Reliance spinning mills ipo closes today. This is the last chance for ordinary investors to apply for shares of the company.
The company opened its public issue on poush 7 and has been receiving applications since then. Out of the total 1,155,860 shares offered, many portions were already set aside. Five percent of the shares were reserved for mutual funds. Ten percent were issued to Nepali citizens working abroad with labour approval. Another five percent were kept for company staff. After all these allocations, only 924,768 shares were left for the general public.
Investors can apply through banks and financial institutions that are approved by the securities board of nepal. Applications can also be sent online through mero share. The minimum number of shares one can apply for is 50, while the maximum limit is 20,000 shares.
Global IME Capital Limited is managing this ipo. The company had already completed the first phase earlier by issuing shares to people from industry affected areas and nepalis working overseas.
If you are planning to be part of reliance spinning mills, today is your final opportunity. After today, the window will be closed and you will have to wait for its trading debut on NEPSE.
