Key Points
Nexus Select Trust REIT IPO: Blackstone-backed Nexus Select Trust REITs Rs 3,200 crore IPO opened for subscription on 9 May..
Select Trust raised Rs 1,440 crore from anchor investors on 8 May as the anchor book opened and closed for subscription yesterday...
Nexus Select Trust boasts of 17 malls located across 14 cities and according to the RHP, the trusts portfolio constituted 30% of Indias total discretionary retail spending in FY20 and had an average population..
This IPO will be the third REIT sponsored by Blackstone, which launched Indias first REIT, Embassy Office Parks, and then the Mindspace Business Parks REIT.However, while these REITs are focussed on office spaces, Nexus Select Trust will be Indias first listed rent-yielding retail REIT...
Considering the strong growth story in consumption space, healthy projected net operating income (NOI) growth of ~17% over FY24-26E, capital appreciation prospects, and healthy balance sheet with lower LTV ratio, we assign a Subscribe rating on a long term basis...
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Nexus Select Trust REIT IPO Day 2: Issue bid for 0.57 times; NIIs oversubscribe 1.05x for their portion
11, May, 23The Nexus Select Trust REIT IPO was subscribed 0.57 times on Day 2. The issue received 10.5 crore bids for the 18.5 crore units that are on offer.
Blackstone’s Nexus Select Trust REIT Rs 3,200 cr IPO to open 9 May; combination of fresh issue, OFS
01, May, 23Nexus Select Trust REIT Rs 3,200 crore IPO is set to open on May 9 and consists of both, a fresh issue of units as well as an offer for sale.
Blackstone-backed Nexus Select Trust's Rs 3,200 cr REIT IPO to open on May 9
30, Apr, 23The portfolio is 96% leased with a diversified tenant base of over 1,000 national and international brands like Apple. Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others across around 3,000 stores.
Nexus Select Trust raises Rs 1,440 cr from anchor investors; to hit market with Rs 3,200 cr REIT IPO on May 9
08, May, 23As per the regulatory filing on Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors, which included many mutual fund and insurance companies.
Blackstone's Nexus Select Trust IPO:Non Institutional Investors show interest so far; check details
09, May, 23Nexus Select Trust IPO: The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.