Reliance Spinning Mills Going To Issue 1,155,960 Units To General Public Soon
Reliance Spinning Mills is going to issue IPO to the general public soon. The Securities Exchange Board of Nepal (SEBON) has approved the proposal of Reliance Spinning Mills Limited. Reliance Spinning Mills IPO will be issued through the book-building method. After Sarbottam Cement Limited, this will be the 2nd company to issue an IPO under the book-building method in Nepal and the company is planning to issue 1,155,960 unit shares to the general public at a bid price of NPR 820.80 each.
Important Note: A minimum of 50 units is required to apply for an IPO during the book-building process while the maximum quantity is 20,000.
Reliance Spinning Mills Going To Issue 1,155,960 Units To General Public
Global IME Capital has been appointed as the issue manager of the IPO.
Reliance Spinning Mills IPO Details:
- Total Shares: 19,26,600 shares (10.14% of its issued capital of Rs 1.90 Arba)
- 7,70,640 shares already issued and allotted to the Qualified Institutional Investors (QIIs)
- 11,55,960 shares are to be issued later to the general public.