IPO Issue of "NIBL Samriddhi Fund - II" Subscribed 53.44% on First Day Itself; How Many Have Applied?

NIBL Ace Capital Limited has opened the IPO issue of "NIBL Samriddhi Fund - II" from yesterday, i.e. 13th Baisakh. The issue will close on 16th Baisakh, 2078. If not subscribed by Baisakh 16, the issue can be extended till 27th Baisakh.

NIBL Samriddhi Fund - II is a mutual fund scheme worth Rs 1.2 Arba. Considering that each unit of a mutual fund has a face value of Rs. 10, twelve crore units have been issued.

NIBL Samriddhi Fund - II is a closed-end mutual fund scheme with a maturity period of 10 years. Out of the total 12 crore units, 10 lakh units have been reserved for the issue manager NIBL Ace Capital. Similarly, 2.3 crore units have been reserved for the fund promoter Nepal Investment Bank. The remaining 9.6 crore units have been issued for the public.

According to the issue manager, the issue has received 11,920 applications for a total of 4,01,24,390 units. This is the data as of 5: 10 pm on the first day. By this time, the issue was subscribed to about 53.44%.

Investors can apply for a minimum of 100 units and a maximum of 1.20 crores.