DelhiDesk Real estate company Nexus Select Trust IPO has opened for retail investors, following the raising of Rs 1,440 crore ($195m) from 20 anchor investors including Morgan Stanley Asia and HDFC Trustee. The company has allotted 1,440 crore shares to the investors at Rs 100 each. Retail investors can subscribe to the IPO until May 11, with the allotment of shares due to take place on May 16. The price band for the IPO has been fixed at between Rs 95 and Rs 100. Nexus Select Trust IPO was trading at a premium of Rs 4 in the grey market as of May 8.
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👉 IPO of real estate company Nexus Select Trust is opening for retail investors today.
👉 Company raised Rs 1440 crore from 20 anchor investors at Rs 100 each.
👉 Anchor investors include Morgan Stanley Asia, HDFC Trustee, SBI Life Insurance, Tata Investment Corporation, etc.
👉 Retail investors can subscribe to the IPO from May 9 to May 11, 2023.
👉 Allotment of shares will be done on May 16, 2023.
👉 Price band for the IPO is fixed from Rs 95 to Rs 100.
👉 Minimum investment for retail investors is Rs 15,000.
👉 Nexus Select Trust IPO was trading at a premium of Rs 4 in the gray market.
👉 GMP was Rs.5, showing a slight decline within 24 hours.
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