Reliance Spinning Mills will open its IPO to the general public on December 22, issuing 924,768 shares. Previously, Nepalis working abroad received 115,596 units. Using the book-building method, the public share price has been set at Rs 820.80, with a minimum application of 50 shares requiring Rs 41,040. This is the second instance of a Nepalese company using the book-building method to set its IPO price, following Shivam Cement.
