RSML Draws Stronger Investor Interest Despite Minor Fall on Monday
Summary
Reliance Spinning Mills Limited (RSML) saw a slight share price decline despite a surge in the Nepal Stock Exchange index, after an initial positive run post-IPO amid strong investor demand.
Key Points
- Reliance Spinning Mills Limited (RSML) shares fell 1.49% to Rs 675.30 despite a 6% rise in the NEPSE index.
- RSML shares started trading on February 16, hitting nine consecutive positive circuits before the minor decline.
- The IPO price was fixed at Rs 820.80 for the general public, with shares currently trading below this level.
- The IPO was oversubscribed over 30 times with strong demand from Nepali migrant workers and the general public.
