Reliance Spinning Mills’ initial public offering drew overwhelming investor interest, with applications oversubscribed almost 33 times. Nearly 584,000 investors applied for shares worth over Rs 25 billion, far exceeding the limited public allocation. As shares will be distributed through a lottery system, only around 18,500 applicants are expected to receive allotments. The strong response reflects sustained appetite for quality manufacturing stocks despite market volatility and limited supply of new listings.
