Global IME Capital is conducting the allotment program for its IPO issue for 12 crore unit mutual fund scheme, "Global IME Balance Fund -1" this Wednesday, i.e. Shrawan 11. The program will commence at 9 am at the premises of Global IME Capital, Laxman Babu Bhawan, Naxal, Kathmandu.
The issue was of 12 crore units worth Rs 1.2 arba and the per-unit cost is Rs 10. An investor could apply for a minimum of 100 units and a maximum of 1.20 crore units. 15% of the total units i.e. 1.80 crore units worth Rs. 18 crores have been allocated to the fund sponsor Global IME Bank Limited and fund manager Global IME Capital Limited. Thus, the remaining 10.20 crores units was for the general public.
This fund is managed by Global IME Capital Limited and sponsored by Global IME Bank. As of now, Global IME Capital manages one closed-end mutual fund named Global IME Samunnat Scheme 1 (GIMES1).