HAMS Hospital to Float IPO at Premium | Submits Application to SEBON
December 28, 2023 | Investopaper
Hospital For Advanced Medicine and Surgery Limited (HAMS Hospital) is in the process of issuing shares to the public (IPO). For this purpose, the company has submitted the application to the Securities Board Of Nepal (SEBON) on Poush 6, 2080 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
If approved by SEBON, the company plans to sell 11,25,000 shares to the public at a price of Rs. 288 per share (Rs. 100 par plus Rs. 188 premium). Hence, the public issue amounts to Rs. 32.40 crores.
The company has appointed Muktinath Capital Limited as issue and sales manager.
In the first phase, the company will issue shares to the foreign employed Nepalis. Likewise, after the first phase, it will sell shares to the general public, including the mutual fund schemes and the employees of the company, in the second phase of the IPO.
About HAMS Hospital Limited
Hospital For Advanced Medicine and Surgery Ltd. (HAMS Hospital), was incorporated on November 17, 1997. Since then, it has been functioning as a general hospital with a capacity for one hundred beds.
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