Dissatisfaction of Reliance Spinning Mills over first transaction price in NEPSE
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Media Baaji
- Mon, 16 February 2026
Kathmandu. Reliance Spinning Mills Limited has expressed displeasure with the opening range of the company's shares set by the Nepal Stock Exchange NEPSE. Issuing a statement, he expressed his displeasure that the opening range of Company Play shares has been determined from 100 to 300 rupees.
It is the understanding of the company that this limit is contrary to the basis and practice adopted during the listing of other companies. The Nepal Securities Board had given permission to the company to issue shares in accordance with the book building method guidelines. "Since book building is a modern method, it is the responsibility of the regulatory body to make necessary legal and policy arrangements regarding the listing of shares issued through it," the company said.
The company has pointed out that since the book building method is different from the normal method, the basis of initial price determination of share listing should also be different, but it has not been heard. For the same reason, the company has requested the investors to understand the actual financial position of the company, saying that it had to go for the listing.
According to the company, the price per share is 912 not on a hypothetical basis, but the actual price determined by expert financial institutions taking into account the company's financial projection and potential.
Express
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