RBB Focus 40 Mutual Fund Extends IPO Application Deadline to October 17
RBB Merchant Banking has extended the subscription period for its open-ended mutual fund scheme, RBB Focus 40, until October 17, giving retail investors more time to apply.
RBB Merchant Banking Ltd. has extended the application deadline for its newly launched RBB Focus 40 Mutual Fund until October 17 (Ashoj 1, 2082 B.S.), providing investors additional time to participate.
The scheme, managed under the RBB Mutual Fund, had opened for subscription on Sept 2 (Bhadra 18) with a target issuance of 1 billion rupees (100 million units at NPR 10 each). Of this, 14% has been reserved for the fund promoter Rastriya Banijya Bank, and 1% for the fund manager RBB Merchant Banking, while the remaining 85 million units are available for the public.
Applications can be made for a minimum of 100 units and up to 10 million units. The scheme has a maturity period of 12 years and will primarily invest in up to 40 high-potential companies listed on NEPSE, though it retains flexibility to invest beyond 40 depending on market conditions.
RBB Focus 40 has received a CARE NP A+ Issuer Rating for its promoter and an ICRA NP AMC Quality 3 rating for its fund manager, reflecting moderate credit and management quality.
Investors can apply through all ASBA-participating banks and financial institutions, their branches, or online via the Mero Share platform.