Last day to apply for the IPO of mutual fund scheme – NIBL Growth Fund
For the scheme's implementation, Capital has issued 160 million units with a face value of Rs 10 per unit. One percent, or 1.6 million units.
KATHMANDU: Today is the last day to apply for units sold by NIBL Ace Capital Limited beginning Dec 22. Capital has issued the NIBL Growth Fund, a 10-year collective investment fund unit.
For the scheme’s implementation, Capital has issued 160 million units with a face value of Rs 10 per unit. One percent, or 1.6 million units, of the total units have been reserved for the scheme manager, and 19 percent, or 34 million units, have been reserved for fund promoter Nepal Investment Bank. The remaining 128 million units are open to general investors.
This unit was supposed to go on sale on December 27. As the application was not received in time for the fast period, the sale will be held until January 5 in the late period. Investors can request purchases ranging from 100 units to 16 million units.
This scheme, which is managed by NIBL Mutual Fund, is a closed-end scheme. NIBL Ace Capital Limited is the fund’s issuing and selling manager.
Investors may apply through any ASBA member bank or financial institution, as well as their designated branch offices, that have been approved by the Nepal Securities Board.
