norvic international hospital ipo,

Norvic International Hospital Limited is planning to issue initial public offering in near future. Norvic International Hospital will be the first hospital to issue initial public offering to the general public. Recently this hospital turns as the public limited company from private limited company. This company is going to SEBON for the approval to issue IPO to the general public

norvic hospital is going to issue ipo to the general public in near future. This hospital will be the first hospital to issue ipo to the general public
Norvic International Hospital IPO

About Norvic International Hospital Limited

Norvic International Hospital was established on 1994 AD. This hospital located at Thapathali Kathmandu. The founder of this hospital is Basanta Kumar Chaudhary (He is the popular lyricist of Nepal). Maga Chaudhary (Daughter of Basanta Kumar Chaudary) is the Managing Director of this hospital.

Board of Director of Norvic International Hospital

  • Rajendra Bahadur Singh
  • Mega Chaudhary
  • Manish K. Khemka
  • Gajendra Man Shrestha
  • Bhuban C. Bhatta
  • Harihar Sharma
  • Narayan Bajaj

Norvic Proposes 50% Bonus Shares for FY 2077/78

The First AGM which was held after the transformation of Norvic international Hospital passed 50% bonus shares to the shareholders from the net profit of fiscal year 2077/2078 .The current paid-up capital of Norvic Hospital is Rs 150 million. After the distribution of 50 percent bonus shares, the paid-up capital will increase to Rs. 225 million.

Similarly, the AGM has also passed a proposal to increase the limited authorized capital from Rs 300 million to Rs 100 million. Norvic Hospital had earned a net profit of Rs 85.6 million in the fiscal year 2077/78. 50 percent bonus share and cash dividend required for tax purposes will be managed from the same profit.

Chairman of the Board of Directors Rajendra Bahadur Singh presented the annual report of the Board of Directors at the annual general meeting held at BLC Building, Thapathali. In the meantime, Chairman Singh informed that the hospital has made satisfactory progress even during the Corona virus epidemic. He informed that all the health services were provided to the people during the epidemic and Norvic also carried out effective programs under social responsibility. He said that the hospital has recently started operation of IVF center, is preparing to set up an international level skin center in the near future, modern software will be developed and used for hospital management, hospital services will be modernized, new building will be constructed to expand hospital services He presented the action plan to be taken forward.

Conclusion

The hospital management hasn’t official declare the official date of IPO issue. We will make you update the IPO issuing process of this hospital.

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