NIBL Samriddhi Fund II gets approval from SEBON for the IPO/NFO issuance worth Rs. 1.2 Arba. NIBL Samriddhi Fund II is a closed-end mutual fund scheme with a maturity period of 10 years. NIBL Ace Capital is opening its 12,00,00,000 units IPO shares from Baishak 13, 2078 to Baishak 16, 2078. Out of the total 12 crore units, 10 lakh units have been reserved for the issue manager NIBL Ace Capital. Similarly, 2.3 crore units have been reserved for the fund promoter Nepal Investment Bank. The remaining 9.6 crore units will be issued for the public. Investors can apply for a minimum of 100 units and a maximum of 1.20 crores. If not subscribed by Baishak 16, the issue can be extended till 27th Baishak.