Public Issue of "NMB Saral Bachat Fund - E" Subscribed Over 70%

NMB Capital Limited has opened the public issue the "NMB Saral Bachat Fund - E." The issue opened on 17th Bhadra. If subscribed fully within the early closing date, it will conclude 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 have been open for the public issue in this initial phase. 

Investors can apply for a minimum of 100 units to a maximum of 40 lakh units.

According to the issue manager, 36,919 applicants have applied for a total of 1,76,68,470 units. This is the data as of 10 am today. Thus, the issue is already subscribed to 70% of the initial public issue. 

Offer Letter