What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Nexus Select Trust IPO?

Nexus Select Trust IPO has received a total subscription of 5.45 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Nexus Select Trust

ListedMainboard

Real Estate · NSE / BSE

Nexus Select Trust is India’s leading real estate investment trust focused on urban consumption centres. As of December 31, 2022, it owns 17 Grade-A urban consumption centres across 14 cities, with a total leasable area of 9.8 million sq. ft., alongside two hotel assets (354 keys) and three office assets totaling 1.3 million sq. ft. The trust hosts a diversified tenant mix across apparel, hypermarkets, entertainment, and F&B, and actively implements 50+ ESG initiatives to positively impact people and the environment, serving key markets including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai.

Price Band

₹95 – ₹100

Issue Size

₹3200 Cr

Lot Size

150 shares

GMP

₹3

+3.0%

Est. Listing

₹103

at current GMP

Subscribed

5.45x

overall

Open

9 May 2023

11 May 2023

Allotment

17 May 2023

Refund

18 May 2023

Demat Credit

19 May 2023

Listing

19 May 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

5.45x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 5.45x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	160,000,000	—	0.00x
Non-Institutional (NII / HNI)	48,000,000	—	0.00x
Retail Individual (RII)	112,000,000	—	0.00x
Total	320,000,000	0	5.45x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 5.45x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	746,667	4,069,335	5.45x
HNIs (10L +)	4,776	26,029	5.45x
HNIs (2-10L)	22,857	124,571	5.45x
Total Applications	774,300	4,219,935	5.45x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Nexus Select Trust Public Issue & Market Profile

Nexus Select Trust is bringing an initial public offering (IPO) in the Real Estate sector with an aggregate issue size of ₹3,200 Crores. The shares are offered at a price band of ₹95 to ₹100 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 150 shares (approx. ₹15,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-05-19, while un-allotted funds or UPI block mandates will be released on 2023-05-18.

Frequently Asked Questions

What is Nexus Select Trust IPO GMP today?

The latest Grey Market Premium (GMP) for Nexus Select Trust IPO is ₹3 per equity share. Based on the upper price band of ₹95 to ₹100 per equity share, the estimated listing price is ₹103 (+3.0% expected listing gain).

What is the expected profit per lot for Nexus Select Trust IPO?

With a lot size of 150 shares and current GMP of ₹3, the expected profit per application lot is approx ₹450 (+3.0% gain). Minimum application cost is approx ₹15,000.

What is the issue size and price band for Nexus Select Trust IPO?

The Nexus Select Trust IPO aggregate issue size is ₹3,200 Crores with an equity price band set at ₹95 to ₹100 per equity share. The retail lot size is 150 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Nexus Select Trust IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 5.45x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Nexus Select Trust IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-05-17. Investors can verify status using PAN card or application number.

When is the listing date for Nexus Select Trust IPO?

Nexus Select Trust shares are scheduled to list on NSE and BSE on 2023-05-19.