Investors who applied for the Initial Public Offering (IPO) of Reliance Spinning Mills Limited can now check their allotment status through multiple official platforms.
The IPO, which was issued under the quota reserved for Nepalese citizens working abroad, attracted strong demand. Out of 38,655 applicants, only 2,311 investors received shares, while 36,344 applicants were unsuccessful due to oversubscription. The allotment was conducted through a lottery system.
Reliance Spinning Mills’ IPO is Nepal’s second public issue under the book-building method, after Sarbottam Cement. The issue was managed by Global IME Capital Limited.
How to Check Reliance Spinning Mills IPO Result
Investors can check their IPO result using any of the following methods:
1. IPO Result Website (CDSC)
Enter your BOID number
Click on View Result
2. Through Meroshare
Log in to https://meroshare.cdsc.com.np
Go to My ASBA
Click on Application Report
Select Reliance Spinning Mills Limited
3. Issue Manager’s Website
Visit the official website of Global IME Capital
Go to the IPO Result section
Search for Reliance Spinning Mills Limited
IPO Overview
Reliance Spinning Mills is offering 10.14% of its total paid-up capital to the public. Previously, 40% of the shares were allocated to Qualified Institutional Investors (QIIs) through the book-building process. The remaining 60% (1,155,960 shares) has been reserved for public issuance.
From this public portion:
10% (115,596 shares) were allocated to Nepalese working abroad
The remaining 1,040,364 shares will be offered to the general public in the next phase
The IPO price was fixed at Rs 820.80 per share, which is 10% lower than the QII cut-off price of Rs 912. Applicants could apply for a minimum of 50 shares and a maximum of 20,000 shares.
Reliance Spinning Mills is Nepal’s largest spinning mill, with over 4,300 employees, operating plants in Khanar and Duhabi, Sunsari, and exporting yarn mainly to India and Turkey.