KATHMANDU, Oct 17: Hams Hospital, a healthcare institution, has made an announcement to open  Initial Public Offering (IPO). After transitioning into a public limited company, the hospital's inaugural Annual General Meeting (AGM) has authorized the issuance of 1,125,000 shares to the public.

These shares will be made available to the general public at a rate of Rs 100 per share, constituting 15 percent of the total issued capital. To oversee the share issuance, the hospital has appointed Muktinath Capital as its sales manager.

Similarly, to promote employee participation, the AGM has approved the allocation of a maximum of 5 percent of the shares to the hospital's dedicated staff. The founding group will retain an 85 percent ownership stake.

Furthermore, as part of their commitment to shareholders, the AGM will distribute 17.38 percent bonus shares and 0.67 percent cash dividend. After this, the company's total capital will be Rs 637.5 million.

Appointment of the Board of Directors

In the establishment of the company's Board of Directors, the AGM general has appointed a five-member Board. Representing the founding shareholders, Ram Sharan Bhandari, Dal Bahadur Bhandari, and Prem Bahadur Bhandari have taken their seats on the board. Additionally, Geeta Joshi Sayami has been appointed to represent the interests of the general public.

An exceptional addition to the Board is Tankamani Sharma, chosen as an independent director during the general meeting. With extensive experience in the health sector and administrative expertise, Sharma brings a wealth of knowledge to the Board, having previously served as an auditor general.

 
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