Opportunity to earn from this REIT IPO next week, price band fixed, know other details

IPO Market Update: Many investors wait for the IPO to earn in the Share Market. If you are also among such investors, then next week you are going to get a great opportunity in the market. The IPO (REIT IPO) of a Mall Real Estate Investment Trust portfolio is going to open in the market next week.

This IPO will be so big

This IPO is of Nexus Select Trust IPO. Nexus Select Trust is backed by Blackstone Inc. It has fixed a price band of Rs 95-100 for its IPO ie Initial Public Offering. The size of this IPO has been kept at Rs 3,200 crore. This IPO will open for subscription on May 9 and bidding can be done till May 11.

These 3 writs are already listed

This is the first of its kind REIT IPO in the Indian market. Right now there are already three REITs listed in the market, but all three are office assets. Already listed REITs in the market include Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India Real Estate Trust.

thus different from the three

Nexus Select Trust is completely different from all three, as it has retail assets. Nexus Select Trust is one of the largest mall platforms in India, with 17 high-quality assets. These assets are spread across 14 prime cities, including Select City Walk in Delhi, Nexus Seawoods in Navi Mumbai, Nexus Koramangala in Bengaluru, Nexus Elante in Chandigarh and Nexus Ahmedabad One in Ahmedabad.

reduced size

The IPO of Nexus Select Trust comprises both fresh issue and offer for sale. This includes fresh issue of Rs 1,400 crore and offer for sale of Rs 1,800 crore. Initially, the size of this IPO was going to be Rs 4,000 crore, but later it was reduced a bit.

must be applied at least

One lot of this IPO includes 150 units. This means that to invest in this IPO, at least Rs 15,000 will be needed. 75 percent of the IPO is reserved for institutional investors. After the closure of the IPO, units will be allotted to the eligible investors on May 16 and will finally be listed on the stock market on May 19.

Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)

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