Nexus Select Trust owns India’s largest and most diversified retail platform comprising of 17 Grade-A Urban Consumption Centres across 14 cities of India (Ahmedabad, Amritsar, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Delhi, Hyderabad, Indore, Mangaluru, Mysuru, Navi Mumbai, Pune and Udaipur) which includes key metropolitans, financial centres, political capital, education hubs, major tourist destinations and technology hubs. These cities contribute to 30.0% of discretionary retail spend in India.
The companies Portfolio has a tenant base of 1,044 domestic and international brands with 2,893 stores as of December 31, 2022 and is well diversified across cities with no single asset and tenant contributing more than 18.3% and 2.8% of our total Gross Rentals for the month of December 31, 2022, respectively.
A majority of its portfolio assets are market leaders in their respective submarkets and serve as shopping, entertainment and social destinations for their respective catchments. As a result, it enjoyed a 96.2% average Committed Occupancy across portfolio as of 31 December 2022, a 11% CAGR in tenant sales from FY 2018 to FY 2021, and a 7.5% CAGR in Marginal Rents across portfolio from CY 2016 to CY 2019.
Nexus Select REIT IPO – Details
| IPO Opening Date | 09 May 2023 |
| IPO Closing Date | 11 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32,00,00,000 Shares Worth ₹3200.00 Crore Fresh Issue: 14,00,00,000 Shares Worth ₹1400.00 Crore Offer For Sale: 18,00,00,000 Shares Worth ₹1800.00 Crore |
| Face Value | ₹1 Per Share |
| IPO Price | ₹95 – ₹100 |
| Market Lot | 150 Shares |
| Min Order | 150 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Nexus Select REIT IPO – Date Schedule
| IPO Open Date | 09 May 2023 |
| IPO Close Date | 11 May 2023 |
| Basis of Allotment Date | 16 May 2023 |
| Initiation of Refunds | 17 May 2023 |
| Credit of Shares to Demat Account | 18 May 2023 |
| IPO Listing Date | 19 May 2023 |
Competitive Strengths
- Located in India, one of the world’s fastest growing consumption-led major economies;
- India’s largest platform of best-in-class assets with a presence in 14 of India’s key consumption cities;
- Highly occupied by a diversified tenant base of renowned national and international brands;
- Strong embedded growth with inflation hedged cash flows;
- Strategically located in prime in-fill locations with high barriers to entry;
- Fully integrated platform with a highly experienced management team;
- Proprietary insights and access through industry-leading technology initiatives;
- Renowned Sponsor with global expertise and local knowledge; and
- Long-term ESG commitment.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 1708.18 | 630.97 | 206.73 |
| 31 March 2021 | 1047.97 | 434.94 | -199.11 |
| 31 March 2022 | 1398.51 | 540.53 | -10.95 |
| 31 December 2022 | 1498.35 | 564.17 | 257.02 |
Object Of The Issue
- Partial or full repayment or prepayment and redemption of certain financial indebtedness of the Asset SPVs and the Investment Entity;
- Acquisition of stake and redemption of debt securities in certain Asset SPVs; and
- General purposes.
Nexus Select REIT IPO Strengths
- Strong embedded growth with inflation hedged cash flows.
- Strategically located in prime in-fill locations with high barriers to entry.
- Fully integrated platform with a highly experienced management team.
- Long-term ESG commitment.
Nexus Select REIT IPO Risks
- The proposed holding structure of the Portfolio may not be tax efficient.
- The company face various risks and uncertainties related to public health crises, including the ongoing global outbreak of COVID-19. The future impact of COVID-19 is uncertain and hard to measure, but may have a material adverse effect on us.
- The companies revenues, results of operations, cash flows and financial condition may be adversely affected by low occupancy and rent levels of the urban consumption centres, hotels and commercial office spaces, and by changes in accounting estimates.
- Any future development and construction projects or proposals to upgrade existing projects in the Portfolio may be exposed to a number of risks and uncertainties which may adversely affect the business, financial condition, results of operations and cash flows.
- A decline in footfalls in the urban consumption centres has in the past, and may in the future, adversely affect companies revenues, business, results of operations and cash flows.
Nexus Select REIT IPO Prospectus
Company Contact Information
| Nexus Select Trust Embassy 247, Unit No. 501, B Wing, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400 083 Phone: +91 22 6280 5000 E-mail: investor.relations@nexusmalls.com Website: www.nexusselecttrust.com |
Nexus Select REIT IPO Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: nexusselecttrust.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Nexus Select REIT IPO Lead Manager(s)
| 1. Kotak Mahindra Capital Company Limited 2. Axis Capital Limited 3. IIFL Securities Ltd 4. SBI Capital Markets Limited 5. J.P. Morgan India Private Limited 6. BofA Securities India Limited 7. JM Financial Limited 8. Citigroup Global Markets India Private Limited 9. HSBC Securities and Capital Markets (India) Private Limited 10. Morgan Stanley India Company Private Limited |
Nexus Select REIT IPO FAQs
| What is Nexus Select REIT IPO? Nexus Select REIT IPO is a main-board IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on BSE & NSE. |
| When Nexus Select REIT IPO will open? The IPO is to open on 09 May 2023 for QIB, NII, and Retail Investors. |
| What is Nexus Select REIT IPO Investors Portion? The investors’ portion for QIB –75%, NII – 25%. |
| How to Apply the Nexus Select REIT IPO? You can apply Nexus Select REIT IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Nexus Select REIT IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Nexus Select REIT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Nexus Select REIT IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Nexus Select REIT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Nexus Select REIT IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Nexus Select REIT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Nexus Select REIT IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Nexus Select REIT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Nexus Select REIT IPO Size? Nexus Select REIT IPO size is ₹3200.00 Cr. |
| What is Nexus Select REIT IPO Price Band? Nexus Select REIT IPO Price Band is ₹95 to ₹101. |
| What is Nexus Select REIT IPO Minimum and Maximum Lot Size? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] shares with ₹[]. |
| What is the Nexus Select REIT IPO Allotment Date? Nexus Select REIT IPO allotment date is 16 May 2023. |
| What is the Nexus Select REIT IPO Listing Date? Nexus Select REIT IPO listing date is 19 May 2023. The IPO is to list on BSE and NSE. |
