Kathmandu. The deadline for applying for the purchase of units of Siddhartha Equity Fund 2 has been extended. Siddhartha Capital Limited (Siddhartha Capital) has started issuing and selling shares of Equity Fund 2 from May 4.
However, if the applications exceed the demand, the issue and sale will be stopped by publishing a notice beforehand. The company is issuing 100 million units at a face value of Rs 10 per unit. The scheme operated under the Siddhartha Mutual Fund is a 12-year closed-oriented scheme.
Out of the total 100 million units, a minimum of 1.5 crore units has been reserved for the promoter company Siddhartha Bank Limited and the remaining 8.5 crore units worth Rs 85 crore have been issued to the general public. A minimum of 100 to 1 crore units can be applied for the scheme.
ICRA Rating Nepal has assigned ICRANP Issue Rating Triple B Plus to the fund promoter and ICRANP AMC Quality 3 Plus to the scheme manager.
Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.
Interested bidders can apply for the shares from all ASBA member banks and financial institutions and their designated branches. In addition to this, the applicants can also apply through C-ASBA system using ‘Mero Share’ software developed by CDS and Clearing Limited.
