Nabil Balanced Fund III: Listing Update

Nabil Investment Banking Limited is awaiting approval from SEBON to list their mutual fund "Nabil Balanced Fund III." Since the issue was oversubscribed, Nabil Invest is allowed to raise the fund size by 25%, for which the fund manager is awaiting a nod of approval from the regulator.

Since the process is thus reliant on SEBON, the fund manager could not give Sharesansar an approximate listing date either.

Nabil Investment Banking Limited recently concluded the allotment for public issue of the "Nabil Balanced Fund III". The public issue had opened on 25th Bhadra and concluded on 29th Bhadra, 2078, at the end of banking hours.

Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund was allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores units were open for the public issue.

According to Nabil Invest, 1,43,251 applicants had applied for a total of 22,94,23,170 units. From this total data, 1,34,584 applications for 19,60,23,200 units were valid. Applicants applying from 100 to 16,000 units have been allotted the exact ask quantity. Meanwhile, applicants applying from 17,000 to 1 crore units have been allotted 16670 units each. The remaining 2380 units have been distributed via lottery in this applicant group. This group had 909 applicants, and 238 of them have received 10 units each.