The Rs 3200 crore initial public offer of Nexus Select Trust real estate investment trust (REIT) has been oversubscribed on day 3 of the offer. The issue was subscribed 3.60 times at 4.46 PM where QIBs section received 3.24 times bid while HNI portion received 4.40 times bid.
The issue opened for subscription on May 9 and will close today. The company has set a price band of Rs 95 – 100 per unit.
The RIET will finalise allocation on May 16 and the stock will trade on BSE and NSE on May 19.
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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