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Citizens Mutual Fund allotment concludes; 17,277 applicants allotted with demanded units while remaining 35 deemed as ineligible

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Sun, Mar 4, 2018 4:44 PM on Latest, Dividend, Bonus & Rights, Mutual Fund, Featured, Stock Market,
-ShareSansar

Citizens Mutual Fund-1 (CMF1) has concluded its public issue allotment today.

As per the information received from CBIL Capital, the fund manager of the Citizens Mutual Fund, there were altogether 17,312 applicants and 17,277 applicants were allotted with the units they demanded whereas 35 applicants were invalid due to reasons such as multiple application and/or application for less than 100 units. Out of total issue, 6,70,00,000 units were allotted to the general public and 1,50,00,000 units were allotted to the sponsoring and promoting institutions.

Although Citizens Mutual Fund had floated its public issue of 10 crore unit shares worth Rs 1 arba, the fund size was decreased to Rs 82 crore following undersubscription of the shares even though the deadline was extended twice. It had floated public issue from Magh 2, 2074 to Falgun 3, 2074. Under the current regulation, 15% units i.e. 1.50 crore units were reserved for CZBIL and CBIL Capital.

Citizen Mutual Fund is CBIL Capital’s first mutual fund scheme, and is a 7-years closed-end fund. The scheme will be managed by CBIL Capital Limited with Citizens Bank International Limited (CZBIL) as the fund sponsor.

The list of 35 applicants that were declared ineligible is as follows:

SrNo Full Name AppShKitta DepoAmt BOID Invalid_Reason
1 PRABIN BHANDARI 500 5000 1301060000703156 Multiple Application
2 PRABIN BHANDARI 500 5000 1301060000703156 Multiple Application
3  MANISHA RANA MAGAR 1000 10000 1301070000181672 Multiple Application
4 MANISHA RANA MAGAR 1000 10000 1301070000181672 Multiple Application
5 RABI RATNA HADA 1000 10000 1301070000297166 Multiple Application
6 RABI RATNA HADA 500 5000 1301070000297166 Multiple Application
7 BHOLA NATH DAHAL 2000 20000 1301100000256035 Multiple Application
8 DAHAL BHOLANATH 1000 10000 1301100000256035 Multiple Application
9 RAJENDRA KUMAR NEUPANE 500 5000 1301110000067874 Multiple Application
10 RAJENDRA KUMAR NEUPANE 410 4100 1301110000067874 Multiple Application
11 ABHAYA KUMAR NEUPANE 500 5000 1301110000095376 Multiple Application
12 ABHAYA KUMAR NEUPANE 500 5000 1301110000095376 Multiple Application
13 SWATANTRA MAHARJAN 100 1000 1301120000242742 Multiple Application
14 SWATANTRA MAHARJAN 5000 50000 1301120000242742 Multiple Application
15 SHIVA KUMAR MAHARJAN 500 5000 1301170000019391 Multiple Application
16 SHIVA KUMAR MAHARJAN 500 5000 1301170000019391 Multiple Application
17 TIKA  SHRESTHA 100 1000 1301170000177755 Multiple Application
18 TIKA SHRESTHA 100 1000 1301170000177755 Multiple Application
19 RAGAN SHAKYA 100 1000 1301170000204807 Multiple Application
20 RAGAN SHAKYA 100 1000 1301170000204807 Multiple Application
21 SHRUTI  DANGOL 500 5000 1301170000227343 Multiple Application
22 SHRUTI DANGOL 500 5000 1301170000227343 Multiple Application
23 SHREE PRASAD BHATTARAI 1000 10000 1301190000037740 Multiple Application
24 SHREE PRASAD BHATTARAI 1000 10000 1301190000037740 Multiple Application
25 THAKUR PRASAD ADHIKARI 500 5000 1301280000076870 Multiple Application
26 THAKUR PRASAD ADHIKARI 500 5000 1301280000076870 Multiple Application
27 KUMAR BARAL 500 5000 1301370000418481 Multiple Application
28 KUMAR BARAL 100 1000 1301370000418481 Multiple Application
29 UMESH YADAV 100 1000 1301370000832531 Multiple Application
30 UMESH YADAV 400 4000 1301370000832531 Multiple Application
31 BINAYA GURAGAIN 1000 10000 1301430000029707 Multiple Application
32 GURAGAIN BINAYA 1000 10000 1301430000029707 Multiple Application
33 KIRAN  GHIMIRE 200 2000 1301510000053540 Multiple Application
34 KIRAN GHIMIRE 500 5000 1301510000053540 Multiple Application
35 ARATI THAPA 50 500 1301260000007533 Less Kitta Applied
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