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 |
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