Last Day to Apply for Reliance Spinning Mills IPO for Nepali Migrant Workers

Today marks the final day for Nepali citizens employed abroad to apply for the IPO of Reliance Spinning Mills Limited, which opened on Mangsir 22.

Under the public offering, the company has reserved 10% (115,596 units) of the shares specifically for foreign-employed Nepalis. Although the par value is Rs. 100, the IPO is priced at Rs. 820.80 per share, determined through the book-building method.

Earlier, during the allotment to Qualified Institutional Investors (QIIs), a total of 770,640 units were issued at a cut-off price of Rs. 912. The public issue price reflects a mandatory 10% discount on that cut-off rate.

Applicants may apply for a minimum of 50 units and up to 20,000 units.
Global IME Capital is the issue manager, and applications can be submitted through ASBA member banks or MeroShare.

CARE Ratings Nepal has assigned the company a CARE-NP Single A- issuer rating, indicating adequate safety and a low credit risk profile.

Reliance Spinning Mills is Nepal’s largest employer in the yarn manufacturing sector, with over 4,300 employees.
The company exports 70–75% of its polyester, viscose, and acrylic yarn products to India, Turkey, Vietnam, the UK, and other international markets.
Its main plant is located in Khanar, Sunsari, with an additional manufacturing unit in Duhabi, Sunsari.

The company’s simple payback period stands at 6.75 years, with a discounted payback period of 10.61 years.