NMB Capital Closing Issue of “NMB Hybrid Fund L-II” from Falgun 8
February 20, 2025 | Investopaper
NMB Capital Limited has launched a new mutual fund scheme named “NMB Hybrid Fund L-II”. The close-ended scheme “NMB Hybrid Fund L-II” will operate under “NMB Mutual Fund”. The fund manager is currently issuing 12 crores units at a par value of Rs. 10 from Magh 24, 2081 BS. Hence, the total issue amounts to Rs. 120 crores.
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The public offering will close on Falgun 8, 2081 BS. Earlier, if fully subscribed, the scheme offering was set to close on Magh 28, 2081 BS. However, due to under-subscription until that period, the deadline for application was extended.
Interested investors can apply for a minimum of 100 units and maximum 1.2 crore units.
For this purpose, Securities Board of Nepal (SEBON) has given permission to the company on Poush 2, 2081 BS. The fund manager has submitted the application to the board on Jestha 13, 2079 BS seeking approval to sell the units to the general public. Only after the permission from the regulatory body SEBON, the mutual fund scheme can be floated to the general public.
Out of the total public issue, 14 percent or 1.68 crore units of the fund will be purchased by NMB Bank, the promoter bank of the mutual fund and 1 percent or 12 lakh units will be purchased by NMB Capital Limited, the fund manager of the scheme. Hence, the general public can participate in the remaining 10.20 crore units.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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