Nexus Select Trust REIT (Nexus Select Trust REIT) IPO Detail hindi

Nexus Select Trust REIT (Nexus Select Trust REIT) IPO Detail hindi

Nexus Select Trust REIT has fixed a price band of Rs 95–100 per share. 

Nexus Select Trust is India’s leading real estate investment trust. Nexus Select Trust is India’s leading consumption centre platform  with 17 Grade-A best-in-class Urban Consumption Centres spread across 14 cities. 

Nexus Select Trust has a portfolio of 17 operational shopping malls in several cities, including Bengaluru, Chennai, Delhi, Hyderabad, Navi Mumbai and Pune, covering an area of 9.8 million square feet. Its portfolio of assets comprises 17 Grade A urban consumption centres with a total leasable area of 9.2 million sq. ft., two hotel assets, and three office assets as of Dec. 31, 2022.
The company’s net loss narrowed to Rs 10.9 crore in fiscal 2022 in comparison with Rs 199 crore in fiscal 2021, while its revenue from operations rose to Rs 1,318 crore against Rs 906.9 crore. 

Nexus Select Trust serves across 14 cities in India including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, which constituted 30% of India’s total discretionary retail spending in FY20.

Risks And Concerns – A decline in footfalls in its urban consumption centres has in the past and may in the future adversely affect its revenues. – A significant portion of the company’s revenues are derived from a limited number of large tenants, any conditions that impact these tenants, properties, or markets may adversely affect its business, according to analysts at ICICI Securities.

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