Nexus Select Trust lists at 3% premium on expected lines
Nexus Select Trust, India's first retail assets focused REIT sponsored by global investment giant Blackstone, has raised Rs 3,200 crore via public issue.
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Nexus Select Trust, India's first retail assets focused REIT sponsored by global investment giant Blackstone, has raised Rs 3,200 crore via public issue.
Many believe that the grey market demand hints at a decent listing of around 4-5 percent on the issue price of Rs 100. After listing, the counter may get higher volume demand due to the lower allotment ratio in the entire IPO investor category, said an analyst
The initial public offering (IPO) of Nexus Select Trust was subscribed 5.45 times on the last day of subscription on Thursday last week.
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 company commanded a market valuation of Rs 15,795.39 crore.