Kathmandu, July 11
Public offering of RBB
Mutual Fund 1 is closed from Sunday.
The Initial Public
Offering (IPO) of the mutual fund promoted by the Rastriya Banijya Bank Limited
was opened on Wednesday, July 7 is closed on Sunday as it was oversubscribed,
said RBB Merchant Banking Limited, the manager of the offering.
The RBBL has offered 100
million units of Rs. 10 shares for the public of which 13 per cent is separated
for the bank itself and 2 per cent for RBB Merchant Banking. Remaining 85
million units were opened for public subscription.
The RBB MBL had urged all
the C-ASBA bank and financial institutions to stop accepting applications for the
subscription of the IPO.
Published in The Rising Nepal daily on 12 July 2021.
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