Reliance Spinning’s IPO
Around 600,000 investors have applied for the IPO of Reliance Spinning Mills Limited. Reliance Spinning is the second company to issue shares through the book-building process, and by the final day of issuance, 583,896 applicants had submitted their applications.
By the closing day, applications were received for 30,504,800 shares, amounting to approximately NPR 25.03 billion. However, the company had offered only 924,768 shares for subscription. As a result, the IPO was oversubscribed by 32.98 times.
By
