Mutual Fund "NIBL Samriddhi Fund - II" Opening for Application from Baisakh 13
Sun, Apr 18, 2021 10:58 AM on Latest, IPO/FPO News, Mutual Fund,
NIBL Ace Capital Limited has published an offer letter to issue NIBL Samriddhi Fund - II.
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 will be issued. The issue will open on 13th Baisakh and close on 16th Baisakh, 2078.
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 will be issued for the public.
Investors should apply for a minimum of 100 units and a maximum of 1.20 crores. If not subscribed by Baisakh 16, the issue can be extended till 27th Baisakh.
