NIBL Pragati Fund will be floating its public issue of 6 crore unit shares worth Rs 60 crore from Mangsir 16, 2073.
NIBL Pragati Fund is basically a 7 years closed-end mutual fund scheme. The mutual fund scheme will be managed by NIBL Capital, a wholly owned subsidiary of Nepal Investment Bank.
The offer will close on Mangsir 20, 2073.
Interested people must apply for a minimum of 100 units of share and they can apply for up to 60, 00,000 units of shares.
The mutual fund company will be issuing a total 6 crore units of ordinary shares worth Rs 60 crore at face value of Rs 10. Of the total units of share floated 15% has been set aside for Nepal Investment Bank Limited and NIBL Capital Markets Limited. Of that 15 percent shares, the company has allocated 13.33% for Nepal Investment Bank Limited i.e. 80 lakh unit shares and 1.66% for the NIBL Capital Markets Limited i.e. 10 lakhs unit shares and remaining 5 crore 10 lakhs units for general public.
The issue manager for the public issue is NIBL Capital Markets Limited.
Nepal Investment Bank has its first mutual fund scheme, NIBL Samriddhi Fund-1 (NIBSF1) listed in NEPSE. The last traded price of NIBSF1 is Rs 12.45 per unit as of November 23 2016. The current Net Asset Value of NIBSF1 is at Rs 16.1 as on the report based on Ashwin 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.
Recently, NMB Hybrid Fund L-1 and Nabil Equity Fund-1 had floated public issue worth Rs 80 crore and Rs 1 arba respectively.
Collection centers details:
| S.No |
Collection Center Name |
Contact Person |
Contact Number |
| 1. |
NIBL Capital Markets Limited, Lazimpat, Kathmandu |
Badri Prasad Pyakhurel |
01-4005080 |
| 2. |
Nepal Investment Bank Limited, Inside Kathmandu Valley: Durbarmarg, Newroad, Putalisadak, Thamel, Kalimati, Batisputali, Gongabu, Boudha, Tripureswor, Bhotahiti, New Baneswor, Dhumbarai, Lazimpat, Maharajgunj, Pulchowk, Lagankhel and Sipadol
Outside Kathmandu Valley forms are available in all branches |
|
01-4005080 |
