Prabhu Capital Limited is concluding the offering of its mutual fund program, “Prabhu Systematic Investment Scheme,” to the public today, 6th Ashadh, 2082. The offering commenced on the 23rd Jestha, 2082, and was originally set to end on the 27th Jestha, 2082. However, due to insufficient applications received by the issue manager, the deadline has been pushed to today.
Out of 4 crore unit shares, 7.5%, equivalent to 30 lakh units valued at Rs. 3 crore, have been designated for the scheme manager, Prabhu Bank Limited, and another 7.5%, also 30,00,000 units valued at Rs. 3 crores, have been assigned to the fund sponsor, Prabhu Capital Limited. The balance of 2,50,00,000 units worth Rs 25 Crore will be made available to the public and institutions.
According to CDSC, a cumulative total of 70,527 applicants have requested 3,62,93,270 units amounting to Rs. 36.29 Crores as of 5 p.m. yesterday.
“Prabhu Systematic Investment Scheme” is an open-end fund. Candidates can apply for a minimum of 100 units up to a maximum of 31,00,000 units.
