Kathmandu. KATHMANDU: Reliable Capital Investment & Merchant Limited is going to issue units of mutual investment fund Reliable Samriddhi Yojana 2 from May 12. The company is issuing 100 million units at a face value of Rs 10 per unit.
The scheme, which is operated under the Reliable Mutual Fund, is a 10-year closed-ended scheme. Out of the total offered units, 15% of the total offered units i.e. 15 million units will be allotted to the general public and 14 percent i.e. 10 million units will be issued to the general public. A minimum of 100 to 1 crore units can be applied for the fund.
Credit rating agency CARE Rating Nepal has assigned Care NP Single A Minus Issuer rating to the fund promoter and Care NP AMC Quality 4 Plus rating to the scheme manager.
Applications can be submitted to the units of the fund till May 1. If all the units are not sold by that time, the application can be submitted till May 26. Reliable Investment and Merchant Capital Limited has been appointed as the issue manager for the IPO issuance.
Interested bidders can apply for the units from all ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) 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.
