Laxmi Unnati Kosh Public Issue: 8,22,68,070 units applied for by the public and the institutions combined

Mon, Aug 10, 2020 12:40 PM on Latest, Mutual Fund, IPO/FPO News,

Laxmi Capital Market Limited has closed the issue of 80 million units of Rs 10 face value each mutual fund scheme (Laxmi Unnati Kosh) worth Rs 800 million to the general public and institution on Shrawan 25, 2077. This issue was opened from Shrawan 11, 2077.

Out of the total 80 million units with Rs. 10 face value each, 15% was reserved for Laxmi Bank Limited. The remaining 85%, which amounts to the remaining 68 million units, was issued to the public from Shrawan 11.

However, since enough applications weren't received from the general public, Laxmi Capital had opened applications to institutions and companies as well.

Laxmi Capital informed Sharesansar that a total of 8,22,68,070 units were applied for by the public and the institutions combined. There were 35,632 total applicants