Yesterday was the last day to apply for the IPO of “Sanima Large Cap Fund”. The IPO has successfully concluded now.
“Sanima Large Cap Fund” had opened for application form Magh 09. It is a mutual fund promoted by Sanima Bank and managed by Sanima Capital. 10 crore units worth Rs. 1 Arba were issued.
15% of the total issue was reserved for fund sponsored Sanima Bank and issue manager Sanima Capital. The remaining units were issued for eligible investors (individuals and institutions). “Sanima Large Cap Fund” is a close-ended fund, meaning it can be traded in NEPSE. Furthermore, the fund will mature 7 years after allotment.
According to the issue manager, the IPO has received 75,884 applications for a total of 10,66,69,450 units. This is the final data reported after the issue closed yesterday at the end of banking hours. Considering this data, the IPO was oversubscribed a little over 1.25 times.