Check live subscription status of Nexus Select Trust IPO on Day 2

10 May 2023 , 11:26 AM

The first RIET IPO of Nexus Select Trust has been subscribed 28% on day 1 of the offer. The issue received bids for 5,00,49,000 units against 17,60,00,100 units on offer, as per BSE data. Click here to subscribe the IPO.

On day 2 by 11. 15 AM, the issue was subscribed 22% overall with institutional investors portion subscribed 16% and non- institutional investors portion subscribed 29%.

On Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors.

The trust has a portfolio of 17 operational shopping malls, including Delhi’s premium Select City Walk, across 14 major cities covering a 9.8 million square feet area. It operates two hotels with 354 keys, and also office spaces as part of mixed use development.

BofA Securities India, Axis Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), IIFL Capital Services, JM Financial, J P Morgan India, Kotak Mahindra Capital Company, Morgan Stanley India Company and SBI Capital Markets are the managers to the offer.

Nexus Select Trust RIET IPO Important Details

Open date	May 9, 2023
Close date	May 11, 2023
Lot size	150 shares
IPO size (Rs crore)	Rs 3200 crore
IPO price range (Rs)	Rs 95-100 per share
Minimum investment	15,000
Basis of allotment date	May 16, 2023
Refunds date	May 17, 2023
Credit to demat account date	May 18, 2023
Listing date	May 19, 2023