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Nexus Select Trust IPO: The IPO of Blackstone-backed Nexus Select Trust REIT (Nexus Select Trust) has suffered due to the bad sentiment of the stock market. The IPO has got off to a disappointing start on the stock exchange. The listing of the IPO has been done on the Stock Exchange at a price of Rs 103, which is just 3 percent more than its issue price of Rs 100 per share. The IPO of Nexus Select Trust opened at Rs 103 on the National Stock Exchange.
IPO of Nexus Select Trust (Nexus Select Trust IPO) Was subscribed 5.45 times. In which the reserve quota for institutional investors was subscribed 4.81 times and the quota for other category was subscribed 6.23 times. The IPO of Nexus Select Trust was open from May 9 to May 11. The Nexus Select Trust IPO raised around Rs 1,440 crore from anchor investors. A total of 14.39 crore shares were issued to anchor investors at a price of Rs 100 per share.
HDFC Life Insurance Company, Prusic Acid Unit Fund Plc, IIFL income opportunities fund, Morgan Stanley Asia, Seganti India Mauritius, HDFC Trustee, ICICI Prudential, NPS Trust, SBI General are among the anchor investors who bid in the IPO of Nexus Select Trust. Life Insurance, Ghisalo Master Fund LP.
Nexus Select Trust has raised a total of Rs 3,200 crore through IPO. In which the company has raised Rs 1400 crore by issuing new shares and has raised a total of Rs 1800 crore through offer for sale. The price band of the IPO was fixed at Rs 95 to Rs 100 per share. 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. VIEW THE CLIENTS 1044 domestic and international brands are Nexus’ clients. By December 2022, the company had 2893 stores.
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