Nexus Select Trust anchor book fully subscribed at ₹1,440 crore

May 8, 2023

Nexus Select Trust’s anchor book saw ₹1,440 crore being raised with 16 institutional investors participating at 45 percent of the IPO size was fully subscribed. The allocation was done at ₹100 per unit.

Around 80 per cent of the anchor bank was accounted by Indian financial institutions including mutual funds and insurance companies.

Also read: Nexus Select Trust REIT IPO: Should you subscribe?

Among the mutual funds, HDFC MF had the highest allocation of units at ₹280 crore, followed by IIFL AMC with ₹150 crore, ICICI Pru MF at ₹100 crore and SBI MF ₹100 crore. HDFC Life Insurance subscribed to units worth ₹175 crore, SBI Life ₹144 crore and Star Health ₹100 crore.

Other anchor investors included Prusik, Morgan Stanley and Tata Investment Corp.

Nexus Select Trust’s IPO will be open for subscription May 9-11 and the units will be listing on May 19.

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