Kathmandu. The listing of the ordinary shares of Reliance Spinning Mills on the Nepal Stock Exchange (NEPSE) has been delayed. <\/p>\n
The initial public offering (IPO) of Reliance Spinning Limited was issued on January 18. It has been a month since the IPO was allotted. <\/p>\n
Reliance Spinning had issued the IPO using the book building method. However, complaints were filed in various bodies regarding the company’s financial condition and even in the court. Various agencies are still investigating the complaints. <\/p>\n
Following the directive of the Ministry of Finance, the Securities Board of Nepal (SEBON) on December 19 had formed a three-member committee under the coordination of Binod Kumar Bhattarai, a board member representing the Ministry of Law, Law, to investigate the activities related to the expulsion of Reliance Spinning Mills from the book building process. The committee has been asked to submit its report within 15 days. However, the officials of the Securities Board of India seem to be silent on whether the report has been prepared or what is happening. <\/p>\n
The Securities Board of India (SEBON) has been accused of granting IPO approval to Reliance Spinning on the basis of financial statements from two years ago. The company issued an IPO of Rs 820 per share to the general public from December 23. The company was issuing Rs 80 ordinary shares. <\/p>\n
According to NEPSE Spokesperson Murahari Parajuli, the application for the listing of Reliance Spinning Shares has already been received. “Any company has to list its shares within a month of applying for the listing of shares,” he said, “NEPSE will study the financial condition of the company within this period.” Therefore, NEPSE is conducting a study. After the study, the listing process proceeds. \u2019<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. The listing of the ordinary shares of Reliance Spinning Mills on the Nepal Stock Exchange (NEPSE) has been delayed. The initial public offering (IPO) of Reliance Spinning Limited was issued on January 18. It has been a month since the IPO was allotted. Reliance Spinning had issued the IPO using the book building method. […]<\/p>\n","protected":false},"author":16,"featured_media":228891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45180],"tags":[],"class_list":["post-285621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-stockmarket-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=285621"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285621\/revisions"}],"predecessor-version":[{"id":285622,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285621\/revisions\/285622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/228891"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=285621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=285621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=285621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}