KATHMANDU, Dec 24:  Hospital for Advanced Medicine and Surgery (HAMS) has applied to the Securities Board of Nepal (SEBON) for the issuance of initial shares (IPO) to the general public.

The hospital applied to the board on Friday to issue 1,125,000 shares to the general public.

The hospital has submitted an application to the board asking for approval to issue 1,125,000 IPO shares at a nominal price of Rs 100 per share, adding a premium of Rs 188 per share at Rs 288 per share.

The hospital has already appointed Muktinath Capital Limited as the sales manager for the issue of shares, while the underwriting of the shares will be done by Nepal SBI Merchant Banking Limited.

The AGM of the hospital decided that out of this, maximum five percent shares will be issued for the employees. The remaining 85 percent share ownership will belong to the founding group, the hospital said.

Hams Hospital is about to issue an IPO for the first time in the health sector. The company has also done credit rating for IPO issue. Rating agency ICRA Nepal has given ICRA NP Triple B minus rating for the IPO issue.

This hospital was registered in the company registrar's office on November 17, 1997 and has been operating a one hundred bed general health institution/hospital with a license from the Ministry of Health, Bagmati, Hetauda.

With the aim of providing high-quality and affordable health education, Hams Nursing College, a subsidiary company of the organization, has received approval from the Council for Technical Education and Vocational Training December 24, 2008, and is running a 3-year proficiency certificate nursing program.

 
• HAMS_Hospital
 
• IPO
 
• SEBON