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NEXUS SELECT TRUST INITIAL PUBLIC OFFERING TO OPEN ON TUESDAY, MAY 9, 2023


NEXUS SELECT TRUST INITIAL PUBLIC OFFERING TO OPEN ON TUESDAY, MAY 9, 2023

Expected to be the first publicly listed consumption centre REIT in India upon the listing of Units on the Stock Exchanges

· Price Band fixed at ₹95 per Unit to ₹100 per Unit

· Anchor Investor Bidding Date – Monday, May 8, 2023

· Bid/Offer Opening Date – Tuesday, May 9, 2023

· Bid/Offer Closing Date – Thursday, May 11, 2023

· Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by Bidders other than Anchor Investors

National, May 3, 2023 – Nexus Select Trust, the owner of India’s largest portfolio of consumption centres (Source: CBRE Report, by Completed Area) comprising 17 best-in-class Grade A urban consumption centres, two complementary hotel assets and three office assets, proposes to open on Tuesday, May 9, 2023, an initial public offering of Units for cash at a price per Unit aggregating up to Rs. 32,000.00 million. Wynford Investments Limited (a portfolio company of Blackstone funds) is the Sponsor of Nexus Select Trust and Nexus Select Mall Management Private Limited is the Manager. Axis Trustee Services Limited is the Trustee of Nexus Select Trust.

The public offer comprises a fresh issuance of Units aggregating up to Rs. 14,000.00 million (the “Fresh Issue”) and an offer for sale of Units by the Selling Unitholders aggregating up to Rs. 18,000.00 million (the “Offer for Sale” and together with the Fresh Issue, the “Offer”).

The Price Band for the Offer has been fixed from Rs. 95 per Unit to Rs. 100 per Unit. The Bid/Offer will close on Thursday, May 11, 2023. Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Monday, May 8, 2023.

Chris Heady, Chairman of Asia Pacific and Head of Real Estate Asia, Blackstone, said: “We are thrilled to launch Nexus Select Trust, India’s first retail-focused REIT. This reaffirms Blackstone's commitment to India, where we have built a strong presence for more than 15 years and participated in the launch of its first two REITs."

Dalip Sehgal, Chief Executive Officer of Nexus Select Mall Management Private Limited, said: “Nexus Select Trust is India’s largest mall platform and is well-positioned to capitalize on India’s unique consumption tailwinds. We are excited to be at the forefront of India’s retail journey.”

The Book Running Lead Managers to the Offer include BofA Securities India Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, IIFL Securities Limited, JM Financial Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Offer Document dated April 28, 2023 available on the websites of SEBI and the Stock Exchanges.

Investors should note that investment in units may involve risks and for details relating to such risks, prospective investors should carefully read the Offer Document, including sections titled “Risk Factors” and “Forward-Looking Statements”. Prospective investors should not rely on the Draft Offer Document filed with the SEBI and the recognized Indian stock exchanges in making any investment decision.



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