upcoming IPO details for Reliance Spinning Mills Ltd. (RSM) in Nepal:
The IPO will be open from 27 Ashadh to 10 Shrawan 2081 BS, which corresponds to July 11 to July 24, 2024 (Gregorian calendar). These dates are fixed and won’t be extended for Nepali citizens abroad .
Minimum Lots:
You must apply for a minimum of 50 units, which, at ₹820.80 each, means an ₹41,040 minimum investment
📊 Issue Structure & Pricing
Shares Offered:
A total of 1,926,600 units (10.14% of paid-up capital) are being issued.
7,70,640 units (40%) were allocated to Qualified Institutional Investors (QII).
Remaining 11,55,960 units (60%) are open to the general public .
Cut-off & Public Price:
QIIs bid within Rs 608–912, with the cut-off settled at Rs 912.
Public offering price is set at Rs 820.80, a 10% discount off the cut-off .
💼 Management & How to Apply
Issue Manager: Global IME Capital Limited is handling the IPO .
Application Process:
Apply through Meroshare (using ASBA), your broker, or Global IME Capital's office .
🔍 Quick Recap
DetailInfo
Open Date July 11, 2024
Close Date July 24, 2024
Min. Investment ₹41,040 (50 units)
Public Price ₹820.80 per share
Total Units (General Public) 11,55,960
Issue Manager Global IME Capital
✅ What You Should Do Now
1. Confirm your Nepali calendar: Ensure your broker uses the correct dates—11–24 July 2024.
2. Set your budget: Prepare at least ₹41,040 per 50-unit lot.
3. Apply through Meroshare or broker: Submit via ASBA or directly via Global IME.
4. Track allotment: Results will be released shortly after the IPO closes; check Grow Hub, Meroshare, or Global IME’s site.