"NIBL Growth Fund" and "Sanima Growth Fund" Now Listed in NEPSE

13,20,00,000 units of "NIBL Growth Fund" have been listed in NEPSE.

The public issue of "NIBL Growth Fund" was recently allotted to applicants. The issue had opened on 7th Poush and closed on 21st Poush, 2079, at the end of banking hours. The open price range is set as Rs. 10 for the first transactions.

"NIBL Growth Fund" is a closed-end fund that has a maturity period of 10 years. Out of the total 16 crore unit shares, 19% of the total units i.e. 3.04 crore units were allocated to the fund sponsor Nepal Investment Bank Limited whereas 1% of the total units i.e. 16 lakh units were allocated to the fund manager NIBL Ace Capital Limited. Thus, the remaining 12.80 crore units were for the public issue.

Despite the fact that the fund's initial issuance size was intended to be 16 crore units, the fund has now been resized to Rs. 1.32 Arba of its original size due to the undersubscription, making the total units of the fund to be 13.2 crore units.

Similarly, 6,72,53,260 units of "Sanima Growth Fund" have also been listed in NEPSE.

The public issue of "Sanima Growth Fund" was recently allotted to applicants. The issue had opened on 16th Kartik and closed on 30th Kartik, 2079, at the end of banking hours.

"Sanima Growth Fund" is a closed-end fund that has a maturity period of 11 years. 12 crore units were issued at a par value of Rs. 10 per unit. 13% of the total units i.e. 1.56 crore units worth Rs. 15.6 crores were allocated to the fund promoter Sanima Bank Limited, whereas, 2% of the total units i.e. 24 lakh units were allocated to the fund manager Sanima Capital Limited. Thus, the remaining 10.20 crore units were allocated to the general public.

The fund has now been resized to Rs. 67.25 Crores of its original size due to the undersubscription, making the total units of the fund to be 6.72 crore units.