Nexus Select Trust declared distributions of Rs 452.07 crore / Rs 2.98 per unit for the quarter ended September 30, 2023. It achieved net operating income (NOI) of Rs 390.9 crore, a 17% year-on-year growth.
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.
Blackstone-backed Nexus Select Trust's primary offering for REIT will be open for subscription between May 9-11 as it will sell its units in the price band of Rs 95-100 apiece.
The public offer comprises a fresh issuance of units aggregating up to Rs 1,400 crore and an offer for sale of units by the selling unitholders aggregating up to Rs 1,800 crore.
Blackstone-backed Nexus Select Trust set to hit the capital markets by launching its retail REIT initial public offering from May 9 till May 11.
The company has fixed a price band of Rs 95–100 per unit. The bidding for anchor investors will open on May 8, 2023.
The public issue comprises a fresh issuance of units aggregating up to Rs 1,400 crore and an offer for sale of units by the selling unitholders aggregating up to Rs 1,800 crore. The company had earlier planned to raise around Rs 4,000 crore through the initial share sale.