Nexus Select Trust IPO
Retail REIT / Mall Assets - Listed on 19 May 2023
Nexus Select Trust IPO listing summary
Nexus Select Trust (Retail REIT / Mall Assets) closed its IPO window in 2023 and listed on NSE and BSE on 19 May 2023 at an upper band issue price of Rs 100, opening at Rs 103 for a listing gain of +3.0% and closing day one at Rs 104.3 (+4.3% on closing basis). The IPO was subscribed 5.45x overall - QIB 4.83x, HNI/NII 6.22x, Retail 5.45x. The total issue size was Rs 3,200 Cr (Fresh Issue Rs 1400 Cr, OFS Rs 1800 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Nexus Select Trust IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 5 | +5.00% |
| Day 2 | Rs 5 | +5.00% |
| Day 3 | Rs 8 | +8.00% |
| Day 4 | Rs 8 | +8.00% |
| Day 5 | Rs 8 | +8.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Nexus Select Trust IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Nexus Select Trust IPO - FAQs
What was the listing gain of Nexus Select Trust IPO?
Nexus Select Trust IPO listed at +3.0% versus the upper issue price of Rs 100 on 19 May 2023.
How many times was Nexus Select Trust IPO subscribed?
Nexus Select Trust IPO was subscribed 5.45x overall. QIB portion was subscribed 4.83x, HNI / NII 6.22x and Retail 5.45x.
What was the IPO GMP for Nexus Select Trust?
IPO GMP started at Rs 5 on Day 1 and moved to Rs 8 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.