[ad_1]
Nexus Select Trust IPO: The IPO of Nexus Select Trust REIT (Nexus Select Trust), one of the main trusts investing in real estate, is going to open today i.e. Tuesday, 9th May. In such a situation, there is already a stir in the IPO market. Nexus Select Trust IPO has raised about Rs 1,440 crore through anchor investors on Monday even before opening. It is worth noting that this amount has been raised through a total of 20 anchor investors. According to the information given to the exchange, the trust has told that a total of 14.39 crore shares have been issued at Rs 100 each to anchor investors.
Which anchor investors bid
According to the trust, the anchor investors who have bid in the IPO of Nexus Select Trust are HDFC Life Insurance Company, Prusic Acid Unit Fund Plc, IIFL income opportunities fund, Morgan Stanley Asia, Seganti India Mauritius, HDFC Trustees, ICICI Prudential, NPS Trust , SBI General Life Insurance, Ghisalo Master Fund LP etc.
Know the details of IPO-
Through this IPO, Nexus Select Trust is trying to raise a total fund of Rs 3,200 crore. In this IPO, the company will issue fresh shares worth Rs 1400 crore and a total of Rs 1800 crore will be issued through offer for sale. Today i.e. May 9, 2023, this IPO will open and close on May 11, 2023. The price band of this issue has been fixed between Rs 95 and Rs 100 and investors can buy only lots of 150 shares at once.
Out of this IPO, 25 per cent has been reserved for High Net Worth Individuals (HNI) and 75 per cent for Qualified Institutional Investors. The shares of this IPO will be allotted on May 16 and after that the shares will be listed on the stock exchange on May 19. This listing will be done in National Stock Exchange and Bombay Stock Exchange. Nexus Select Trust is a company investing in real estate. It owns the country’s largest mall platform. This company has 17 very expensive assets in 14 big cities of the country.
read this also-
Reserve Bank Of India: Big action by RBI, imposed a hefty fine of Rs 1.73 crore on this bank
[ad_2]
Source link