NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.
Highlights:
- “Closing Today: Public Issue of 8.5 Crore Units ‘Himalayan 80-20’ Mutual Fund Scheme”
- Citizens Capital Limited Closes “Citizens Super 30 Mutual Fund” Issue to General Public
- SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units
- RBB Merchant Banking Closes RBB Mutual Fund 2 Issue to General Public
- NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications