IPO Update: Public Issue of "NIBL Samriddhi Fund - II" Subscribed 87.16% on Second Day

NIBL Ace Capital Limited has opened the IPO issue of "NIBL Samriddhi Fund - II" from 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 29,848 applications for a total of 1,04,58,70,40 units. This is the data as of the second day. By this time, the issue was subscribed to about 87.16%.

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