Allotment of 12 Crore Units of Siddhartha Investment Growth Scheme 3 Concludes; Only 67.15% Units Subscribed
Tue, May 2, 2023 1:04 PM on Latest, Mutual Fund, Share Allotment,
Siddhartha Capital Limited issued its closed-end mutual fund scheme "Siddhartha Investment Growth Scheme 3" on 26th Chaitra, 2079, and the issue was concluded on 10th Baisakh, 2080.
12 crore unit shares were being issued at a par value of Rs. 10 per unit. 10% i.e. 1.2 crore units worth Rs. 12 crores were allocated to the fund promoter Siddhartha Bank Limited whereas 5% i.e. 60 lakh units were allocated to the fund manager Siddhartha Capital. Therefore, the remaining 10.20 crore units were issued to the general public.
"Siddhartha Investment Growth Scheme-3" is a close-end fund and has a maturity period of 10 years. This is the sixth mutual fund scheme of Siddhartha Capital.
As per the notice published by Siddhartha Capital, the company hereby informs that 80,580,000 units have been allotted to the valid applicants on Sunday (Baisakh 17). Now, the size of the scheme ‘Siddhartha Investment Growth Scheme 3’ will be Rs. 80.58 Crores.
All the details related to the allocation can be viewed from the website of the Securities Issuance and Sales Manager www.siddharthacapital.com and https://iporesult.cdsc.com.np/ operated by CDS and Clearing Limited.
