Allotment of 7.5 Crore Units of Nabil Flexi Cap Fund Concludes; All Valid Applicants Fully Allotted
Mon, Dec 5, 2022 10:57 AM on Latest, IPO/FPO News, Mutual Fund,
The public issue of "Nabil Flexi Cap Fund" has been allotted to applicants. The issue had opened on 23rd Kartik, 2079, and was supposed to close on 27th Kartik, 2079. However, if it was not subscribed by the early closing date, the deadline was extended till Mangsir 07, 2079.
"Nabil Flexi Cap Fund" is an open-end mutual fund scheme, meaning it won't be traded in NEPSE and has no fixed maturity period. The issue was of 75,000,000 units at a par value of Rs. 10 per unit. 15% of the total issue i.e. 1,12,50,000 units worth Rs. 11.25 crores were allocated to the fund promoter Nabil Bank Limited and scheme manager Nabil Investment Banking Limited respectively, whereas, from the remaining 6,37,50,000 units, 5 crores units were allocated to the general public in the first phase.
As per the notice published today, the company hereby informs that the issued units have been allotted to the valid applicants on Sunday (Mangsir 18).
Currently, Nabil Investment Banking manages three close-ended mutual funds, Nabil Equity Fund (NEF), Nabil Balanced Fund - 2 (NBF2) and Nabil Balanced Fund III (NBF3).
