Kathmandu. Siddhartha Capital Limited has issued Siddhartha Equity Fund-2, a mutual investment fund.

The company is issuing 100 million units at the rate of Rs 10 per unit.

Siddhartha Mutual Fund has allotted 1.5 crore units to fund promoter company Siddhartha Bank under the 12-year closed-ended scheme. The remaining 8.5 crore units of Rs 85 crore have been issued to the general public. Applications can be placed for a minimum of 100 to 1 crore units.

Applications can be submitted for the unit till May 9. If the application is not received as per the demand within the stipulated period, the application can be submitted till May 17. Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.

The applicants can apply for the units through the banks and financial institutions that are members of the Securities Board of Nepal (SEBON).