Nexus Select Trust is coming up with the book-built issue of equity shares in the REIT (Real estate investment trust). Nexus REIT is expected to be issued from 9th May to 11th May 2023. Equity shares with a face value of Rs 10 per equity share are to be issued at Rs 95-100 per share in this REIT. Let’s delve deeper into this upcoming REIT issue in May 2023.
About Nexus Select Trust
Nexus Select Trust, India’s premier real estate investment trust, is a leading consumption centre platform in the country. It has 17 top-notch Urban Consumption Centres situated in 14 cities, making it the foremost choice in the market. As of December 31, 2022, the company boasts of 9.8 million square feet of Leasable Area, 2 hotel assets with 354 keys, and 3 office assets covering 1.3 million square feet.
The tenants of Nexus Select Trust come from a variety of sectors including apparel and accessories, hypermarket, entertainment, and food and beverages (F&B), providing a diverse array of options. The company is also actively engaged in over 50 ESG initiatives to make a positive impact on people and the environment.
Nexus Select Trust caters to 14 cities in India, including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, which together make up 30% of the nation’s discretionary retail spending in FY20.
Nexus REIT Issue Details
| Issue Type | Book Built REIT Issue |
| Issue Opens | 9th May 2023 |
| Issue Closes | 11th May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 95 to Rs 100 Per Share |
| Issue Size | __ Shares (Rs 3200 crores) |
| Minimum Order Quantity | 150 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The Net Proceeds from the Fresh Issue will be utilised towards 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 REIT — Company Contact Details
- Registered & Corporate Office: Embassy 247, Unit No. 501, B Wing, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400 083, Maharashtra, India
- Telephone: +91 22 6280 5000
- Website: https://www.nexusselecttrust.com/
Nexus Select Trust REIT – Lead Managers of the Issue
- Bofa Securities India Limited (Past IPO Performance)
- Axis Capital Limited (Past IPO Performance)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
- Iifl Securities Ltd (Past IPO Performance)
- Jm Financial Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)
- Sbi Capital Markets Limited (Past IPO Performance)
Nexus Select Trust REIT – Registrar of the Issue
The registrar of this IPO issue is Kfin Technologies Limited.
Nexus Select Trust REIT Issue Prospectus
Click here to read the DRHP of this REIT Issue.
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