Nexus Select Trust IPO listing date has been fixed on 19th May 2023 i.e. today. As per the information available on BSE website, effective from Friday, May 19, 2023, the units of Nexus Select Trust shall be listed and admitted to dealings on the BSE and NSE in the list of ‘IF’ group of securities in Special Pre-open Session (SPOS) on Friday.
According to stock market experts, Nexus Select Trust share price may have a decent debut on Dalal Street. Market experts said that Nexus Select Trust IPO was offered at an attractive valuations and its price to book is also favourable for investors that we saw in strong response during bidding. They said that much will depend upon the market mood and expected that in bear case Nexus Select Trust IPO listing premium could be around 3-5 per cent whereas in bulls case we may witness listing percentage premium in double digits. According to market observers, Nexus Select Trust shares are available at a premium of ₹5 per equity share. This means Nexus Select Trust IPO GMP (grey market premium) today is ₹5.
Nexus Select Trust IPO listing price prediction
On Nexus Select Trust IPO listing price prediction, Prashanth Tapse, Senior VP — Research at Mehta Equities said, “Nexus Select Trust REIT is a good option for yield investors who can expect near about 8.5 per cent yield arising from stable cash flows along with decent capital appreciation on long term. Grey market demand hints for a decent listing around 4-5 per cent max on Nexus Select Trust IPO price of ₹95 to ₹100 per equity share.”
Expecting positive debut of Nexus Select Trust share price on Dalal Street, Vaibhav Kaushik, Research Analyst at GCL Broking said, “Nexus Select Trust REIT has good parentage and assets quality. It has managed to reduce its debt in recent years that signals more payouts to the investors. The payout ratio may go up to 9 per cent after debt reduction and hence it would be a good portfolio stock who believe in payouts from capital reserves instead of stock growth.”
Asked about expected Nexus Select Trust IPO listing price, Vaibhav Kaushik said, “The public issue has been offered at 22 per cent discount of its NAV, which means in bulls case we can expect Nexus Select Trust share price debut at around ₹115 whereas in bear case, it could be around ₹105. This means in bulls case, Nexus Select Trust IPO listing premium would be to the tune of 15 per cent whereas in bear case, this premium may reduce to 5 per cent.”
What Nexus Select Trust IPO GMP signals
According to market observers, Nexus Select Trust shares are available at a premium of ₹5, which means Nexus Select Trust IPO GMP today is ₹5. This means, grey market is expecting that Nexus Select Trust IPO listing price would be around ₹105, means 5 per cent higher from Nexus Select Trust IPO price band of ₹95 to ₹100 per equity share.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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