The Securities Board of Nepal (SEBON) has formed a special investigation committee to review the share issuance process of Reliance Spinning Mills. This investigation is related to the IPO issued through the book building process in the Nepal Stock Exchange (NEPSE).
According to SEBON Nepal, the decision to form this committee was made on 2082/09/04. The main goal of the committee is to check whether the IPO book building method was done in a transparent, fair, and lawful way, as per capital market regulations of Nepal.
The SEBON investigation committee is led by Board Member Binod Kumar Bhattarai. Other members include Anand Raj Sharma Wagley and Pitambar Bhandari, who are also SEBON board members. The committee must submit its final investigation report within 15 days.
SEBON has clearly stated that the committee has full authority to call investors, market experts, issue managers, and other capital market stakeholders if needed. The committee will closely review the IPO approval process, share pricing, institutional investor participation, and book building guidelines followed during the Reliance Spinning Mills IPO.
This move by SEBON Nepal is seen as an important step to improve investor confidence, strengthen NEPSE governance, and ensure fair IPO practices in the Nepal capital market. Many NEPSE investors, share market analysts, and stock market traders in Nepal are closely watching the outcome of this investigation.
The final report will include findings, conclusions, and recommendations, which will be submitted to the SEBON Board. Based on the report, SEBON may take further action to protect retail investors, ensure market transparency, and improve the book building IPO system in Nepal.
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