Nabil Investment Banking Limited has concluded the allotment for public issue of the "Nabil Balanced Fund III". The public issue opened on 25th Bhadra and concluded on 29th Bhadra, 2078, at the end of banking hours.
Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund was allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores units were open for the public issue.
According to Nabil Invest, 1,43,251 applicants had applied for a total of 22,94,23,170 units. From this total data, 1,34,584 applications for 19,60,23,200 units were valid.
Applicants applying from 100 to 16,000 units have been allotted the exact ask quantity. Meanwhile, applicants applying from 17,000 to 1 crore units have been allotted 16670 units each. The remaining 2380 units have been distributed via lottery in this applicant group. This group had 909 applicants, and 238 of them have received 10 units each.