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Nexus Select Trust REIT's IPO has received a strong response during the three-day bidding process for the issue, which was overall subscribed 5.45 times.
The issue of Nexus Select Trust was overall subscribed 5.45 times, with the portion was QIBs was subscribed 4.81 times, while the allocations for other investors was booked 6.23 times.
Blackstone-backed Nexus Select Trust's primary offering for REIT will be open for subscription between May 9-11 as it will sell its units in the price band of Rs 95-100 apiece.