Kathmandu. RBB Merchant Banking Limited (RBB) has opened its IPO for the IPO on September 1, 2018. RBB Merchant Banking Limited (RBB) has issued 100 million units at a face value of Rs 10 per unit.
RBB Focus 40, a mutual fund under RBB Mutual Fund, has reserved a minimum of 14 million units or a minimum of 14 percent of the total number of units sold to the fund promoter Rastriya Banijya Bank and a minimum of 1 million units or a minimum of 1 percent of the total number of units sold to the scheme manager RBB Merchant Bank. The general public can apply for the remaining 8.5 crore units.
ICRA Nepal has assigned ‘ICRA NP AMC quality 3’ rating to the fund promoter and ‘CARE NP A PLUS ISSUER’ rating to the fund manager.
Applications can be applied for a minimum of 100 to 10 million units. The investors can apply for the 12-year term from all the banks and financial institutions and their branches after getting permission from the Securities Board of Nepal (SEBON).
Similarly, the application can also be made through the CSBA system using the software Mero Share developed by CDS and Clearing Limited.
