Kathmandu. Siddhartha Capital Limited is going to issue a unit of Siddhartha Equity Fund 2 from May 4. The company is issuing 100 million units at a face value of Rs 10 per unit. The scheme operated under the Siddhartha Mutual Fund is a 12-year closed-oriented scheme.
Out of the total 100 million units, a minimum of 1.5 crore units will be reserved for Siddhartha Bank Limited and the remaining 8.5 crore units worth Rs 85 crore will be issued to the general public. A minimum of 100 to 1 crore units can be applied for the scheme.
Applications can be submitted till May 9. If all the units are not sold by that time, the application will be open till May 17.
Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance. ICRA Rating Nepal has assigned ICRANP Issue Rating Triple B Plus to the fund promoter and ICRANP AMC Quality 3 Plus to the scheme manager.
The interested bidders can apply for the shares from all ASBA member banks and financial institutions and their designated branches. In addition to this, the applicants can also apply through C-ASBA system using ‘Mero Share’ software developed by CDS and Clearing Limited.
