Reliance Spinning Mills IPO allotment with 17 times more demand

लगानी न्यूज

१ पुष २०८२, मंगलवार १६:०१December 16, 2025

. Reliance Spinning Mills Limited (RSIL) has issued the initial public offering (IPO) for Nepali migrant workers today.

The company had issued 1,926,600 units of shares i.e. 10.14% of the issued capital through book building method.TAG_OPEN_div_14 The company was issuing Rs 820.80 per share to the Nepalese working abroad with a discount of 10 percent at the cut-off price of Rs 912 fixed for the eligible institutional investors.

A total of 1,9 TAG_OPEN_div_12 44,330 units of shares were sought from 3,54,102 applicants for the 1,15,596 units of shares allotted to the Nepalese working abroad. This is about 17 times more than the number of shares issued.

According to Global IME Capital Limited, the issue manager for the IPO issuance, only 2,311 out of 35,102 eligible applicants have been allotted their shares through lottery.TAG_OPEN_div_10 A minimum of 50 units of shares have been allotted to these lucky applicants.

The issuing company and the sales manager have expressed gratitude to the Nepali nationals who are in foreign employment for their significant participation in a short period of time to make the issue successful.TAG_OPEN_div_8