Nabil Equity Fund will be floating its public issue of 10 crore unit shares worth Rs 1 arba from Ashwin 2, 2073.
Nabil Equity Fund is basically a 7 years closed-end mutual fund scheme. The mutual fund scheme will be managed by Nabil Investment Banking Limited, a wholly owned subsidiary of Nabil Bank.
The offer will close on Ashwin 6, 2073 at the earliest. The maximum closing date for the offer is Ashwin 16, 2073.
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 company will be issuing a total 10 crore unit of ordinary shares worth Rs1 arba at face value of Rs 10. Of the total units of share floated 15% has been set aside for Nabil Bank Limited and Nabil Investment Banking Limited. Of the 15 percent shares, the company has allocated 14% for Nabil Bank Limited i.e. 1.40 crore unit shares and 1% for the Nabil Investment Banking Limited i.e. 10 lakhs unit shares and remaining 8 crore 50 lakhs units for general public.
The issue manager for the public issue is Nabil Investment Banking Limited.
Nabil Bank has its first mutual fund scheme, Nabil Banlance Fund-1 (NBF-1), listed in NEPSE. The last traded price of NBF-1 is Rs 25 per unit as of September 7, 2016. The current Net Asset Value of NBF-1-1 is at Rs 28.22 as on the report based on Shrawan end.
There are a total of seven mutual fund scheme listed in Nepal Stock Exchange Limited (NEPSE) at present. They are Siddhartha Investment Growth Scheme-1 (SIGS1) worth Rs 50 crore, Siddhartha Equity Oriented Scheme (SEOS) worth 100 crore, Laxmi Value Fund-1 (LVF1) worth Rs 50 crore, Nabil Balanced Fund-1 (NBF1) worth 75 crore , NIBL Samriddhi Fund-1 (NIBSF1) worth Rs 100 crore, NMB Sulav Investment Fund-1 (NMBSF1) worth Rs 75 crore and Global IME Sammunati Scheme-1 worth Rs 80 crore.
The mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed
. Mutual fund is a best option for those investors who are willing to invest in stock market but lack knowledge about stock market. Mutual fund is also a best investment alternative for these type of investor. It is a good alternative to invest in mutual fund than do saving in Bank and Financial Institutions (BFIs). However investment in mutual fund is not risk free because they also invest in stock market.
Recently, NMB Hybrid Fund L-1 had published offer letter to issue public issue worth Rs 80 crore.
Collection centers details:
| S.No |
Collection Center Name |
Contact Person |
Contact Number |
| 1. |
Nabil Investment Banking Limited, Naksal, Kathmandu |
Rajiv Gupta |
01-4411604 |
| 2. |
Nabil Bank Limited, Inside Kathmandu Valley: Maharajgunj, Balaju Sinamangal, Satdobato, Lalitpur, Kausaltar, Bhaktapur
Outside Kathmandu Valley forms are available in all branches |
Sidhanta Thakuri |
01-4227181 |
