The company is issuing 100 million units at a face value of Rs 10 per unit. Out of the total number of units, 13% or 13 million units will be reserved to the fund promoter Muktinath Bikas Bank and the remaining 85 million units will be issued to the general public.
The interested investors can apply for a minimum of 100 units and a maximum of 10 million units. Now the issue will close on October 1.
The allotment of units will be done if the company obtains application of at least 50 percent i.e. 50 million units. If the minimum number of units is not sold, the scheme will be cancelled and the company will refund to the applicants within 15 days.
The company has appointed Muktinath Capital as the issue manager. The interested investors can apply from all C-ASBA approved BFIs and Mershare.
