NIMB Bank Promoted "NIBL Stable Fund" to Issue 8.5 crore units Mutual Fund Scheme to General Public from 2nd Magh
Thu, Jan 4, 2024 10:48 AM on IPO/FPO News, Mutual Fund, Latest,
NIMB Ace Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "NIBL Stable Fund". The issue will open on 2nd Magh and close on 5th Magh, 2080. If not subscribed fully by the early closing date, the issue can be extended till 16th Magh.
Out of 10 crore unit shares, 1% i.e. 10 lakh units worth Rs. 1 crore have been allocated to the scheme manager NIMB Ace Capital Limited, 14% i.e. 1.4 crore units worth Rs. 14 crore have been allocated to the fund promoter Nepal Investment Mega Bank Limited. The remaining 8.5 crore units worth Rs 85 crore will be issued to the general public from 2nd Magh.
"NIBL Stable Fund" is a closed-end fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
As of now, NIBL Ace Capital is managing four closed-end funds i.e NIBL Pragati Fund (NIBLPF), NIBL Samriddhi Fund-2 (NIBSF2), NIBL Growth Fund (NIBLGF), and Mega Mutual Fund-1 (MMF1), and one open-end fund i.e NIBL Sahabhagita Fund (NIBLSF) in the market.
