May 19, 2023
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Nexus Select Trust IPO Particulars & Guidance @ Chanakyanipothi.com, India`s Oldest & the most Trusted Investment website for coming up IPOs. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Whether you should apply in Nexus Select Trust IPO?
Being an Intelligent Investor, you always wish to park some of your funds in posh commercial real-estates but you donot have that much large funds. Nexus Select Trust (a real estate Investment Trust) provide you golden opportunity to invest some of your funds in India’s leading Retail commercial properties for long term Capital appreciation along with small returns on listing.
So?? Apply with FF only with long term horizon and you will reap strong returns.
Who are the Anchor Investors of Nexus Select Trust?
Will update soon
What is the current grey market premium for Nexus Select Trust IPO ?
Click latest updates.
What is the Subscription Status Nexus Select Trust IPO?
On 11 May 2023 @ 5.00 (Closed)
QIB: 101052450 Shares 4.81T
NII: 84210600 Shares 6.23T
Total: 185263050 Shares 5.45T
Who are the Trustee & Sponsor of Nexus Select Trust?
Trustee: Axis Trustee Services Limited
Sponsor: Wynford Investments Limited
Nexus Select Trust IPO Particulars & Guidance
Very Elaborate Business Information:
Nexus Select Trust is the owner of India’s leading consumption centre platform of high-quality assets that serve as essential consumption infrastructure for India’s growing middle class. It expects to be the first publicly listed consumption centre REIT in India upon the listing of its Units on the Stock Exchanges. Consumption growth has served as a key driver of the Indian economy over the last decade, and it believes its Portfolio is well-positioned to benefit from the consumption tailwinds of India’s growing middle class and rapid urbanization. Its Portfolio offers an attractive opportunity to capitalize on India’s consumption growth through a robust business model and diversified asset base that can serve as a natural hedge against inflation.
Its Portfolio comprises 17 best-in-class Grade A urban consumption centres with a total Leasable Area
of 9.2 msf, two complementary hotel assets (354 keys) and three office assets (1.3 msf) as of December 31, 2022. Its assets are strategically located across 14 leading cities in India, which constituted 30% of India’s total discretionary retail spending in FY20 and had an average population CAGR that was 226 bps higher than the national average from financial years 2011 to 2021. It believes that it has invested in among the highest quality assets in prime in-fill locations of India’s major cities such as Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai. These cities have limited organized retail stock and continue to witness strong demand fundamentals as domestic and international retailers expand their businesses even as future supply of retail space is expected to remain constrained.
However, demand remains strong as brick-and-mortar and online retail is expected to grow by capturing market share from unorganized retail. The quality, scale and reach of its pan-India Portfolio, its superior shopping experience and holistic retail offering have enabled it to achieve a market-leading position, which makes most of its Portfolio assets destinations of choice for leading brands that are looking to expand in India.
A majority of its Portfolio assets are market leaders in their respective submarkets and serve as shopping, entertainment and social destinations for their respective catchments. As a result, it enjoyed a 96.2% average Committed Occupancy across its Portfolio as of December 31, 2022, a 11.0% CAGR in tenant sales from FY18 to FY201, and a 7.5% CAGR in Marginal Rents across its Portfolio from CY16 to CY19 (122 bps higher than the average Marginal Rents for its Portfolio Markets).
For more information, click https://www.nexusselecttrust.com/
Nexus Select Trust IPO RHP
What are the Objects of Nexus Select Trust IPO?
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:
1) Partial or full repayment or prepayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entity
2) Acquisition of stake and redemption of debt securities in certain Asset SPVs
| Nexus Select Trust IPO Details | |
| IPO opens on | 9 May ,2023 |
| IPO closes on | 11 May ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32Cr Sh /Rs 3200 Cr |
| * Fresh Issue | 14 Cr Sh /Rs 1400 Cr |
| * Offer for Sale | 18Cr Sh /Rs 1800 Cr |
| Face Value per share: | Rs. 1 |
| What is the Price Band of Nexus Select Trust IPO? | Rs. 95-100 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 150 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (75 %) | 24 Cr | 2400 |
| NII (25 %) | 8 Cr | 800 |
| RII (- %) | – | – |
| Employees | – | – |
| Total Shares | 32 Cr | 3200 |
| Retail portion will be oversubscribed by | – Forms. | |
| How to Apply in Nexus Select Trust IPO? | Amount Payable |
|
| Min Retail Application | 150 Sh | Rs. 15000 |
| Max Retail Application | – Sh | Rs. – |
| Small HNI (Min) application | – Sh | Rs. – |
| Small HNI (Max) application | – Sh | Rs. – |
| Big HNI Application | – Sh | Rs. – |
Mankind Pharma IPO Particulars & Guidance
| Nexus Select Trust IPO Tentative Timetable | |
| IPO opens on | 9 May 2023 |
| IPO Closes on | 11 May 2023 |
| IPO Allotment on | 16 May 2023 |
| Unblocking of ASBA | 17 May 2023 |
| Credit of Shares | 18 May 2023 |
| Listing on | 19 May 2023 |
| Registered Office of the Company Embassy 247, Unit No. 501, B Wing, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400 083 |
|
| Who are the lead managers of Nexus Select Trust IPO? Bofa Securities India Limited, Axis Capital Limited, Citigroup Global Markets India, Hsbc Securities & Capital Markets, Iifl Securities, Jm Financial, J.P. Morgan India, Kotak Mahindra Capital Company, Morgan Stanley India, Sbi Capital Markets. |
|
| Who is the Registrar Nexus Select Trust IPO? | |
| KFin Technologies Limited |
| Nexus Select Trust IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoE |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 1708.19 | 206.74 | – | – |
| 2020-21 | 1047.97 | (199.11) | – | – |
| 2021-22 | 1398.51 | (10.95) | – | – |
| Book Value of the Share on | 31.03.2022 | Rs. | ||
| Book Value of the Share | after the FPO | Rs.- | ||
| Offer Price at Cap | Rs. 100 | |||
| Key Performance Indicators of Nexus Select Trust IPO | |
| Upper Price /last EPS | – |
| Upper Price/Book Value Ratio | – |
| Upper Price/BV after IPO | – |
Nexus Select Trust IPO Particulars & Guidance
Peer Comparison
The Nexus Select Trust does not have any industry peers as on date of this Offer Document as there are no listed real estate investment trusts in the retail sector in India.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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