Last day to grab public issue worth Rs 80 crore shares of NMB Hybrid Fund L-1; already collected Rs 1.29 arba from 9,157 applicants till third day

NMB Hybrid Fund L-1 has been issuing public issue of 8 crore unit shares worth Rs 80 crore from Bhadra 26, 2073.Today is the last day of the public issue as per the notice published by the company. The issue has been oversubscribed by 1.62 times . NMB Hybrid Fund L-1 is basically a 7 years closed-end mutual fund scheme. The mutual fund scheme will be managed by NMB Capital, a wholly owned subsidiary of NMB Bank. As per an official of NMB Capital Limited,” The total collection of the public issue has reached Rs 1 arba 29 crore 68 lakh till third day. Around 9,157 application forms were received.” The offer closes today (Bhadra 31, 2073). The maximum closing date for the offer is Ashwin 9, 2073. Interested people must apply for a minimum of 100 units of share and they can apply for up to    80, 00,000 unit of shares. The mutual fund company is issuing a total 8 crore unit of ordinary shares worth Rs 80 crore at face value of Rs 10. Of the total 8 crore unit shares, the company has allocated 12 crore or 1.20 crore units shares, 14% for the NMB Bank Limited, 8 lakhs  unit  shares 1% for NMB Capital Limited and remaining 6 crore 80 lakhs units for general public. The issue manager for the public issue is NMB Capital Limited. NMB bank already has its first mutual fund scheme NMB Sulav Investment Fund – 1 (NMBSF-1), listed in NEPSE.  The last traded price of NMBSF-1 is Rs 16.20 per unit as of September 1, 2016. The current Net Asset Value of NMBSF-1 is at Rs 19.03 as on the report based on Shrawan end.