Business News

Nexus Select Trust IPO received 5.7x subscriptions.

 The Blackstone Group-backed Nexus Select Trust’s ₹3,200-crore IPO for India’s maiden retail assets-led Real Estate Investment Trust (REIT) has closed with a total subscription of 5.74 times.

The issue received over 155,000 applications and the institutional investor portion was subscribed 5.06 times while the other investor portion witnessed 6.55 times subscription at the upper end of the price band of ₹95-100 per unit. “This is an outstanding response in an extremely volatile market. Nexus REIT was the second-largest IPO in the last 12 months. This speaks about the strength of the Nexus platform and increasing acceptance of yield products in the country,” said Chirag Negandhi, Co-CEO and joint MD, Axis Capital.



About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Business News Digital Transformation

IRCTC adds new buy now, pay later option: Check details

Indian Railways Catering and Tourism Corporation (IRCTC), has partnered with the CASHe to offer a Travel Now Pay Later (TNPL)
Business News

Inox Leisure Q2 reported a net loss of Rs 40.37 crore , revenue up at Rs 374.12 crore.

New Delhi: Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs
Wordpress Social Share Plugin powered by Ultimatelysocial
error: Content is protected !!