Kathmandu. Reliance Spinning Mills is going to open its initial public offering (IPO) to the general public from December 20.
The company is going to issue the initial public offering (IPO) to the general public in the second phase. The company will issue 57,798 units of ordinary shares to its employees and the remaining 9,24,768 units will be issued to the general public. The general public will have to pay Rs 820.80 per share.
Applications can be place for minimum 50 units and maximum 2000 units. The interested bidders can apply for the shares from the member banks and financial institutions participating in the ASBA service approved by the Securities Board of Nepal (SEBON) and their designated branch offices or from CDSC.
The IPO will be issued on December 26 and the next day after the banking hours. Global IME Capital has been appointed as the issue manager for the IPO issuance.
