Reliance Spinning Mills to Issue IPO to General Public from Poush 7
December 14, 2025 | Investopaper
After the first phase, Reliance Spinning Mills Limited is going to issue the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public will open from Poush 7, 2082 BS.
The company is selling 9,24,768 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 50 shares and a maximum of 20,000 shares.
The public offering will close on Poush 11, 2082 BS.
The company has alloted 57,798 shares to the mutual fund schemes and has reserved 57,798 shares to the employees of the company.
In total (including the first and second phase), the company is planning to issue 11,55,960 shares at a price of Rs. 820.80. Hence, the total public issue amounts to Rs. 94.88 crores
First Phase: IPO To Foreign Employed Nepalis
In the first phase of the IPO, the company had sold 1,15,596 shares (10 percent of the general public quota) to the foreign employed Nepalis from Mangsir 22, 2082 BS. Due to over-subscription, the first phase of the IPO was closed on Mangsir 25, 2082 BS.
The price for each shares is Rs. 820.80. One could apply for a minimum of 50 units and a maximum of 20,000 units.
Earlier, Securities Board of Nepal (SEBON) had put a temporary hold on Reliance Spinning Mills’ public share issuance via the book-building process. This action was taken after the Public Accounts Committee requested details on the company’s share issuance. Consequently, SEBON opted to suspend the share issuance for the time being.
For this purpose, Securities Board of Nepal (SEBON) has granted permission to the company. The company had submitted the application to the board on Magh 23, 2080 BS. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
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The company has appointed Global IME Capital as an issue and sales manager for the IPO.
Earlier, Reliance Spinning Mills had auctioned 770,640 lakh shares to the qualified institutional investors from Magh 10, 2080 BS to Magh 14,2080 BS.
About Reliance Spinning Mills Limited
Reliance Spinning Mills is the largest spinning mill of Nepal. Established in 1994 (2051 BS), the company has two factories. It is promoted by Golyan Group in joint venture with Maliram Shivkumar (MS) Group.
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