All IPO investors who invested in the NIC Asia Flexi Cap Fund should consider themselves lucky today. A closed-end mutual fund arrangement, that is. On the 19th Jestha, NIC Asia Capital launched the NIC Asia Flexi cap fund and issued the IPO share allocation with a term of 7 years, valued at 1 Arba. Due to Full Subscription, this Scheme was scheduled to expire on the 24th Jestha 2079. This fund issues 1 Arba, or 10 crore units, at a price of Rs 10 per unit. 15% of all offerings, or 1.50 crore units, or 15 crores worth, are given to the fund manager and sponsor, NIC Asia Capital Limited and NIC Asia Bank Limited. The general public receives the other 8.50 crores.
NIC Asia Flexi cap fund IPO Result 2079 Date www.iporesult.cdsc.com.np
Only 8.5% of the Fund’s total units, or 8,50,00,000, are available for application by the general public. Each person may submit an application for a minimum of 100 units and a maximum of 1,000,000. The public will get this money distribution on Baisakh 29, 2079 B.S., according to SEBON (Securities Board of Nepal). The deadline for this scheme was set for the 24th Jesta in 2079, however it was extended to the 2nd Ashad because there weren’t enough subscribed applications. As a result of the increased number of applicants for the purchase fund units, this programme was discontinued on June 25, 2079.
About Nic Asia Flexi Capital Fund Limited
NIC Asia first launched this fund with 10 crore units, however when more applications came in, the fund’s growth reached 102%, totaling 10.2 crore units. Most of the money raised will be invested in businesses that are listed on secondary securities markets. Additionally, unit holders who invested in the fund will receive more than 136 percent of returns.
NIC Asia Flexi Cap Fund IPO (NICFCF) Analysis
According to the fund, the fund manager will deliver more than 136% return within 7 years of the scheme’s operation, as promised to the media.
The applications and fund units are listed below.
Fund Units Candidates
Applications from all applicants 8, 65, 48, 270, and 95, 997
Applications that have been discarded (faults) 9,950 69
95,929 valid candidates in total
Thus, a total of 95,929 are allocated to the general public on December 31, 2079, and are deemed to be valid fund issuers. The majority of the money raised will be invested in businesses that are listed on the secondary securities market.
NIC Asia Flexi Cap Fund IPO Share Allotment List 2022 Overview
|Name of the Organization||Flexi Cap Find NIC Asia|
|Name Of the IPO||NIC Asia Flexi Cap Fund 2022-2079|
|IPO Issue Manager||NIC Asia Bank Limited|
|Date of Close IPO||24h Jestha 2079 but extended Asadh 2079|
|Category||Nic Asia Flexi Cap Fund IPO Result 2022|
|Face Value||Rs.10 to Rs.100|
|Total IPO Shares||15 Crore|
Links to Check the 2079-2022 NIC Asia Flexi Cap Fund IPO Results Directly
Results of the NIC Asia Flexi Cap Fund IPO in 2022 can be found here.