Reliance Spinning Mills IPO: Another Book IPO In Nepal
Reliance Spinning Mills Pvt. Ltd is planning to issue IPO to the general public via the book building method. Reliance Spinning Mills has proposed to issue an IPO for 14,60,000 shares. Global IME Capital Limited is the issue manager of Reliance Spinning Mills IPO. Book building is the process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered.
Book building allows a company to issue IPO at a higher price instead of issuing at Rs. 100 per share.
Reliance Spinning Mills Ltd. is a public limited company established in 1994 AD and with 4,300+ employees, It is the largest spinning mills in Nepal. The company has two factories.
The company manufactures Polyester, Viscous, Acrylic yarn of international standard that is then exported worldwide, primarily to India and Turkey.
Reliance Spinning Mills IPO: Another Book IPO In Nepal
There is not any official announcement regarding the IPO issue date. Reliance Spinning Mills Pvt. Ltd. was registered in the company registrar in the year 2051 B.S. It is the biggest spinning mill in Nepal. 40% of the shares will be sold to institutional investors and the remaining 60% will be issued for the general public.
Recently, Sarbottam Cement is going to issue IPO to the general public through the book building method.
