Nexus Select Trust is India’s leading real estate investment trust. Nexus Select Trust is India’s leading consumption centre platform with 17 Grade-A best-in-class Urban Consumption Centres spread across 14 cities.
The company owns 17 Grade A urban consumption centres with a total Leasable Area of 9.8 msf, two complementary hotel assets (354 keys), and three office assets of 1.3 msf as of December 31, 2022.
The company has curated a healthy mix of tenants across sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages (F&B). Nexus is also working across 50+ ESG initiatives to create a positive impact on people and the environment.
Nexus Select Trust serves across 14 cities in India including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, which constituted 30% of India’s total discretionary retail spending in FY20.
Nexus Select Trust REIT Details
| IPO Date | May 9, 2023 to May 11, 2023 |
| Listing Date | [.] |
| Face Value | ₹ per share |
| Price | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹3,200.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,400.00 Cr) |
| Offer for Sale | [.] shares of ₹ (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Book Built Issue REIT |
| Listing At | BSE, NSE |
Nexus Select Trust REIT Reservation
| QIB Shares Offered | Not more than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 25.00% of the Offer |
Nexus Select Trust REIT Tentative Timetable
Nexus Select Trust REIT opens on May 9, 2023, and closes on May 11, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | May 9, 2023 |
| Closing Date | May 11, 2023 |
| Basis of Allotment | May 16, 2023 |
| Initiation of Refunds | May 17, 2023 |
| Credit of Shares to Demat | May 18, 2023 |
| Listing Date | May 19, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Nexus Select Trust REIT Lot Size
The Nexus Select Trust REIT lot size is 150 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 0 | ||
| (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| Lot Size Calculator |
Company Financials
| 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 |
Objects of the Issue
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:
- Partial or full repayment or prepayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entity;
- Acquisition of stake and redemption of debt securities in certain Asset SPVs; and
- General purposes
Nexus Select Trust REIT Prospectus
Company Contact Information
Nexus Select Trust
Embassy 247, Unit No. 501,
B Wing, Lal Bahadur Shastri Marg,
Vikhroli West, Mumbai 400 083
Phone: +91 22 6280 5000
Email: investor.relations@nexusmalls.com
Website: https://www.nexusselecttrust.com/
Nexus Select Trust REIT Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nexusselecttrust.ipo@kfintech.com
Website: https://karisma.kfintech.com/