The board decided to postpone the IPO to be issued through book building method for a time being.
The decision came after Public Account Committee wrote to SEBON asking briefing about the issue of the company within seven days.
Dr. Nawaraj Adhikari, Executiove Director and Spokesperson of SEBON informed that the board took the decision with the new development on the issue.
Reliance Spinning Mills was supposed to issue IPO to foreign migrated workers from July 11.
