Today is the Last day to apply for the “Kumari Sunaulo Lagani Yojana” Public Offering
The deadline for IPO applications for the “Kumari Sunaulo Lagani Yojana” is today.
From the 9th Chaitra until its closure on the thirteenth Chaitra of 2079. Kumari Capital Limited had been selling 10 crore units of their “Kumari Sunaulo Lagani Yojana” to the general public for Rs. 1 Arba each.
Unfortunately, the problem was postponed until today, Chaitra 23, because the issue manager didn’t get enough applicants. As a result, the issue will resolved today at the conclusion of the banking day.
5 crore units, with a nominal value of Rs. 10, are being distributed in the first phase out of a total of 10 crore unit shares.
The fund’s promoter, Kumari Bank Ltd, would receive 15% of the total units, or 1.50 crore units worth Rs. 15 crores, while the remaining 3.5 crore units will be distributed to the general public.
“Kumari Sunaulo Yojana” is an open-end fund, which means it has no set maturity date and cannot be traded on NEPSE. A minimum of 100 units and a maximum of 50,000 units may request by applicants.
As of 10 AM this morning, 39,551 applicants have submitted applications for 25,644,860 units valued Rs. 25.64 Crores, according to CDSC.
Two closed-end funds, Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY), are now being manage by Kumari Capital.