NMB Hybrid Fund L-1 public issue oversubscribed by 4.75 times till last day; collected Rs 3.80 arba from 22,300 applicants

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. The issue has been oversubscribed by 4.75 times till last day. NMB Hybrid Fund L-1 is basically a 7 years closed-end mutual fund scheme. The mutual fund scheme will be managed by NMB Capital, a wholly owned subsidiary of NMB Bank. As per an official of NMB Capital Limited,” The total collection of the public issue has crossed Rs 3 arba 80 crore till 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. The issue manager for the public issue is NMB Capital Limited. NMB bank already has its first mutual fund scheme NMB Sulav Investment Fund – 1 (NMBSF-1), listed in NEPSE.  The current Net Asset Value of NMBSF-1 is at Rs 19.03 as on the report based on Shrawan end.