The company is issuing 15 million units of new mutual fund units worth Rs 150 million. Out of the total offered units, the company has allocated 15 percent i.e. 3,750,000 units for Nabil Investment Banking and the remaining 11.2 million to the general public.
Interested investors can apply for a minimum of 100 and maximum of 2.5 million units mutual fund units from August 15. The issue will close early on August 19 and lately on August 29.
If the issue goes undersubscribed by 50 percent by the end of deadline, the issue will be scrapped and the applicants will be refunded.
The scheme is managed by Nabil Investment Banking. The applicants can apply from all C-ASBA approved BFIs and Meroshare.
ICRA Nepal has assigned A@ rating to the scheme promoter while Care Ratings Nepal has assigned 3+ rating to the scheme manager.
