National Fund Management to issue 20% equity shares via LS Capital

KATHMANDU: National Fund Management Limited (NFML) has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the upcoming public offering of 2,106,000 ordinary shares, each with a face value of Rs 100, amounting to Rs 210,600,000.

This represents a 20% equity issuance to the general public.

The agreement was signed on Mangsir 7, 2082, between NFML CEO Mr. Saroj Guragai and Laxmi Sunrise Capital CEO Mr. Bijay Lal Shrestha at Laxmi Sunrise Capital, New Baneshwor, Kathmandu.

The share issuance is expected to take place in the near future.

NFML is registered as a public limited company with the Office of the Company Registrar and is authorized by the Securities Board of Nepal (SEBON) under the Specialized Investment Fund Regulations, 2075, to operate as a fund manager for Private Equity Funds, Venture Capital Funds, and Hedge Funds.

The company has also received approval to act as a qualified institutional investor for securities issued via the book-building method.

As a fund manager, NFML has successfully raised capital and operates diversified private equity funds, including “National Equity Fund–1” and energy-focused “National Hydro Fund–2.”

NFML has been rated CARE-NP BBB (Is) [Triple B (Issuer)] by a credit rating agency. Around 27% of its investments come from government institutions, with additional investments from banks, financial institutions, and NRNs.

The company has consistently distributed dividends over the past three years.