Today is the final chance for Nepalis working overseas to submit their applications for the Reliance Spinning Mills IPO.
The company opened the issue for migrant workers on Mangsir 22. Now, as the deadline closes today, many applicants are rushing to secure their share. Out of the total 1,155,960 shares being offered to the public, 10 percent (115,596 shares) has been set aside specifically for Nepalis currently employed abroad. Migrant workers can apply for a minimum of 50 shares and a maximum of 20,000 shares. If not fully subscribed early, the IPO deadline could extend until Poush 7.
Investors can apply through any ASBA-approved bank or financial institution, their designated branches, or through the Mero Share online portal. Global IME Capital is handling the IPO issuance and sales management.
