Laxmi Sunrise Capital Launches ‘LS Horizon 12’ Scheme | To Issue 1.20 Crore Units of the Scheme from Baisakh 30[IPO]
April 28, 2026 | Investopaper
Laxmi Sunrise Capital Limited has launched a new mutual fund scheme named “LS Horizon 12”.
The fund manager is going to sell the units of the mutual fund scheme in the public offering from Baisakh 30, 2083 BS.
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.
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For this purpose, Securities Board of Nepal (SEBON) gave the permission to the company on Baisakh 2, 2083 BS. The fund manager had submitted the application to the board on Baisakh 26, 2082 BS seeking permission to sell the units to the public.
Only after the permission from the regulatory body SEBON, the units of the mutual fund scheme can be floated to the general public.
If fully subscribed, the scheme offering will close on Jestha 4, 2083 BS.
Interested investors can apply for a minimum of 100 units and maximum of 1.2 crore units.
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. Therefore, the general public can participate in 10.2 crore units.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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