Key Points
Nexus Select Trust REIT IPO fully booked on Day 3: The Nexus Select Trust REIT IPO was subscribed 1.44 times on before the close of Day 3. The issue received 26.6 crore bids for the 18.5 crore units that are on offer...
The QIB portion was subscribed 1.27 times, while the NII portion was overbid for 163%..
Nexus Select Trust raised Rs 1,440 crore from anchor investors on 8 May as the anchor book opened and closed for subscription in 8 May..
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 REIT, and then theMindspace Business Parks REIT.However, while these REITs are focussed on office spaces, Nexus Select Trust will be Indias first listed rent-yielding retail REIT...
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