Public Issue of 12 crore units "Sanima Growth Fund" Mutual Fund Scheme Extended Till Kartik 30

Sun, Nov 6, 2022 10:43 AM on Latest, IPO/FPO News, Mutual Fund, Stock Market,

Sanima Capital Limited had earlier published an offer letter to issue the closed-end mutual fund scheme "Sanima Growth Fund." The issue was open from today 16th Kartik and was supposed to close on 20th Kartik, 2079. However, if it was not subscribed by the early closing date, the deadline shall be extended till Kartik 30.

Likewise, Sanima Capital Limited has extended its 12 crore units of Rs 10 face value each "Sanima Growth Fund" issue to the general public till 30th Kartik, 2079.

12 crore units will be issued at a par value of Rs. 10 per unit. 13% of the total units i.e. 1.56 crore units worth Rs. 15.6 crores have been allocated to the fund promoter Sanima Bank Limited whereas 2% of the total units i.e. 24 lakh units have been allocated to the fund manager Sanima Capital Limited. Thus, the remaining 10.20 crore units will be allocated to the general public.

"Sanima Growth Fund" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 11 years. Applicants can apply for a minimum of 100 units to a maximum of 1.20 crore units.

Currently, Sanima Capital is managing two closed-end funds i.e Sanima Equity Fund (SAEF) and Sanima Large Cap Fund (SLCF) in the market.