Machhapuchchhre Capital Limited is set to open the public issue of units under the Machhapuchchhre SIP Scheme from Mangsir 14. The scheme, which falls under the MBL Mutual Fund, will issue 2 crore units at a par value of Rs. 10 per unit, amounting to a total issue size of Rs. 20 crore.
According to the scheme manager, this is an open-ended mutual fund, and the total scheme size will eventually reach 5 crore units.
Allocation Structure
Out of the total 5 crore units:
| Category | Units Reserved | Percentage |
|---|---|---|
| Machhapuchchhre Bank (Fund Sponsor) | 70,00,000 | 14% |
| Machhapuchchhre Capital (Fund Manager) | 5,00,000 | 1% |
| Units for Public (Remaining) | 4,25,00,000 | 85% |
Among the public portion, 1 crore 25 lakh units are being issued in the first phase through this public offering.
Application Timeline
Opening Date: Mangsir 14
Closing Date (Early): Mangsir 17
Extended Deadline (If Undersubscribed): Mangsir 28
Ratings
Machhapuchchhre Bank (Fund Sponsor): CARENP BBB+ (Issuer Rating) by CARE Ratings Nepal
Machhapuchchhre Capital (Fund Manager): IRN AMC Quality 3 rating by ICRA Nepal
Where to Apply
Applications can be submitted through:
All ASBA-member banks and financial institutions
Their designated branches
Mero Share online portal
Machhapuchchhre Capital will also act as the issue and sales manager for this SIP scheme.