Reliance Spinning Mills Limited has announced that it will open the sale of its initial public offering (IPO) for the general public from Poush 7. The company is issuing ordinary shares to the public in the second phase after completing the IPO allocation for Nepalis working abroad. Out of the total shares to be issued, 57,798 shares have been reserved for company employees, while the remaining 9 lakh 24 thousand 768 shares will be offered to the general public.
The IPO will be issued through the book-building method at a price of रु 820.80 per share, with investors allowed to apply for a minimum of 50 shares and a maximum of 20,000 shares. Applications can be submitted through ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branches, as well as through CDSC’s ‘Mero Share’ system. The IPO will close no earlier than Poush 11 and no later than Poush 21, after banking hours. Global IME Capital Limited has been appointed as the issue manager for the offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
