Kathmandu. Reliance Spinning Mills, which had issued an initial public offering (IPO) of Rs 820.80 per share, has created a big debate in the stock market after the price of the first transaction was fixed in the range of Rs 100 to Rs 300. Some investors have also become angry as the investors who fill the IPO will suffer losses in the beginning.
The company, which has issued the IPO at Rs 820.80 per share, will have to take 11 consecutive days to raise the investment. After 11 consecutive days of the upper circuit, the market price of the company will be equal to the IPO issue.
NEPSE has set a price range of Rs 100 to Rs 300 for the first share trading of the company. This means that if the company is traded at Rs 300 in the special pre-opening session, then the market price of the company will increase by 10 percent on that day and will be traded up to Rs 330. If the price of the company increases by 10 percent every day in 11 consecutive days, then the market price and issue price of the company will be the same.
Looking at the above situation, the 11-day trading will raise the investment of the investors who have put the IPO, but the question has arisen as to who will sell the shares during that period. Due to this, there is a possibility of some confusion in the business.
