Blackstone-backed Nexus Select’s IPO subscribed 5.7 times

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Sponsored by Blackstone Nexus Select Trust Initial Public Offering Of the units, 5.74 times were subscribed on the last day of issuance, with the non-institutional part subscribing 6.6 times, and the banking part 5.06 times.

For the units offered at Rs 17.6 crore, the bids came in at over Rs 101 crore at the upper end of the price range.

The anchor portion was earlier subscribed to the amount of ₹1,440 crore. the total The size of the IPO is Rs 3,200 crore.

Also read: The Nexus Select Trust’s REIT IPO was subscribed by 28% on the first day

“This is a great response in a very volatile market. The Nexus REIT was the second largest IPO in the last 12 months. This speaks to the strength of the Nexus platform and the growing acceptance of the yield product in the country,” said Chirag Nigande, Co-CEO and Managing Director of Axis Capital.

Nexus Select is the first retail-focused REIT in the country and the fourth REIT to be listed.

Units will be listed next week on Friday.