Reliance IPO Approval Nepal: NEB Ends Suspension, Paving the Way for Listing

Reliance IPO Approval Nepal

3rd December 2025, Kathmandu

The Securities Board of Nepal (NEB) has lifted the suspension on the initial public offering (IPO) of Reliance IPO Approval Nepal is now proceeding as the regulatory body has cleared the way for the listing of Reliance Spinning Mills.

Reliance IPO Approval Nepal 

This crucial decision was made on Tuesday, following the implementation of a paramadesh (prerogative writ) order issued by the Patan High Court.

This move effectively resolves a protracted legal hurdle. The NEB’s announcement permits the company to finally move forward with its public issuance process. This milestone is set to invigorate the capital market, as a major industrial player prepares to be listed on the Nepal Stock Exchange (NEPSE).

Key NEB Decision Triggers Listing Process

The NEB formally communicated its decision to Global IME Capital Limited, the issue manager for Reliance Spinning Mills. In its letter, the Board stated it was mandated to comply with the Patan High Court’s order dated June 25, 2024 (2081 Asar 12). The court had issued a paramadesh to grant necessary clearance for the company’s share issuance according to the law.

The lifting of the suspension immediately commences the listing process of Reliance’s shares on NEPSE. This process was delayed for nearly a year due to the court order, causing significant uncertainty among potential investors and the capital market itself.

The Long-Awaited IPO Details

Reliance Spinning Mills had initiated the IPO process over a year ago. It planned to offer its primary shares to the general public at a price of Rs. 820.80 per unit. Institutional investors, demonstrating strong confidence, have already purchased the IPO shares at a higher rate of Rs. 912 per unit.

The suspension has now been removed, allowing the public issuance to move into its next phase. This development is keenly watched by the Nepalese investment community, given the company’s strong financial performance and market standing.

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Reliance: A Powerhouse in Nepal’s Industry

Reliance Spinning Mills is a core component of the prestigious Golyan Group, one of Nepal’s leading industrial houses. Established in 1997 (2054 BS), the industry has consistently improved its production capacity and profitability over the years.

The company’s published annual financial statements showcase a significant trajectory of growth. In the last fiscal year, 2024/25 (2081/82 BS), the company generated a profit of Rs. 1.48 billion. This represents an impressive increase of approximately 42% compared to the previous year. For context, the company’s profit in the prior fiscal year stood at Rs. 865 million.

Exponential Profit Growth Demonstrated

A closer look at the financial reports reveals a stunning 845% surge in net profit. The company reported a net profit of Rs. 476.37 million in the last fiscal year, up sharply from Rs. 50.38 million earned in the fiscal year 2023/24 (2080/81 BS). This data underscores the company’s robust operational efficiency and its strong position within the manufacturing sector.

Leadership and National Recognition

The Golyan Group’s third-generation representative, Akshay Golyan, currently spearheads Reliance. Under his leadership, the industry has successfully carved out a distinctive identity in the international market. The company’s contributions to the national economy through the industrial and commercial sectors have also received high-level recognition.

The Nepal government honored Mr. Golyan in June for his impactful role. He was awarded the ‘Commercially Important Person’ (CIP) status, recognizing the spinning mill’s significant contribution to national growth. The Reliance IPO Approval Nepal process will now further enhance the company’s public profile and allow greater participation in its success.

Market Impact and Future Outlook

The clearance for the IPO of Reliance Spinning Mills is a crucial signal. It shows regulatory compliance can be enforced through the judicial system, even for major market listings. The removal of the NEB suspension now clears the largest obstacle.

It allows the company to capitalize on its excellent financial performance. The listing will also provide new opportunities for public investors. They can now own a piece of this industrial giant. The market eagerly awaits the final issuance dates and the listing of Reliance shares on NEPSE.

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