IPO of "Prabhu Select Fund" to Open From Jestha 05

Mon, May 10, 2021 10:38 AM on IPO/FPO News, Latest,

Prabhu Capital Limited has published an offer letter to issue Prabhu Select Fund. The issue will open on 5th Jestha and close on 9th Jestha, 2078. If not subscribed by then, the issue will close on 15th Jestha.

Prabhu Select Fund is a mutual fund scheme worth Rs 1 Arba. Thus, 10 crore units of Rs 10 face value each will be issued. Prabhu Select Fund is a close-ended scheme with a maturity period of 7 years. The fund projects a 4.08% return to investors in its first year, 22.34% in its second year, 42.16% in its third year, and 130.47% in its eight year. 

14% of the issue has been allocated for the fund promoter Prabhu Bank and 1% for the fund manager Prabhu Capital. The remaining 8.5 crore units will be issued to the general public.

Investors can apply for a minimum of 100 units and a maximum of 8.5 crore units.

Click here to view the offer letter.