Machhapuchchhre Capital Limited has released an offer letter for the issuance of the “MBL Equity Fund” closed-end mutual fund initiative. The offering will commence from 22nd Falgun and will continue until 26th Falgun, 2081. Should the subscription not reach full capacity by the early closing date, the offering may be extended until Chaitra 7.
Of the total 12 crore unit shares amounting to Rs. 1.20 Arba, 14%, equating to 1.68 crore units worth Rs. 16.80 crores, will be allocated in the first phase by Machhapuchchhre Capital. Out of these, 15%, or 1.80 crore units valued at Rs. 18 crore, have been assigned to the fund sponsor, Machhapuchchhre Bank Limited. In contrast, 1%, which is 12 lakh units valued at Rs. 1.20 crore, has been designated for the scheme manager. The balance of 10.20 crore units, valued at Rs. 1.02 billion, will be made available to the general public and institutions starting from 22nd Falgun.
The “MBL Equity Fund” represents a closed-ended fund structure. Applicants can request a minimum of 100 units and a maximum of 1,20,000 units.
