Please share your views on Nexus Select Trust sets price band for India’s first pure-play retail mall REIT IPO at Rs 95-100 per share
Nexus Select Trust REIT DRHP
the price band seems reasonable given the assets and the marque clients like Apple stores
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Nexus Select Trust boasts of 17 malls located across 14 cities, including Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others. According to the RHP, the trust’s portfolio constituted 30% of India’s total discretionary retail spending in FY20 and had an average population CAGR that was 226 bps higher than the national average from financial years 2011 to 2021. In addition to the malls, the trust also comprises three offices and two hotels. One of the trust’s properties, Select Citywalk, was in the limelight recently for housing one of India’s two exclusive Apple stores.
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