Last Day to Apply for IPO of Reliance Spinning Mills Limited; Issue Oversubscribed By 24.13 Times So Far
Summary
Reliance Spinning Mills Limited is closing its IPO issue today after being oversubscribed by 24.13 times. The company offers shares at Rs. 820.80 each, with the IPO managed by Global IME Capital.
Key Points
- Reliance Spinning Mills Limited is closing its IPO book-building issue on 11th Poush 2082 with 9,24,768 units available for the general public.
- The IPO has been oversubscribed by 24.13 times, with 4,23,193 applicants applying for 2,23,23,060 units worth Rs. 18.32 Arba.
- Shares are priced at Rs. 820.80 per unit for common investors, 10% below the cut-off price of Rs. 912 set for institutional investors.
- Reliance Spinning Mills Limited is Nepal’s largest spinning mill with over 4,300 employees and manufacturing units in Sunsari with a capacity of 40,680 MT per year.
