Kathmandu. Reliance Spinning Mills has received 32.98 times more applications for the initial public offering (IPO) than the demand.
The company was issuing 9,24,768 units of shares. A total of 5,83,896 applicants have applied for 3,05,48,000 units of shares. The IPO has received applications for Rs 25.03 billion.
The company is issuing its shares at a price of Rs 820.80 per share to the general public through book building method.
Global IME Capital has been appointed as its issue manager.
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