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:
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:
Here’s a quick look at Nexus Select Trust IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threat
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:
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:
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:
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.
Pre-applying for the Nexus Select Trust IPO means applying for this public issue before it goes live. Click here to pre-apply for the Nexus Select Trust IPO on Upstox.
You can pre-apply for the Nexus Select Trust IPO from 9 May 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Nexus Select Trust IPO on Upstox. You can also download our app and apply for the IPO.
The Nexus Select Trust IPO launch date is 9 May 2023. The Nexus Select Trust IPO will be open for subscription till 11 May 2023.
The Nexus Select Trust lot size is 150 shares and the minimum investment required is ₹14,250.
The Nexus Select Trust IPO price band is ₹95-₹100 per share.
The size of the Nexus Select Trust IPO is ₹3,200 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. Once you place a bid for the Nexus Select Trust IPO, you cannot cancel or delete it.
If shares are allotted, then they will be credited to your demat account on 18 May 2023.
Shares of Nexus Select Trust will list on BSE and NSE.
Nexus Select Trust shares’ listing date is 19 May 2023