Allotment process of 10 Crore units of Citizens Mutual Fund-II concludes; all valid applicants fully allotted
Mon, Jul 8, 2019 12:55 PM on Latest, Mutual Fund, Share Allotment,
CBIL Capital Limited has allotted the IPO issue of 10 Crore units of Citizens Mutual Fund- II (CMF2) to the general public.
As per the notice published, 15% of the total issue i.e. 1.50 Crore units were reserved for the fund sponsor Citizens Bank International Limited (CZBIL). The remaining 8.50 Crore units were duly allotted to valid applicants from general public category on 22nd Asadh, 2076.
As per CBIL Capital, the issue received 16,426 applications with total collection of Rs. 55 Crore 99 Lakhs 55 Thousand and 300 till the closing date.
