Reliance Spinning Mills Limited Issuing IPO Shares to Nepalese Employed Abroad From Today
Summary
Reliance Spinning Mills Limited begins issuing IPO shares to Nepalese employed abroad starting 22nd Mangsir 2082, offering 10% of its public shares to this group at NPR 820.80 per share.
Key Points
- Reliance Spinning Mills Limited is issuing IPO shares to Nepalese citizens working abroad from 22nd to 25th Mangsir 2082, possibly extended to Poush 07.
- The company is offering 10% of the public issue, totaling 1,15,596 shares, to Nepalese abroad at a price of Rs 820.80 per share.
- Reliance Spinning Mills has a total issued capital of Rs 1.90 Arba with 19,26,600 shares in this IPO, 40% already allotted to Qualified Institutional Investors.
- The company manufactures polyester, viscous, and acrylic yarn with two units in Sunsari, Nepal, and exports primarily to India and Turkey.
