Kathmandu. Machhapuchchhre Capital Limited is going to issue units of Machhapuchchhre SIP from November 28. The company is issuing 20 million units at a face value of Rs 10 per unit.
The total size of the scheme is 5 crore units. Out of the offered offerings, 14% i.e. 500,000 units have been set aside for the fund promoter Machhapuchchhre Bank and 1% i.e. 500,000 units have been set aside for the scheme manager Machhapuchchhre Capital. The general public can apply for 1.25 crore units of shares.
The deadline to apply for the scheme is December 1. If all the units are not sold by that time, the application will be open till December 28.
Credit rating agency CARE Rating Nepal has assigned ‘CareNP Triple B Plus Issuer Rating’ to the fund promoter and IRN AMC Quality 3 rating to the scheme manager.
Machhapuchchhre Capital Limited has been appointed as the issue manager for the IPO issuance. Under the scheme, the investors can apply for the ASBA service from the banks and financial institutions and their designated branch offices with the approval of the Securities Board of Nepal (SEBON).
In addition to this, the applicants can also apply through C-ASBA system using ‘Mero Share’ software developed by CDS and Clearing Limited.
