NMB50 allots 10.60 crore units to general public; Fund size expanded to Rs 1.25 arba

NMB 50, managed by NMB Capital Limited and sponsored by NMB Bank Limited had floated 12 crore units mutual fund scheme worth Rs 1.2 arba from Shrawan 13, 2076. Out of 12 crore, 15% had been put in by the Fund sponsor and manager and the remaining 10.2 crore units had been floated to General public.

However, the issue had been oversubscribed till the last day of issue i.e. 10th Bhadra, 2076. Therefore, publishing a notice today, NMB Capital has informed that the size of the fund has been expanded by an additional 50 lakh units as mentioned in the prospectus.

Thus, a total of 10 crores 60 lakh 48 thousand 330 units has been allotted to 12,657 applicants. Likewise, the fund sponsor and manager have been allotted 1 crore 89 lakh 51 thousand 670 units as seed fund, making the fund size of 12.5 crore units worth Rs 1.25 arba.

Notice

NMB 50 is the NMB Capital Limited third mutual fund scheme, and is a 7-years closed-end fund which will be listed on NEPSE for trading.

NMB Capital Limited is a subsidiary of NMB Bank Limited licensed by SEBON to provide merchant banking, issue management, corporate advisory, underwriting and mutual fund services.