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 |
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