The company is issuing 100 million units of mutual funds worth Rs 1 billion at a face value of Rs 10.
Out of total 100 million approved units, the company has secured minimum of 15 million units for scheme promoter Siddhartha Bank. The remaining 85 million units will be issued to the general public.
Interested investors can apply for a minimum of 100 and maximum of 10 million mutual fund units. The company will close the issue early on May 7 and lately on May 18.
The company has appointed Siddhartha Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
ICRA Ratings has assigned BBB+ rating to the issuer indicating moderate risks.
