Public Issue of 8.5 Crore Units "Himalayan 80-20" Mutual Fund Scheme Closing Today
Fri, Sep 1, 2023 9:59 AM on Latest, Mutual Fund,
Himalayan Capital Limited is closing the issue of its mutual fund scheme "Himalayan 80-20" to the general public today i.e. on Bhadra 15, 2080. The issue opened on the 32nd Shrawan and was supposed on the 4th of Bhadra, 2080. However, since the issue manager didn't receive enough applications, the issue was extended till today.
Out of 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores have been allocated to the fund sponsor Himalayan Bank Limited whereas the remaining 8.50 crore units were issued to the general public from 32nd Shrawan.
According to CDSC, a total of 44,762 applicants have applied for 80,813,100 units worth Rs. 80.81 Crore so far. This data is as of 10 a.m. this morning.
"Himalayan 80-20" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years.
Applicants can apply for a minimum of 100 units to a maximum of 10,000,000 units. This is the first mutual fund of Himalayan Capital.
