Lock-in Period Ends for Reliance Spinning Mills' Mutual Fund Shares
The six-month lock-in period for 57,798 shares of Reliance Spinning Mills allocated to mutual funds ends today, making the shares eligible for trading.
The lock-in period for shares allocated to mutual funds during the initial public offering (IPO) of Reliance Spinning Mills Limited has officially expired today.
A total of 57,798 shares reserved for collective investment schemes (mutual funds) are now eligible for trading following the completion of the mandatory six-month lock-in period.
The company's IPO was allotted on Poush 18, 2082. Under Nepal's prevailing securities regulations, shares allocated to mutual funds during an IPO must remain under lock-in for six months from the date of allotment before they can be traded in the secondary market.
With the completion of the lock-in period, these shares are now free to enter the market, potentially increasing the company's tradable share supply.
Investors often monitor lock-in expiries closely, as the release of previously restricted shares may influence market liquidity and short-term price movements.