Nexus Select Trust REIT IPO lists at 3% premium
The ₹3,200 crore IPO of India’s first pure-play retail REIT, which opened between May 9-11, was subscribed 5.45 times.
The ₹3,200 crore IPO of India’s first pure-play retail REIT, which opened between May 9-11, was subscribed 5.45 times.
The real estate investment trust to raise ₹3,200 crore via IPO, which comprises fresh issue of up to ₹1,400 crore and an offer for sale of up to ₹1,800 crore.
The price band for Nexus Select Trust REIT, which will be available for subscription till May 11, is expected to be announced this week.
The REIT IPO comprises a primary issue of ₹1,600 crore and a secondary share sale of ₹2,400 crore by Blackstone and some other smaller holders.