Last Call for Investors! NMB Capital closing "NMB Sulav Investment Fund - II" from today; Issue already oversubscribed
Thu, Aug 25, 2022 7:04 AM on IPO/FPO News, Mutual Fund, Latest,
NMB Capital Limited is closing the issue of "NMB Sulav Investment Fund - II" from today (Bhadra 9, 2079).
This issue was open on 26th Shrawan and supposed to close on 31st Shrawan, 2079. But it was not subscribed fully and extended till today.
14% of the total 12 crores units i.e 1,68,00,000 units will be allocated to the fund promoter NMB Bank whereas 1% i.e 12 lakh units will be allocated to the fund manager NMB Capital. The remaining 10.2 crore units are for the public issue. Given that each unit has a par value of Rs. 10, the fund is worth Rs. 1.2 Arba.
Applicants apply for a minimum of 100 units to a maximum of 1.2 crore units.
According to CDSC, 41,925 applicants have applied for a total of 107,244,390 units. This data is till 5 PM yesterday. This means that the issue (public) has already been oversubscribed.
"NMB Sulav Investment Fund - II" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years. As of now, NMB Capital is managing two closed-end funds i.e NMB Hybrid Fund L- 1 (NMBHF1) and NMB 50 (NMB50), and one open-end fund i.e NMB Saral Bachat Fund - E (NMBSBF) in the market.
