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Nexus Select Trust REIT : Important Dates and Other Info.

Nexus Select Trust REIT is set to launch on 9 May, 2023. It is one of the leading Real Estate Investment Trusts. It has 17 Grade A Urban Consumption Centres across 14 cities in India. Nexus REIT has 2 complementary hotel assets with 354 keys, total of 3 office assets with 1.3 msg area and total leasable property of 9.8 msf. Its tenants include customers from varied business segments such as hypermarket, apparels, food, entertainment etc. Its properties are present across Navi Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad etc.

Nexus Select Trust REIT DETAILS

Nexus Select Trust REIT is set to launch on 9 May, 2023. The subscription timeline extends till 11 May, 2023. The size for the IPO is 3200 Crore Rs. Shares issued through fresh issue mode are worth 1400 Crore Rs. Shares issued through offer for sale mode are worth Rs 1800 Crore. The lot size is 150 shares and the price is 95 to 100 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs and this is a Book Built REIT. The registrar for the company is KFin Technologies India Limited.

Tabular Description of Nexus Select Trust REIT

IPO OPENING DATE	9 May, 2023
CLOSING DATE FOR IPO	11 May, 2023
ISSUE TYPE	Book Built REIT
Face Value per share	per share
IPO price band	95 to 100 Rs per share
LOT SIZE	150 shares
MINIMUM ORDER QUANTITY	150 shares
ISSUE SIZE	3200 Crore Rs.
OFFER FOR SALE	1800 Crore Rs
FRESH ISSUE	1400 Crore Rs
LISTING AT	NSE, BSE
LISTING DATE	19 May, 2023

Nexus Select Trust REIT : IMPORTANT DATES

IPO OPENING DATE	9 May, 2023
CLOSING DATE FOR IPO	11 May, 2023
IPO ALLOTMENT DATE	16 May, 2023
REFUNDS	17 May, 2023
DEMAT A/C CREDITED ON	18 May, 2023
IPO LISTING DATE	19 May, 2023

Nexus Select Trust REIT begins for subscription from 9 May, 2023. The IPO subscription would continue till 11 May, 2023. The allotment status for the shareholders who applied would come on 16 May, 2023. The refunds for the ones who did not get allotment would be initiated on 17 May, 2023. The DEMAT accounts of shareholders would be credited on 18 May, 2023. The listing of the company would be accompanied on 19 May, 2023.

Nexus Select Trust REIT : Lead Managers

The lead managers are :

Kotak Mahindra Capital Company Limited
J.P. Morgan India Private Limited
Axis Capital Limited
Citigroup Global Markets India Private Limited
IIFL Securities Limited
Bofa Securities India Limited
JM Financial Limited
HSBC Securities and Capital Markets Private Limited
SBI Capital Markets Limited
Morgan Stanley India Company Private Limited

The minimum lot size for the company is decided at 150 shares. This holding accounts to 15000 Rs..

	Shares	Amount
Minimum	150 shares	15000 Rs.

OBJECTIVES FOR THE IPO

The IPO proceeds will be sued for acquisition and redemption of debt for some of the Asset Special purpose vehicles.
The money can also be used for general corporate purposes.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2019-20	2020-21	2021-22
ASSETS	9527	8959	9089
Revenue	1708	1047	1398
PAT	207	(- 199)	(- 11)

Nexus Select Trust REIT had an asset base of 9527 Crore Rs in 2020 which decreased to 8959 Crore Rs in 2021 and 9089 Crore Rs in 2022. The revenue of the frim was recorded at 1708 Crore Rs in 2020, 1047 Crore Rs in 2021 and 1398 Crore Rs in 2022. The profit of the firm was 207 Crore Rs in 2020. After that it had been incurring losses of 199 Crore Rs in 2021 and 11 Crore Rs in 2022.

PROS

The company is one of the leading Real Estate Investment Trusts.
It has 17 Grade A Urban Consumption Centres across 14 cities in India. Nexus REIT has 2 complementary hotel assets with 354 keys, total of 3 office assets with 1.3 msg area and total leasable property of 9.8 msf.
Its tenants include customers from varied business segments such as hypermarket, apparels, food, entertainment etc. Its properties are present across Navi Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad etc.