Reliance Spinning Mills Limited IPO Collects Rs. 15.30 Arba Till Fourth Day; Issue Over Subscribed By 20.16 Times
Summary
Reliance Spinning Mills Limited's IPO collected Rs. 15.30 Arba with an oversubscription rate of 20.16 times by the fourth day, offering shares at Rs. 820.80 to the general public under the book-building method.
Key Points
- Reliance Spinning Mills Limited issued 9,24,768 IPO shares to the general public starting from 7th Poush, 2082 with a share price of Rs. 820.80 per share.
- The IPO was oversubscribed by 20.16 times with 3,52,067 applicants applying for 1,86,45,460 units worth Rs. 15.30 Arba.
- Reliance Spinning Mills is Nepal's largest in its sector with over 4,300 employees and manufactures polyester, viscous, and acrylic yarn exported mainly to India and Turkey.
- The company has two manufacturing units in Sunsari district and a total installed capacity of 40,680 MT per year as of mid-2021.
