Reliance Spinning Mills Limited has announced that the lock-in period for its shares allocated to mutual funds will end in the month of Ashar. According to company, the lock-in period of 57,798 shares under the mutual fund category are ending on Ashar 18.
The company had completed its IPO allotment on Poush 18, 2082 B.S. Under the current rules, shares allocated to mutual funds from the public IPO must be kept in lock-in for six months from the date of allotment.
Following this rule, the lock-in period of these shares is now coming to an end, which will allow mutual funds to trade them in the market.