NMB Hybrid Fund L-1 allotment of 8 crore unit public issue shares today

NMB Hybrid Fund L-1 had issued public issue of 8 crore unit shares worth Rs 80 crore from Bhadra 26, 2073 to Bhadra 31, 2073. As per the official of NMB Capital Limited, “The allotment of the public issue will take place today at 5 pm. The premise of the allotment is at Nagpokhari, Kathmandu.” NMB Capital Limited is the issue manager for the public issue. The public issue was oversubscribed by more than 4.75 times till the last day. Around 22,300 application forms were received. Interested people were required to apply for a minimum of 100 units of share and they can apply for up to 80, 00,000 unit of shares. The mutual fund company had issued a total 8 crore unit of ordinary shares worth Rs 80 crore at face value of Rs 10. Of the total 8 crore unit shares, the company has allocated 12 crore or 1.20 crore units shares, 14% for the NMB Bank Limited, 8 lakhs  unit  shares 1% for NMB Capital Limited and remaining 6 crore 80 lakhs units for general public.