Laxmi Sunrise Capital to Launch ‘LS Horizon 12’ Scheme | To Issue 1.20 Crore Units of the Scheme [IPO]
May 14, 2025 | Investopaper
Laxmi Sunrise Capital Limited is in the process of launching a new mutual fund scheme named “LS Horizon 12”. For this purpose, the fund manager has submitted the application to the Securities Board of Nepal (SEBON) on Baisakh 26, 2082 BS seeking permission to sell the units to the public.
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The close-ended scheme “LS Horizon 12” will operate under “Laxmi Sunrise Mutual Fund”. The fund manager is planning to issue 12 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 120 crores.
Only after the permission from the regulatory body SEBON, the mutual fund scheme will be floated to the general public.
Out of the total public issue, 15 percent or 1.8 crore units of the fund will be purchased by Laxmi Sunrise Bank Limited, the promoter of the mutual fund.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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