Nexus Select Trust IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 100 per equity share aggregating to Rs.3,200.00 Cr.
Nexus Select Trust IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.3,200.00 Cr.
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Nexus Select Trust IPO – Live Performance
The listing date of this IPO is May 19, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Nexus Select Trust Share Price |
Nexus Select Trust IPO Grey Market Premium
The Nexus Select Trust Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Nexus Select Trust IPO – Company Overview
They own India’s largest portfolio of consumption centres and replicating a platform of similar scale, quality and geographical diversity would be difficult due to the limited availability of prime city centre land parcels, long development timelines, and specialized capabilities required for developing, stabilizing and operating comparable assets.
Their Portfolio has a tenant base of 1,044 domestic and international brands with 2,893 stores as of December 31, 2022, and is well diversified across cities with no single asset and tenant contributing more than 18.3% and 2.8% of their total Gross Rentals for the month of December 31, 2022, respectively.
They have curated 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.
Nexus Select Trust IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 89,895.34 | 90,897.66 | 89,593.59 | 95,276.35 |
| *Total Revenue | 14,983.52 | 14,983.52 | 10,479.70 | 17,081.88 |
| Total Expense | 5,641.71 | 5,405.33 | 4,349.44 | 6,309.73 |
| Profit After Tax | 2,570.20 | (109.52) | (1,991.10) | 2,067.36 |
Earnings per Equity Share (in Million)
| 31-Mar-23 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | (2.32) | (271.38) | – | – |
Further, their PAT for the period ended on Dec 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 2,570.20 Million, Rs. (109.52) Million, Rs. (1,991.10) Million and Rs. 2,067.36 Million respectively.
Nexus Select Trust IPO – Promoters
The Promoter of this company is:
- NA
List of Related Parties (Key Managerial Personnel)
- NA
Nexus Select Trust IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Nexus Select Trust IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.3,200.00 Cr |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Nexus Select Trust IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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; and
- General purposes
Nexus Select Trust IPO – Business Strategy
- Proven track record of resilient performance
- Strategically located assets in prime locations
- Difficult to replicate platform with high barriers to entry
- Attractive demand-supply fundamentals
Nexus Select Trust IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Located in India, one of the world’s fastest-growing consumption-led major economies;
- India’s largest platform of best-in-class assets with a presence in 14 of India’s key consumption cities;
- Highly occupied by a diversified tenant base of renowned national and international brands;
- Strong embedded growth with inflation-hedged cash flows;
- Strategically located in prime in-fill locations with high barriers to entry;
- 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; and
- Long-term ESG commitment.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | – | – | – |
| 31-Mar-21 | – | – | – |
| Mar-20 | – | – | – |
Nexus Select Trust IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Nexus Select Trust Limited | 10 | [●] | – | – | 14,983.52 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Nexus Select Trust IPO Lead Managers
| Lead Managers |
| BofA Securities India Limited Citigroup Global Markets India Private Limited HSBC Securities and Capital IIFL Securities Limited JM Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Morgan Stanley India Company SBI Capital Markets Limited |
Nexus Select Trust IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited Selenium, Tower B, Plot No. 31 and 32 Financial District, Nanakramguda Serilingampally, Hyderabad Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: nexusselecttrust.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR00000022 |
Nexus Select Trust IPO – Other Details
- Statutory Auditor – S R B C and Co LLP
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – NA
Nexus Select Trust IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Nexus Select Trust Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Nexus Select Trust IPO Review FAQs
Check out various FAQs related to Nexus Select Trust IPO:
What is the Issue Size of Nexus Select Trust IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Nexus Select Trust IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 100. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Nexus Select Trust IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 9, 2023, while the closing date is set for May 11, 2023.
What is the Nexus Select IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 16, 2023, refund initiation is on May 17, 2023, credit of shares is on May 18, 2023, and share listing date is on May 19, 2023.
What is the Nexus Select IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 19, 2023. The date, when the listing would be done, is stagnant on May 19, 2023.
Who is the Registrar of Nexus Select Trust IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Nexus Select IPO?
Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Nexus Select IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Nexus Select IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Nexus Select Trust Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Million is (109.52), 2021 is (1,991.10), and 2020 is 2,067.36. PAT from Dec 2022 is 2,570.20.
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