Garima Samriddhi Yojana, a mutual fund scheme managed by Garima Capital Limited, closes for public subscription today, Poush 11, 2081. The issue initially opened on Poush 7, 2081, with a price of Rs. 10 per unit.
Key Details:
1. Allocation Overview:
Out of the total units ( 10 crore shares) issued by Garima Samriddhi Yojana are distributed in the following way:
- Scheme Manager Allocation: 1% (10 lakh units worth Rs. 1 crore).
- Fund Sponsor Allocation: 14% (1.4 crore units worth Rs. 14 crores).
- Public Issue: 8.5 crore units worth Rs. 85 crore.
2. Subscription Update:
- As of 5:00 PM yesterday, 94,092 applicants subscribed to 11.14 crore units, worth Rs. 1.11 Arba. Which shows that the issue has been oversubscribed.
3. Application Limits:
- Minimum Application: 100 units.
- Maximum Application: 1 crore units.
Fund Characteristics:
Garima Samriddhi Yojana is a closed-end mutual fund, offering investors an opportunity to invest in a professionally managed scheme for potential returns over its tenure.
Notice of Garima Samriddhi Yojana Closes its Subscription for 8.5 Crore Shares Today
