The IPO of Nexus Select Trust is opening on 9th May. Investors will be able to subscribe to this IPO of the company till May 11. The company has fixed the price band of Rs 95 to Rs 100 per share for this IPO.
There is good news for those investing in the stock market through IPO. The IPO of Nexus Select Trust IPO is coming in the stock market this week. The company’s IPO is opening on 9 May. The size of Nexus Select’s IPO is Rs 3200 crore. In which shares will be issued under fresh issue as well as offer for sale. Let me tell you, Nexus will be the first company in the REIT segment to be listed on the stock market.
95 to 100 rupees is the price band (Nexus Select Trust IPO Price Band)
You will have until May 11 to bet on the Nexus IPO. The company has fixed a price band of Rs 95 per share to Rs 100 per share for the IPO. Whereas, the lot size for this IPO is 150 shares. That is, retail investors will have to invest at least Rs 15,000. Let us tell you, anchor investors will be able to subscribe to the IPO of this Nexus on 8th May i.e. tomorrow.
The company’s IPO size is Rs 3200 crore. In which fresh issue of Rs 1400 crore and share offer of Rs 1800 crore will be issued under sale. Let us tell you, on May 16, shares can be allotted to investors who place bets on behalf of the company. At the same time, the listing of the company in the stock market can be done on May 19. Nexus will be listed on BSE and SME.
What’s going on GMP? (Nexus Select Trust IPO GMP)
According to the report of the top stock broker, today i.e. on Sunday, the company’s shares are available in the gray market at a premium of Rs 5. Which is a good sign for investors before the IPO opens. Now it has to be seen what kind of response investors get to this IPO.
