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REIT Status: Listed [9th May 2023 to 11th May 2023]
Rated 3/5 by Team TopShareBrokers
Nexus Select Trust Limited offers a REIT IPO issue size of Rs 3200.00 Cr, Subscription for this REIT IPO is opening from 09 May 2023 to 11 May 2023. The issue price band for this REIT IPO is ranging from Rs 95 to Rs 100 per shares and the lot size is 150 shares and its multiples.
Check out Nexus Select Trust Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| REIT Issue Opening Date: | 9th May 2023 |
| REIT Issue Closing Date: | 11th May 2023 |
| REIT Issue Price: | ₹95-100 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | |
| REIT Issue Type: | Book Build Issue |
| REIT Issue Size: | ₹3200.00 Cr |
| Offer for Sale: | ₹1800.00 Cr |
| Fresh Issue: | ₹1400.00 Cr |
| Face Value: | ₹0 Per Equity Share |
| REIT Discount: | TBD |
| Promoter Holding Pre IPO: | |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 543913 |
| NSE Code: | NXST |
In this section we have covered all important dates related to Nexus Select Trust REIT. Dates are updated as they are announced. The most noted dates are REIT start date and REIT end date, which one should use to participate in REIT.
| REIT Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th May 2023 |
| Refunds Initiation* | 17th May 2023 |
| Credit of Shares to Demat* | 18th May 2023 |
| REIT Listing Date* | 19th May 2023 |
* - Tentative Dates
| REIT Activity | Date |
|---|---|
| Issue Price | ₹95-100 |
| Market Lot: | 150 Shares |
| 1 Lot Amount: | ₹15000 |
Zerodha Free Demat Account
Nexus Select Trust is incorporated in Mumbai in the year 2022. Nexus Select Trust owns India's leading consumer center platform of high quality assets that serve as critical consumption infrastructure for India's growing middle class. Its portfolio offers an attractive opportunity to benefit from India's consumer growth through a robust business model and diversified asset base that can serve as a natural hedge against inflation. Nexus Select believes its portfolio is well positioned to benefit from the tailwinds of India's growing middle class and rapid urbanization.
Nexus Select believes it has invested in the highest quality properties in prime locations in major Indian cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai. There is limited inventory of organized retail in these cities, and demand remains strong as domestic and international retailers expand their operations, although the future supply of retail space is expected to remain limited. The quality, scale and reach of its India-wide portfolio, superior shopping experience and holistic retail offering have enabled the company to occupy a market-leading position, making most of the portfolio's properties preferred destinations for leading brands looking to expand in India
The company owns India's largest portfolio of consumer centers, and it would be difficult to replicate a platform of similar size, quality and geographic diversity due to the limited availability of prime land in city centers, long development timelines and specialized skills required to develop, stabilize and operate comparable properties. The portfolio has a tenant base of 983 domestic and international brands with 2,9242 stores as of June 30, 2022 and is well diversified across cities, with no single property or tenant contributing more than 17.5% and 3.0%, respectively, of total gross rents for the month of June 30, 2022.
| Incorporation | Sector | IPO Issue Size | Website |
| 2022 | Real Estate and Leased Property | ₹3200.00 Cr | https://www.nexusselecttrust.com/ |
The Nexus Select Trust will not receive any proceeds from the offer for sale and the proceeds received will not form part of the net proceeds.
The Net Proceeds from the Fresh Issue will be utilised towards the following objects:
The table below is live update of REIT bidding details from NSE and BSE.
| Day | QIB | Other | Total | |
|---|---|---|---|---|
| # of Shares Offered | 101,052,450 (54.55%) | 84,210,600 | 185,263,050 | 1 | 9th May 2023 19:04 | 0.16x | 0.40x | 0.27x | 2 | 10th May 2023 19:04 | 0.17x | 1.05x | 0.57x | 3 | 11th May 2023 19:04 | 4.81x | 6.23x | 5.45x |
Past performance and financial results of Nexus Select Trust.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 9,527.64 | 1,708.19 | 206.74 | 976.05 | 5,955.67 |
| 31-Mar-21 | 8,959.36 | 1,047.97 | -199.11 | 340.89 | 6,281.38 |
| 31-Mar-22 | 9,089.77 | 1,398.52 | -10.95 | 389.15 | 6,311.20 |
| 31-Dec-22 | 8,989.53 | 1,498.35 | 257.02 | 639.31 | 5,872.31 |
| Amount in ? Crore | |||||
Last Updated on 2023-05-22T09:00:13+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nexus Select Trust REIT with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nexus Select Trust REIT with Zerodha.
Alternate approch to apply in Nexus Select Trust REIT is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Nexus Select Trust REIT Review and Important Updates
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To subscribe or apply in Nexus Select Trust REIT, you can use the following methods:
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Nexus Select Trust REIT directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Nexus Select Trust REIT with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Nexus Select Trust REIT. Most of the Syndicate Banks provide access to apply in Nexus Select Trust IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nexus Select Trust REIT via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Nexus Select Trust REIT via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Nexus Select Trust REIT Review and Important Updates
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Applying in Nexus Select Trust REIT is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Nexus Select Trust REIT application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Nexus Select Trust REIT, please refer article >> Link
Nexus Select Trust REIT Review and Important Updates
Steps to download the online application form for Nexus Select Trust REIT
Or
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Nexus Select Trust REIT is going to be list on 19-05-2023. NSE Code for Nexus Select Trust is NXST. BSE Code for Nexus Select Trust is 543913.
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Nexus Select Trust REIT Allotment Date is 16-05-2023.
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Next Select Trust IPO is India’s first retail REIT (Real Estate Investment Trust) IPO. It is one of the biggest mall operator companies in India followed by Phoenix Malls, DLF, Virtuous Retail, and Lulu Group. Next Select REIT manages 10 million square feet of retail space or Uban Consumption Centres (UCC) across 17 malls. Nexus Select REIT IPO is an initial public offering of Rs 3,200 crore opens for subscription from 9 May to 11 May 23.
Before betting on a REIT, you must know how REITs differ from other IPOs. Regular IPOs provide you listing returns based on share listing price, unlike it, Nexus Select REIT will make 3 types of payment to investors;
If you buy and hold Nexus Select REIT shares for a period of 3 years or above, the capital gain above Rs 1 lakh will be taxed at 10%. However, if you sell shares before the completion of 3 years, the profit earned will be taxed at the short-term capital gain tax of 15%.
Dividend income from REIT is entirely tax-free in the hand of investors. Suppose, an investor's income comes in the tax bracket of 20%, then rental income and interest income both will be taxed at the same rate.
