Allotment of NIBL Growth Fund Concludes; 42,060 Valid Applicants Allotted the Units of the Scheme

NIBL Ace Capital Limited issued its closed-end mutual fund scheme "NIBL Growth Fund (NGF)" on 7 Poush, 2079, and the issue was concluded on 21st Poush, 2079.

16 crore unit shares were being issued at a par value of Rs. 10 per unit. 19% of the total units i.e. 3.04 crore units worth Rs. 30.4 crores have been allocated to the fund promoter Nepal Investment Bank Limited whereas 1% of the total units i.e. 16 lakh units have been allocated to the fund manager NIBL Ace Capital Limited. Thus, the remaining 12.80 crore units are for the public issue.

The scheme manager informed that the units of "NIBL Growth Fund" issued for a period of 10 years can be listed in the Nepal Stock Exchange and traded in the secondary market until that period.

As per the notice published by NIBL Ace capital, the company hereby informs that 9,93,67,900 issued units from 42,060 valid applicants have been allotted the units on Tuesday (Magh 3). Also, the size of the scheme ‘NIBL Growth Fund (NGF)’ will be Rs. 1.32 Arba.

All the details related to the allocation can be viewed from the website of the Securities Issuance and Sales Manager www.niblcapital.com and www.meroshare.cdsc.com.np operated by CDS and Clearing Limited.