Nexus Select Trust IPO fully subscribed; Last day to apply

11 May 2023 , 01:46 PM

The initial public offer of Nexus Select Trust, India’s leading real estate investment trust has received good response from the investors. The issue was subscribed fully on day 2 of the offer. On day 3, the issue was subscribed 1.26 times by 1.30 PM. Click here to subscribe the IPO.

The institutional investors bid for 8,73,21,900 shares out of 10,10,52,450 shares reserved, while HNI bids for 14,82,62,550 units out of 8,42,10,600 units reserved.

Nexus Select Trust REIT plans to raise Rs 3,200 crore via public issue which comprises a fresh issuance of units worth Rs 1,400 crore and an offer for sale of Rs 1,800 crore by selling shareholders.

The investment trust has already raised Rs 1,440 crore from anchor investors at the higher end of the price band.

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