Prabhu Capital Limited is closing its public offering of the “Prabhu Systematic Investment Scheme” mutual fund today, Friday, June 20, 2025 (6th Ashadh, 2082). This mutual fund issue was originally scheduled to close on 27th Jestha, 2082, after opening on 23rd Jestha. However, the company did not receive enough applications in the beginning, so the closing date was extended until today.
The mutual fund consists of 4 crore units in total. Out of these, 7.5% (30 lakh units worth Rs. 3 crore) have been set aside for the scheme manager, Prabhu Bank Limited. Another 7.5% (30 lakh units worth Rs. 3 crore) have been reserved for the fund sponsor, Prabhu Capital Limited. The remaining 2.5 crore units, worth Rs. 25 crore, were made available to the public and institutional investors.
As per data from CDSC (Central Depository System and Clearing Ltd), by 5 p.m. yesterday, a total of 70,527 people had applied for about 3.63 crore units, which equals Rs. 36.29 crore in value. This means the offering has been oversubscribed, with more demand than available units.
The “Prabhu Systematic Investment Scheme” is an open-ended mutual fund, which means investors can continue to buy and sell units even after the initial offering closes. Investors were allowed to apply for a minimum of 100 units and a maximum of 31 lakh units.
