"NIBL Samriddhi Fund - II" Closes With Applications for 15,63,22,190 Units; Fund Manager Extends Gratitude to Everyone on Success of the Issue

"NIBL Samriddhi Fund - II" has now closed its public issue.

NIBL Ace Capital Limited opened the IPO issue of "NIBL Samriddhi Fund - II" from 13th Baisakh. The issue closed yesterday, i.e. on 16th Baisakh, 2078.

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 were issued. 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 were reserved for the issue manager NIBL Ace Capital. Similarly, 2.3 crore units were reserved for the fund promoter Nepal Investment Bank. The remaining 9.6 crore units were then issued for the public.

According to CDSC, the issue has received 67,077 applications for a total of 15,63,22,190 units. This is the data reported after the issue closed yesterday. The issue is thus oversubscribed.

The issue manager claims the issue has attracted huge individual & institutional investor attraction. The fund manager is also confident it has been able to aware and attract investors towards the overall mutual fund sector in the country. The fund manager has thanked all the investors for their active participation on the issue.