Reliance Spinning Mills Limited is set to open its Initial Public Offering (IPO) for general investors from Poush 7, 2082. The company has received approval to issue 19,26,600 shares, equivalent to 10.14 percent of its issued capital of Rs. 1.90 arba. The total IPO size stands at Rs. 19.26 crore. Reliance Spinning Mills is issuing … Read more
Reliance Spinning Mills has received more than 17 times the applications allocated for Nepalis working abroad. According to the issue manager, the pre-allotment is expected to conclude by mid-next week, and the IPO result may be published by the end of next week or the beginning of the following week. The company had opened the … Read more
December 8, Reliance Spinning Mills Limited has opened its IPO for Nepalese citizens working abroad starting today, Mangsir 22, 2082. The issue will remain open until Mangsir 25, and if not fully subscribed, it may extend until Poush 7. This IPO is part of the company’s plan to sell 10.14% of its total capital worth … Read more
Kathmandu, December 5 — The long-delayed Initial Public Offering (IPO) of Reliance Spinning Mills Limited is set to move forward, and investors interested in applying will need to deposit Rs. 41,040 per minimum application. The Nepal Securities Board (SEBON) recently instructed the issue and sales manager, Global IME Capital, to proceed with the IPO process. … Read more