Kathmandu. Reliance Spinning Mills Limited has issued primary shares (IPO) to Nepalis who have gone for foreign employment. In the IPO issued by the company, Nepalese who have gone to work abroad can apply from June 27 to July 10.
The company is about to issue 10 percent of 11 lakh 55 thousand 960 shares i.e. 1 lakh 15 thousand 596 shares to the public.
As the company has issued IPO through book building method, applicants can apply for 50 shares to 20 thousand shares per share. The applicant has to pay 41 thousand 40 rupees at the rate of 820 rupees 80 paisa per ticket.
Company should have remittance account to fill IPO. The application can be filled by adding the account to the My Share software.
Care Rating Nepal has given the company Care NP Single A Minus issuer rating in the rating given for share issuance. It means that the company has sufficient capacity to discharge its financial obligations in a timely manner.