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Nexus Select Trust IPO opening today; anchor book fully subscribed at Rs 1440 crore

9 May 2023 , 08:33 AM

Blackstone Group-backed Nexus Select Trust REIT initial public offer is opening for subscription today, May 9, 2023 and will close on May 11, 2023. Click here to subscribe the IPO.

On Monday, May 8, the trust has raised Rs 1,440 crore from 20 anchor investors ahead of its IPO opening. The company said in its exchanges filing that it has allocated 14.39 crore units to anchor investors at a price of Rs 100 per unit.

Anchor investors participated in the IPO included Morgan Stanley Asia, Segantii India Mauritius, HDFC Trustee, HDFC Life Insurance Company, Prusik Umberlla Ucits Fund Plc, IIFL Income Opportunities Fund, SBI Life Insurance, Star Health and Allied Insurance Company, ICICI Prudential, NPS Trust, SBI General Life Insurance, Ghisallo Master Fund LP, and Tata Investment Corporation.

As per the exchange filing, up to '4.79 crore units were allocated to 3 domestic mutual funds through a total of 6 schemes'.

The company plans to raise Rs 3,200 crore via IPO which comprises fresh equity shares of worth Rs 1,400 crore, and an offer for sale of units worth Rs 1,800 crore by selling shareholders.

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  • Nexus Select Trust IPO closing date
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