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Nexus Select Trust IPO subscribed 34% so far on day 2

10 May 2023 , 03:32 PM

Blackstone-backed Nexus Select Trust REIT’s Rs 3,200 crore IPO opened for subscription on 9 May and the issue was subscribed 34% so far on day 2 of the offer by 3.27 PM.

The QIB portion was subscribed 16%, while the NII portion was bid for 54%. The issue received bids for 6,21,73,950 units against 18,52,63,050 units on offer.

The company has fixed the price band at Rs 95 per unit to Rs 100 per unit for the issuenwhich will conclude on May 11.

This is the third REIT sponsored by Blackstone. It launched India’s first REIT Embassy Office Parks and then Mindspace Business Parks REIT.

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

Related Tags

  • Nexus Select Trust IPO
  • Nexus Select Trust IPO issue price
  • Nexus Select Trust IPO live subscription
  • Nexus Select Trust IPO subscription details
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