Reliance Spinning Mills Limited Issuing IPO Shares to Nepalese Employed Abroad from Mangsir 22
Summary
Reliance Spinning Mills Limited is issuing IPO shares to Nepalese citizens working abroad from Mangsir 22, offering a portion of its shares at Rs 820.80 each.
Key Points
- Reliance Spinning Mills Limited is issuing IPO shares to Nepalese working abroad starting from 22nd Mangsir 2082.
- The IPO follows a prior issuance of shares to Qualified Institutional Investors via book-building in Magh 2080.
- The company is offering 10% of its public shares specifically to Nepalese citizens employed abroad.
- Shares are priced at Rs 820.80 per share for common investors, 10% lower than the cutoff price set during book-building.
- Reliance Spinning Mills is the second company in Nepal to issue an IPO by the book-building method.
