Reliance Spinning Mills’s IPO allotment, how to check results ? – Bajarko Chirfar English

Reliance Spinning Mills Limited had opened its IPO for general investors from Poush 7 to 11. According to the issue manager, Global IME Capital Limited, the pre-allotment process was completed on Monday, and all preparations for the share allocation have been finalized. The IPO received nearly 33 times more applications than the shares available, highlighting strong public interest. In total, 583,975 applicants applied for 30,50,8750 shares.

Following the IPO allotment, 18,495 applicants will receive shares at the rate of 50.50 shares per applicant, while 36 applicants will receive 51.51 shares each. This allocation reflects the competitive nature of the oversubscribed IPO.

Applicants can check their IPO allotment throughGlobal IME Capital Limited, theCDSC IPO result portal, or their Meroshare account. They will need to enter their DP ID and other relevant details to view the results.

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.