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 

Nexus Select Trust REIT : IMPORTANT DATES

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..

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

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. 

CONS

• The company works in a highly competitive segment.

Nexus Select Trust REIT APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Nexus Select Trust REIT button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.