Citizens Sabadhabar Yojana: A Milestone for Nepal’s Capital Market!
Hey investment enthusiasts! Today, we’re diving into a major win for Nepal’s financial landscape: the successful closing of the Citizens Sabadhabar Yojana! This isn’t just any news; it’s a landmark achievement as it’s the first open-ended mutual fund under Citizens Mutual Fund to be launched in Nepal, and it has been oversubscribed by a whopping 25%!
This mutual fund is managed by Citizens Capital Limited, who officially completed the unit allocation process on Shrawan 15, 2082. The demand for the Citizens Sabadhabar Yojana was incredible, exceeding the number of units initially available. Investors showed their confidence in this investment opportunity with great fervor.
The IPO, which opened on Ashadh 13, 2082, and closed on Ashadh 27, saw phenomenal participation through C-ASBA member banks and financial institutions. The final unit allocation was conducted at the Citizens Capital Limited office in Dillibazar, Kathmandu. Representatives from the fund manager, fund promoter Citizens Bank International Ltd., and CDS and Clearing Limited, along with investors, were present.
The allotment results are now available for viewing on the Citizens Capital and CDSC IPO Results websites. This means that now investors can easily access investment-related information.
This is a historic moment for Nepal’s financial market! This oversubscription by 25% sets a new precedent. Citizens Capital is extending a huge thank you to everyone who contributed to this amazing achievement, including investors, regulatory bodies, ASBA member institutions, and all stakeholders involved in the investment process.
Led by Chairperson Rajendra Lal Shrestha and CEO Sabir Bade Shrestha, Citizens Capital continues to lead the way in providing innovative financial services. They’re offering services such as financial advisory, portfolio management (PMS), and mutual fund services. As a subsidiary of Citizens Bank International Ltd., and with co-investment from Karmachari Sanchaya Kosh and prominent business figures, the company is creating an exciting environment for investors
To ensure accessibility for all, especially investors outside the Kathmandu Valley, Citizens Capital is providing PMS services through all Citizens Bank branches across Nepal, delivering expert portfolio management nationwide. This is truly a great example of financial inclusion in action, providing access to the capital market for more Nepali citizens.
Disclaimer: This information is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making any investment decisions.
