Sunrise Bluechip Fund raises Rs 1.23 arba within stipulated time; Know how many total applicants have applied

Mon, Mar 22, 2021 6:17 AM on Latest, IPO/FPO News, Stock Market,

Sunrise Bluechip Fund has raised a total amount of  Rs 1.23 Arba in its recently concluded IPO.

As per the fund manager, approximately 56,800 applicants have applied for the mutual fund units. A total of 12% of applications via C-ASBA are yet to be verified while 5% have been rejected, as per the media statement.

Sunrise Capital had floated a 10 crore unit mutual fund which was priced at Rs 10 per unit, as per the media statement.