The company is issuing 120 million mutual fund units at a face value of Rs 10 per unit.
Out of the total units, the company has allocated 15 percent i.e. 18 million mutual fund units to the mutual fund promoter Nabil Bank and issue manager Nabil Investment Banking. The remaining 102 million units will be issued to the public.
The mutual fund units will mature in 10 years. The interested investors can apply for the mutual fund units through all ASBA approved BFIs and through meroshare software. The interested investors can apply for a minimum of 100 and a maximum of 12 million units.
The issue will close early on April 22 and lately on May 17.
