Nexus Select Trust listed at 3% premium over the issue price

India’s first retail-focused REIT, Nexus Select Trust shares has made positive debut on the Dalal Street. The trust is listed at 3% premium at Rs 103 on NSE over the issue price of Rs 100 and at Rs 102.27, up 2.27% on BSE. 

Nexus Select Trust is the owner of India’s leading consumption centre platform of high-quality assets, which serves as essential consumption infrastructure for India’s growing middle class. The REIT IPO of Rs 3200 crore has received a healthy response from investors.

The issue was subscribed 5.45 times from May 9 to May 11. The issue has seen 4.81 times subscription from institutional investors, and non-institutional investors have bid for 6.23 times the allotted quota.

The price band for the offer was Rs 95-100 per unit.