Today is the last day to apply for the IPO of "Sanima Large Cap Fund".
"Sanima Large Cap Fund" had opened for application form Magh 09. It is a mutual fund promoted by Sanima Bank and managed by Sanima Capital. 10 crore units worth Rs. 1 Arba has been issued.
15% of the total issue is reserved for fund sponsored Sanima Bank and issue manager Sanima Capital. The remaining units are issued for eligible investors (individuals and institutions). "Sanima Large Cap Fund" is a close-ended fund, meaning it can be traded in NEPSE. Furthermore, the fund will mature 7 years after allotment.
According to the issue manager, the IPO has received 69,745 applications for a total of 9,75,04,220 units till yesterday evening.
The issue will close today at the end of banking hours. Applicants can apply for a minimum of 100 units and a maximum of 1 crore units. Unlike IPO of companies, IPOs of mutual funds are issued at a par value of Rs. 10.