I don’t know why Nepal has this weird rule. Mutual funds are institutional players not some marginalized group.
Giving them quota only ruined the market rather than actually doing any good. If lock-in period on MF’s IPO was not introduced, HRL would have been trading at 250-300 range.. may be below IPO price.
Also, IPO selling time is just before this lock-in period. Remember, these MFs gonna dump their quota stock on day 1 of lock-in release like a cow in laxative.
View Reddit by captainright1 – View Source
Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.