Machhapuchchhre Capital Closing the Issue of ‘MBL Equity Fund’ from Today
March 20, 2025 | Investopaper
Machhapuchchhre Capital Limited has launched a new mutual fund scheme named “MBL Equity Fund”. The fund manager is currently issuing 12 crores units from Falgun 22, 2081 BS. At a par value of Rs. 10, the total issue amounts to Rs. 120 crores.
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The public offering will close on Chaitra 7, 2081 BS. Earlier, the scheme offering was set to close on Falgun 26, 2081 BS. However, due to under-subscription until that period, the deadline for application was extended.
Out of the total public issue, 15 percent or 1.8 crore units of the fund will be purchased by Machhapuchchhre Bank, the promoter bank of the mutual fund (14 percent) and Machhapuchchhre Capital, the fund manager (1 percent).
Interested investors can apply for a minimum of 100 shares and a maximum of 120,00,000 shares.
For this purpose, Securities Board of Nepal (SEBON) has given the approval to the company on Magh 20, 2081 BS. The fund manager had submitted the application to the board on Ashwin 21, 2081 BS seeking permission to sell the units to the public. Only after the permission from the regulatory body SEBON, the mutual fund scheme can be floated to the general public.
The close-ended scheme “MBL Equity Fund” will operate under “MBL Mutual Fund”.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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