About Nexus Select Trust REIT IPO
Nexus Select REIT is one of India’s leading consumption center platform providers and owners of high-quality infrastructure assets. The REIT’s portfolio comprises 17 Grade-A urban consumption centers in 14 leading cities with a total leasable area of 9.2 million square feet.
Nexus Select Trust primarily deals with consumption centers. It holds India’s largest consumption centers’ portfolio, with an average of 96.2% committed occupancy as of December 31, 2022. Their tenant base comprised 1,044 domestic and 2,893 international brand stores during the same period.
With investments across industries, Nexus Select is backed by Blackstone, the world’s largest alternative asset manager.
Nexus Select Trust REIT IPO Details
Nexus Select Trust REIT is India’s first REIT to launch an initial public offering. The total issue size of Rs. 3,200 crore consists of Rs. 1,400 crore and an offer for sale of Rs. 1,800 crore.
Nexus Select Trust REIT IPO is a book-building type IPO that will open on both BSE and NSE. The Nexus Select Trust REIT IPO date is fixed for May 9–11, 2023, for investors to submit their bid applications.
The IPO will list on the bourses on May 19, 2023.
| Bidding Dates 09 May ’23 – 11 May ’23 | Price Range ₹95 – ₹100 |
| Minimum Investment ₹15,000 / 1 Lots (150 Shares) | Maximum Investment To be announced |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor | Issue Size ₹ 3,200 crore |
Nexus Select Trust REIT IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date May 9, 2023 | IPO Closing Date May 11, 2023 |
| Basis of Allotment May 16, 2023 | Initiation of Refunds May 17, 2023 |
| Credit of Shares to Demat Account May 18, 2023 | IPO Listing Date May 19, 2023 |
Nexus Select Trust REIT IPO Subscription Details
| Date | QIB | Total |
|---|---|---|
| Day 1 May 9, 2023 | 0.16 | 0.27 |
| Day 2 May 10, 2023 | 0.16 | 0.22 |
Nexus Select Trust REIT IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | 0.16 |
| Non-Institutional Buyers | [.] |
| Retail Investors | [.] |
| Employees | [.] |
| Others | 0.29 |
| Total | 0.22 |
Nexus Select Trust REIT IPO Objective
The net proceeds from the fresh issues will be utilized for
- Partial or full repayment of certain market borrowings of the Asset SPVs and the investment entities
- Acquisition of stakes and dissolving certain debt securities for the asset SPVs
- General corporate purposes
Should you invest in Nexus Select Trust REIT?
Here are the top reasons to consider before investing in the IPO:
- Its commercial spaces are in prime cities like Delhi, Bengaluru, Pune, Hyderabad, Navi Mumbai, etc.
- India’s retail commerce is expected to grow steadily (brick-and-mortar and online), supported by rapid urbanization and the rising purchasing power of the growing middle class.
- It offers a mixed portfolio of assets, including two complimentary hotels and three office assets.
Noteworthy Highlights of Nexus Select Trust REIT
- The company enjoyed 11% growth (CAGR) between FY18 and FY20 in tenant sales in its properties, where marginal rent across its portfolio grew at a 7.5% CAGR from CY16 to CY19.
- It offers a well-diversified portfolio of assets, with no single asset or tenant contributing more than 18.3% or 2.8% of the total gross rentals, respectively.
Nexus Select Trust REIT Company Financials
| Particulars | Period ending on December 31, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 14,631.49 | 13,182.10 | 9,069.75 |
| Profit After Tax (PAT) | 2570.20 | 109.52 | 1991.10 |
| PAT Margin | NA | NA | NA |
| EBITDA | 9,431.81 | 8,579.82 | 6,130.26 |
| As of December 31, 2022 | As of March 31, 2022 | As of December 31, 2021 | |
| Total Current Asset | 14,733.18 | 14,673.57 | 12,412.87 |
| Total Current Liabilities | 10,816.41 | 10,127.64 | 9,128.09 |
Know before investing
Strengths
- It holds the largest portfolio of consumption centers, with an average occupancy of 96.2%.
- A healthy mix of tenants supports its business.
- A highly stabilized portfolio of assets positioned for solid organic growth.
Risks
- Interested investors should understand the business patterns of REITs before investing.
- The company may obtain external debt post-IPO to repay certain indebtedness.
- Its debt situation can significantly impact the company’s cash flow.
Please Click Here To Apply For Nexus Select Trust REIT IPO
#ipo #stockmarket #bitcoin #money #trading #forextrader #investment #wallstreet #stocks #entrepreneur #forex #trader #investor #investing #cryptocurrency #invest #business #daytrader #binaryoptions #forexsignals #profit #success #finance #wealth #makemoneyonline #forexlifestyle #forextrading #motivation #millionaire #entrepreneurship #daytrading #thrillingsecurities #thrilling