in

Reliance Spinning Mills IPO Price, Opening Price, Eps, Release Date, Net-Worth

Reliance Spinning Mills IPO Price, Opening Price, Eps, Release Date, Net-Worth
Reliance Spinning Mills IPO Price, Opening Price, Eps, Release Date, Net-Worth

Discover key details about Reliance Spinning Mills IPO, including price, opening price, EPS, release date, and net-worth. Stay informed and make informed investment decisions in the textile sector. Learn more now!

Reliance Spinning Mills Pvt. Ltd., Nepal’s largest spinning mill, plans to make a substantial impact in the financial sector by making an Initial Public Offering (IPO) using the book-building process. Global IME Capital has been recruited as the issue manager, and the procedure will follow in the footsteps of Sarbottam Cement Limited, the second firm in Nepal to issue an IPO using this strategy.

Company Overview:

  • Established in 2051 B.S.
  • Boasts over 4,300 employees.
  • Manufactures Polyester, Viscous, and Acrylic yarn of international standards.
  • Exports products worldwide, primarily to India and Turkey.
  • Two manufacturing units located at Khanar, Sunsari, and Duhabi, Sunsari.
  • Total installed manufacturing capacity of 40,680 MT per year as of mid-July 2021.

IPO Details:

  • Plans to issue 7,70,640 unit shares to Qualified Institution Investors (QIIs) in the initial phase.
  • Exclusive offer to QIIs from the 10th Magh to the 14th Magh, 2080.
  • Total issued capital of Rs. 1.90 Arba, with 10.14% (19,26,600 unit shares) to be issued to the public.
  • 40% of the total issue, i.e., 7,70,640 shares, to be issued to Qualified Institutional Investors from the 10th Magh.
  • Preliminary bid indicates a minimum price of Rs 608 per share, with a base price of Rs 760 per share.

IPO Pricing:

  • Company can issue shares up to 20% higher than the base price, i.e., up to Rs 912 per share to QIIs.
  • General public to receive a 10% discount from the company based on the minimum cut-off rate by QIIs.

Related: Upcoming New IPO’s in Nepal

Reliance Spinning Mills IPO Price:

The preliminary bid indicates a minimum price per share of Rs 608. The base price is Rs 760 per share, with the option of issuing shares up to Rs 912 per share to Qualified Institutional Investors.

Reliance Spinning Mills IPO Net-Worth:

The net value or valuation of Reliance Spinning Mills is not expressly stated in the material. The company’s issued capital is Rs 1.90 Arba.

Reliance Spinning Mills IPO Release Date:

Reliance Spinning Mills’ IPO is scheduled to be released between the 10th and 14th of Magh in 2080.

Reliance Spinning Mills IPO Opening Range:

The IPO’s opening range is from the 10th to the 14th of Magh 2080.

Reliance Spinning Mills IPO Price:

The base price of Rs 760 per share will serve as the IPO’s opening price.

Reliance Spinning Mills IPO EPS:

The material does not expressly include Earnings Per Share (EPS) information.

Reliance Spinning Mills’ IPO Sector:

The IPO is in the textile and spinning mills industry.

Refund and Adjustments:

If investors bid over the base price but do not get shares, they will be given a three-day window to repay the extra cash with interest or make any necessary account modifications.

Conclusion:

Reliance Spinning Mills’ entry into the IPO market marks a significant shift in Nepal’s financial landscape. As the company plans to raise funds through the book-building approach, investors can look forward to the possibility to participate in the expansion of this industry powerhouse.

What do you think?

Written by ipoyard

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Upcoming New IPO's in Nepal 2024

Upcoming New IPO’s in Nepal 2024

Accord Pharmaceuticals Limited Files for IPO in Nepal's Growing Pharmaceutical Sector

Accord Pharmaceuticals Limited Files for IPO in Nepal’s Growing Pharmaceutical Sector