Kathmandu. Reliance Spinning Mills Limited (RSPINING) is issuing an initial public offering (IPO) to the general public from today.

The company is issuing shares at Rs 820.80 per share.

According to Section (13) (1) of the Book Building Guidelines, 2077, the cut-off price was fixed at Rs 912 while allotting 7,70,640 units of shares to the eligible institutional investors through bidding system. The price of the share was fixed at Rs 820.80 with a discount of 10 percent.

Applications can be place for minimum 50 units and maximum 20,000 units. The last date to apply for the IPO is December 11. If the application is not received within the stipulated period, the application can be submitted till January 21.

Global IME Capital has been appointed as its issue manager.

The interested investors can apply for the shares from the Securities Board of Nepal (SEBON) through the banks and financial institutions that are members of the Securities Board of Nepal (SEBON).