Nexus Select Trust REIT Details | GMP, Date, Price, Review

Nexus Select Trust REIT Details ( Nexus Select Trust REIT Review )

(09 May 2023 – 11 May 2023)

India’s premier real estate investment trust is the Nexus Select Trust, which operates a dominant consumption center platform. This platform comprises 17 top-quality, Grade-A urban consumption centers strategically located across 14 cities throughout India.

As of December 31, 2022, the company possesses a portfolio that includes 17 urban consumption centers with a combined leasable area of 9.8 million square feet, in addition to two complementary hotel assets with 354 keys and three office assets totaling 1.3 million square feet.

By carefully selecting tenants from a variety of sectors, including apparel and accessories, hypermarkets, entertainment, and food and beverages (F&B), the company has developed a well-balanced tenant mix. Additionally, Nexus is committed to promoting positive impacts on both people and the environment, as evidenced by its involvement in over 50 ESG initiatives.

Covering 14 cities in India, including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, the Nexus Select Trust operates in areas that accounted for 30% of India’s total discretionary retail spending during FY20.

Nexus Select Trust REIT Competitive Strength

• 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.

Nexus Select Trust REIT Strength & Opportunities

• The portfolio is highly stable, with a committed occupancy rate of 93.5%.
• Rising tenant sales have resulted in increased rental income and leasing at market rates.
• The property boasts a diverse tenant base, featuring notable brands like Zara, ALDO, Superdry, Marks & Spencer, Croma, Shoppers Stop, and PVR Cinemas.
• Tenant leases have rent escalation clauses that guarantee a 12% to 15% increase over three to five years.
• The demand for premium retail space in India remains strong, attracting both local and international brands seeking to establish or expand their presence.

Nexus Select Trust REIT Risk & Threat

• As of September 2022, the outstanding debt of the business amounts to ₹5,662 crore, which may affect its cash flow and operations if not repaid on time.
• The business could face challenges due to low occupancy and rent levels.
• The top ten customers of the business represent 21.6% of its gross rentals and 35.9% of its occupied area.
• The performance of the Indian real estate market has a significant impact on the business.
• The business has experienced net losses in the past, with losses recorded in FY21 and FY22.

Nexus Select Trust REIT Financials Performance ( Results )

Nexus Select Trust REIT Financial Information ( Restated Consolidated )

All Amount in ₹ Crores

Period Ended	Total Assets	Total Revenue	PAT	Reserves	Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31

Objective of Nexus Select Trust REIT 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
• General purposes

Nexus Select Trust REIT Basic Details

REIT Date	May 09, 2023 to May 11, 2023
Listing Date	Tuesday, May 19, 2023
Face Value	₹10 per share
Price	₹95 to ₹100 per share
Lot Size	150 Shares
Issue Size	[.] shares (aggregating up to ₹3,200.00 Cr)
Fresh Issue	[.] shares (aggregating up to ₹1,400.00 Cr)
Offer for Sale	[.] shares (aggregating up to ₹1,800.00 Cr)
Issue Type	Book Built Issue REIT
Listing At	NSE, BSE
QIB Shares Offered	75% of the Offer
Other Shares Offered	25% of the Offer

Nexus Select Trust REIT Timetable

Nexus Select Trust REIT will open on May 09, 2023 and close on May 11, 2023. You can join Nexus Select Trust REIT at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	May 9, 2023
Closing Date	May 11, 2023
Basis of Allotment	May 16, 2023
Initiation of Refunds	May 17, 2023
Credit of Shares to Demat	May 18, 2023
Listing Date	May 19, 2023
Mandate end date	May 26, 2023
Anchor Investors Lock-In End Date	June 10, 2023

Nexus Select Trust REIT Lot Size

For retail investors in Nexus Select Trust REIT, 150 shares will come in 1 lot or the minimum investment will be ₹15,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹15,000.

Application	Lots	Shares	Amount
Retail (Min)	1	150	₹15,000

Nexus Select Trust REIT Promoter Holding

Pre Issue Share Holding	100.00%
Post Issue Share Holding	–

Nexus Select Trust REIT Valuation – FY2022

Earning Per Share (EPS)	₹00.00 per Equity Share
Price/Earning P/E Ratio	Coming Soon
Return on Net Worth (RoNW)	00.00%
Net Asset Value (NAV)	₹00.00 per Equity Share
Upper Price/Book Value (Price/BV) Ratio	Coming Soon

Nexus Select Trust Ltd Key Performance Indicator

KPI	Values
Market Cap (₹ Cr.)	Coming Soon
P/E (x)	Coming Soon
ROE (%)	Coming Soon
ROCE (%)	Coming Soon
Debt/Equity	Coming Soon

Nexus Select Trust REIT GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
18 May 2023	₹2.5	–	–
17 May 2023	₹2.5	–	–
16 May 2023	₹3	–	–
15 May 2023	₹2	–	–
14 May 2023	₹5	–	–
13 May 2023	₹5	–	–

Nexus Select Trust REIT Detail Video:

Nexus Select Trust REIT Subscription Status (Bidding Detail)

The Nexus Select Trust REIT on May 11, 2023 at 7:02:00 PM was subscribed 5.45 times, with the other category being subscribed 6.23 times and the QIB (Qualified-Institutional Buyers) category being subscribed 4.81 times.

Category	Subscription
QIB	4.81x
Other	6.23x
Total	5.45x

Nexus Select Trust REIT Prospectus

Nexus Select Trust REIT DRHP	Download
Nexus Select Trust REIT RHP	Download

Nexus Select Trust REIT Rating

Our Rating

2.0/5.0

Nexus Select Trust Company Contact Information

Nexus Select Trust REIT

Principal Place of Business: Embassy 247, Unit No. 501,
B Wing, Lal Bahadur Shastri Marg, Vikhroli West,
Mumbai 400 083, Maharashtra, India
Tel: +91 22 6280 5000; Fax: NA
Compliance Officer: Charu Patki
E-mail: investor.relations@nexusmalls.com
Website: www.nexusselecttrust.com

Nexus Select Trust REIT Registrar

KFin Technologies Limited

Address: Selenium, Tower B, Plot No. 31 and 32
Financial District, Nanakramguda Serilingampally, Hyderabad
Rangareddi 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: nexusselecttrust.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221

Nexus Select Trust REIT Lead Manager

1. Bofa Securities India Limited
2. Axis Capital Limited
3. Citigroup Global Markets India Private Limited
4. Hsbc Securities & Capital Markets Pvt Ltd
5. Iifl Securities Ltd
6. Jm Financial Limited
7. J.P. Morgan India Private Limited
8. Kotak Mahindra Capital Company Limited
9. Morgan Stanley India Company Pvt Ltd
10. Sbi Capital Markets Limited

Nexus Select Trust REIT FAQs