Nexus Select Trust REIT IPO allotment likely today; here’s how to check status

16 May 2023 , 10:09 AM

The finalisation of allotment of Nexus Select Trust REIT initial public offer (IPO) is likely to out today as per the schedule. Those, who have applied for this first Indian retail REIT initial offer, can check the allotment status on BSE website or on the website of IPO registrar, KFin Technologies Limited. 

To check the allotment status, you need to enter the details of your PAN Card and also the application number.

The India’s leading real estate investment trust (REIT) IPO has been subscribed 5.45 times on the final day of the offer. High networth individuals (HNIs) bought 6.22 times the allotted quota, while the portion set aside for qualified institutional buyers (QIBs) was subscribed 4.82 times.

The company aims to use the net proceeds from the IPO for repaying loans of the asset special purpose vehicles and the investment entity, and acquisition of stake and redemption of debt securities in certain asset SPVs, besides general corporate purposes.

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