Nabil Balance Fund II issue goes under subscribed.
April 23, 2019 | Investopaper
Nabil Balance Fund II which is to be managed by Nabil Investment Banking and sponsored by Nabil Bank made an issue of 12 crore units ordinary shares worth Rs. 1.2 arba from Baisakh 5, 2076 under the mutual fund scheme to the general public.
According to Nabil Investment Banking, the issue has received applications from more than 18000 applicants for Rs. 70 crore till date. The earlier closing date of the issue was Baisakh 9, 2076 if it was fully or oversubscribed.
Since the issue has not been fully subscribed, the date will be extended to Jestha 3, 2076 for the mutual fund scheme.
Interested investors can apply for a minimum of 100 units of share while the maximum application can be made for up to 1.2 crore units. Applicants can apply through ASBA-approved banks or meroshare.
At current Nabil Investment Banking is managing Nabil Equity Fund (NEF) with total listed shares of 12.5 crores. The earlier Nabil Balanced Fund-1 has already matured after 5 years of operation.
