Today Is the Final Day to Apply for Reliance Spinning Mills’ IPO for Nepalis Abroad

Today is the last opportunity for Nepali citizens working abroad to apply for the IPO issued by Reliance Spinning Mills Limited. The company opened the offering on Mangsir 22, allocating a portion of its public issuance specifically for migrant workers.

Under this category, the company has offered 115,596 units, equivalent to 10 percent of the IPO reserved for public issuance. While the face value of each share is Rs. 100, applicants must apply at a premium price of Rs. 820.80 per share.

Investors may apply for a minimum of 50 shares and a maximum of 20,000 shares. Global IME Capital Limited is serving as the issue manager for the IPO.

Eligible applicants can submit their applications through ASBA member banks and financial institutions approved by the Securities Board of Nepal, their designated branches, or via the Mero Share online system under the C-ASBA mechanism.