Kathmandu, December 7 — Reliance Spinning Mills Limited will open its Initial Public Offering (IPO) and sales from 22 Mangsir 2082 B.S. The IPO is specifically aimed at Nepali citizens working abroad, following labor approval from the relevant Nepal Government authority.
Reliance Spinning Mills IPO Latest Update: Investors Need Rs. 41,040 to Apply
The company plans to issue 1,15,596 shares, representing 10% of the public shares reserved for foreign workers. The face value per share is Rs. 100, while the issue price per share is Rs. 820.80, reflecting a 10% discount from the institutional cut-off price of Rs. 912 determined during the book-building allotment.
Eligible investors can apply for a minimum of 50 shares and a maximum of 20,000 shares. The IPO will initially close on 25 Mangsir 2082 B.S. If full subscription is not received, the period may be extended until 7 Poush 2082 B.S.
The IPO and sale are managed by Global IME Capital Limited. Applications can be submitted through all ASBA-approved banks and financial institutions, their designated branches, and online via the Mero Share platform using the C-ASBA system.
IPO Rating
CARE Ratings Nepal has assigned the company a CARE NP Single A Minus Issuer Rating, indicating adequate capacity to meet its financial obligations safely and on time.
Company Overview
- Industry: Textile / Thread Production
- Employment: Largest employer among thread producers in Nepal
- Exports: 70–75% of production exported to India, Turkey, Vietnam, UK, and other countries
- Head Office: Ward No. 12, Khinar, Itahari Municipality, Sunsari
- Branch Industry: Ward No. 4, Duhabi, Itahari Municipality, Sunsari
- Chairman: Pawan Kumar Golyani
- Managing Director: Akshay Golyani
Investment Period
- Standard investment return period: 6.75 years
- Discounted investment return period: 10.61 years
Reliance Spinning Mills IPO Summary
| Topic | Details |
|---|---|
| IPO Opening Date | 22 Mangsir 2082 B.S. |
| Shares for Foreign Workers | 1,15,596 (10% of public shares) |
| Face Value per Share | Rs. 100 |
| Issue Price per Share | Rs. 820.80 |
| Minimum Application | 50 shares |
| Maximum Application | 20,000 shares |
| Initial Closing Date | 25 Mangsir 2082 B.S. |
| Extended Closing Date | 7 Poush 2082 B.S. |
| IPO Manager | Global IME Capital Limited |
| Rating | CARE NP Single A Minus |