Garima Capital Limited Promoted "Garima Subarna Yojana" to Issue 10 Crore Units Mutual Fund Scheme to General Public From Falgun 28

Garima Capital Limited has published an offer letter to issue the "Garima Subarna Yojana" open-ended mutual fund scheme. The issue will open from the 28th Falgun to 2nd Chaitra, 2082. If not fully subscribed by the early closing date, the issue can be extended till Chaitra 12.

However, for the first public issuance, 5 crore units worth Rs. 50 crore will be opened for sale.

Out of 10 crore unit shares, 15%, i.e., 15 crores units worth Rs. 1,50,00,000, have been reserved (6%, i.e., 60 lakh units worth Rs. 60 crores, have been allocated to the scheme manager, Garima Capital Limited, and 9%, i.e., 90 lakh units worth Rs. 90 crores, have been allocated to the fund sponsor, Garima Bikas Bank Limited).

The remaining 3.50 crore units worth Rs 35 crores will be issued to the general public and institutions. Since, it is a open ended mutual fund the other remaining units will be opened for continuous purchase and sale through the distribution determined by the scheme manager as per the provisions of the Collective Investment Fund Regulations.

"Garima Subarna Yojana" is a open-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 50,00,000 units.

Offer letter: