IPO for General Public: Reliance Spinning Mills Limited Issue 9,24,768 Units IPO Shares from Today
Summary
Reliance Spinning Mills Limited has opened its IPO for the general public with 9,24,768 shares priced at Rs. 820.80 each, following the book-building method. The company, Nepal's largest spinning mill, operates two plants in Sunsari and exports internationally.
Key Points
- Reliance Spinning Mills Limited has launched its IPO for the general public starting 7th Poush, 2082, offering 9,24,768 shares.
- The share price for common investors is set at Rs. 820.80, which is 10% lower than the cutoff price of Rs. 912 from the book-building process.
- Reliance Spinning Mills is Nepal's biggest spinning company with over 4,300 employees and two manufacturing units in Sunsari district.
- CARE Ratings Nepal Limited maintains Reliance's credit ratings under watch but with no change in ratings, indicating low credit risk.
