Nexus Select Trust – REIT

How to check the Nexus Select Trust IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Nexus Select Trust Ltd IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Nexus Select Trust IPO allotment status will be mentioned

About Nexus Select Trust IPO

With economic activities in India recovering post the pandemic, shopping malls are once again buzzing. The revival in consumption is driving footfalls in malls across India. Against this backdrop, Blackstone-backed Nexus Select Trust – a retail real estate investment trust (REIT) – is launching its IPO. 

For the uninitiated, REITs invest in income-generating assets like malls and offices and pay dividends. The dividend payouts are based on the rental income generated by these properties.  

The Nexus Select Trust consists of 17 operational shopping centres with a total leasable area of 9.2 million square feet (msf), two hotels (354 keys) and three office assets (1.3 msf). These properties are strategically located in 14 leading cities in India including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad and Chennai. 

It has a tenant base of 1,044 domestic and international brands with 2,893 stores. These tenants are spread across the sectors such as apparel and accessories, hypermarket, entertainment, and food and beverages. 

Now, this REIT is all set to hit the stock exchanges through Nexus Select Trust IPO. The Nexus Select Trust Ltd IPO will be a combination of an offer for sale and a fresh issue. The proceeds raised from the fresh issue of Nexus Select Trust IPO will be used for the reduction of debt and the acquisition of stake in assets. 

Here are the key details about the Nexus Select Trust IPO: 

 Financial snapshot

Here’s a quick look at Nexus Select Trust IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. Has a highly stabilised portfolio with committed occupancy of 93.5%     
2. The increase in tenant sales leads to higher rentals and re-leasing at higher market rents
3. Its tenant base includes prominent brands such as Zara, ALDO, Superdry, Marks & Spencer, Croma, Shoppers Stop and PVR Cinemas
4. Tenant leases have built-in contractual rent escalations of 12% to 15% over a three-to-five year period 
5. The demand for high-quality retail space in India remains robust with international and domestic brands looking to establish and expand their footprints

Risks and threat

1. Has outstanding debt of ₹5,662 crore, as of September 2022. The repayment of the debt may impact cash flow and operations 
2. Low occupancy and rent levels may hurt the business
3. The top ten customers account for 21.6% of the gross rentals and 35.9% of its occupied area
4. Heavily dependent on the performance of the real estate market in India
5. Has a history of net losses. It suffered losses in FY21 and FY22

Nexus Select Trust IPO details

| Nexus Select Trust IPO date 

The offer document filed by the company with the SEBI mentions that the Nexus Select Trust IPO’s opening date – in other words, the Nexus Select Trust IPO launch date – will be on 9 May 2023. The Nexus Select Trust IPO closing date is 11 May 2023. After this, investors will be updated about the allotment status on 16 May 2023. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 18 May 2023. The Nexus Select Trust IPO listing date is 19 May 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Nexus Select Trust IPO Price Band

The entire IPO is a book-built issue. The Nexus Select Trust IPO price band has been set between ₹95 and ₹100 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Nexus Select Trust IPO listing price will be determined on 19 May 2023. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Nexus Select Trust IPO Lot size

The Nexus Select Trust IPO details have been declared. The Nexus Select Trust IPO lot size is set at 150 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (1,950 shares). Meanwhile, the Nexus Select Trust IPO issue size is ₹3,200 crore. 

How to pre-apply for the Nexus Select Trust IPO?

You can pre-apply for the Nexus Select Trust IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Nexus Select Trust IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Nexus Select Trust IPO?

If you are interested in this investment opportunity but unsure how to apply for the Nexus Select Trust IPO, here are the steps that you need to follow.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Nexus Select Trust Ltd IPO on Upstox: 

1. Log in to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Nexus Select Trust IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Nexus Select Trust IPO

To apply for the Nexus Select Trust Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details 
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
4. Complete the e-verification using the OTP sent to your registered mobile number

This is all it takes to open a demat account with Upstox. Easy and quick, right?  

Upstox – trading app to apply for the Nexus Select Trust IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Nexus Select Trust IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.