Laxmi Equity Fund will be floating its public issue of 10 crore unit shares worth Rs 1 arba from Baisakh 22, 2074.
Laxmi Equity Fund is a closed-end 7-years equity oriented scheme with fund size of Rs 1 arba. The mutual fund is managed by Laxmi Capital Market Limited and Laxmi Bank Limited is its fund sponsor.
The offer will close on Baisakh 26, 2074 at the earliest. The maximum closing date for the offer is Jestha 5, 2074.
Interested people must apply for a minimum of 100 units of share and they can apply for up to 1,00,00,000 unit of shares.
The mutual fund is issuing a total of 10 crore unit of ordinary shares worth Rs 1 arba at face value of Rs 10 per unit. Of the total 10 crore unit shares, the company has allocated 1.50 crore units (or 15%) for the Laxmi Bank Limited, the fund sponsor and 8.50 crore unit shares for general public.
The issue manager for the public issue is Laxmi Capital Market Limited.
Laxmi Capital Market Limited has got [ICRANP] AMC Quality 3 (AMCs) from ICRA Nepal.
Laxmi Capital already has its first mutual fund scheme
Laxmi Value Fund – 1 (LVF1) listed in NEPSE. The fund’s net asset value (NAV) remains at Rs 11.55 as of Falgun end. Its last traded price (LTP) stands at Rs 12.75 as on April 16, 2017.
Currently, there are
10 mutual fund schemes already in the market.
Collection centers details:
| S. No. |
Collection Center Name |
Contact Person |
Contact Number |
| 1. |
Laxmi Capital Markets Limited, New Baneswor, Kathmandu |
Bijaya Mahato |
01-4780222 |
| 2. |
Laxmi Bank Limited, Hattisar, Kathmandu & all of its branches |
Avish Acharya |
01-4444684 |
