The company is issuing 20 million mutual fund units worth Rs 200 million having a face value of Rs 10.
As per the company, after the public issuance and allotment of first 20 million mutual fund units, on the basis of net asset value of the mutual fund units, the scheme manager will calculate the daily net asset value (NAV) as a base price for repurchase or sell of the mutual fund units through the designated mutual fund seller.
Out of the total offered units, the company has secured 5 percent for its scheme manager Siddhartha Capital and 10 percent to its promoter Siddhartha Bank.
The issue will close early on July 4 and lately on July 14. The interested investors can apply from all C-ASBA approved BFIs and meroshare web and app.
