The company is issuing 120 million ‘RBB Mutual Fund 2’ units worth Rs 1.20 billion at a face value of Rs 10 from April 30.
Out of total offered units, the company has secured 15 percent i.e. 18 million units for Rastriya Banijya Bank, promoter of the fund. The general public can apply for the remaining 102 million units.
Interested investors can apply for a minimum of 100 and a maximum of 12 million units.
Now the issue will close on May 14. If the issue goes undersubscribed by 50 percent, it will be canceled and the application amount will be refunded to the applicants.
The close-ended mutual fund will expire in 10 years. The investors can apply from all ASBA approved BFIs and meroshare.
RBB Merchant Banking is a subsidiary company of Rastriya Banijya Bank.
