Nobel College of Health and Education Foundation Limited has announced plans to issue an IPO for the general public and has appointed Nabil Investment Banking Limited as the issue and sales manager.
Kathmandu-based Nobel College of Health and Education Foundation Limited has decided to issue an Initial Public Offering (IPO) to the general public. The company has officially appointed Nabil Investment Banking Limited as the issue and sales manager for the IPO.
The company’s current issued capital stands at NPR 3 arba 50 crore. Out of this, approximately 28.57 percent of shares will be offered to the general public through the IPO, while the remaining 71.43 percent will continue to be held by the promoter group.
Nobel College operates under the “Frontline” brand in Old Baneshwor, Kathmandu. At present, the hospital has a capacity of 100 beds and claims to be providing world-class medical services.
As part of its service expansion plan, the company is currently constructing a new 200-bed hospital, which will focus on general healthcare and cancer treatment. According to Chairman Navaraj Pandey, the decision to issue an IPO has been taken to raise additional capital required for hospital expansion.
Alongside medical services, Nobel College is also involved in the education sector, offering undergraduate-level academic programs including nursing and pharmacy.
The agreement related to the IPO issuance was signed on Monday, with Chairman Navaraj Pandey representing Nobel College and Chief Executive Officer Manish Narayan Joshi signing on behalf of Nabil Investment Banking Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
