Public Issue of "NMB Saral Bachat Fund - E" Concludes; Issue Oversubscribed 2.72 Times

NMB Capital Limited has concluded the public issue of the "NMB Saral Bachat Fund - E." The issue opened on 17th Bhadra. Since the issue was already oversubscribed before the early closing date, it concluded on 21st Bhadra, 2078.

The "NMB Saral Bachat Fund - E" is an open-ended mutual fund, meaning it won't be traded in NEPSE. The fund has no maturity period, and the fund manager can add to the size of the mutual fund whenever needed.

The fund plans to initially have a size of 10 crore units of Rs 10 face value each. The public issue is only 40% of this figure. 14% of this public issue has been allocated for the fund promoter NMB Bank and 1% for NMB Capital. Thus, only 2.5 crore units were then open for the public issue in this initial phase.

According to the issue manager, 99,703 applicants have applied for a total of 6,79,56,430 units. This is the data after the issue concluded at 5 pm yesterday. Note that the final data may deviate after verification.