Data on Nexus Select Trust is now in the India REITs table.

India’s first retail-heavy REIT, Nexus Select Trust, finished its first trading day on the BSE at INR 104.26, a rise of 4.26% when compared to its initial public offering price of INR100.

The closing price also represents an increase of about 2% when compared to the REIT’s opening price of INR 102.27 at the start of the trading bell on 19 May.

The REIT’s unit price went as high at INR104.90 about an hour into its BSE debut, but retreated in the afternoon given more moderate trading volumes.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.