Shree Ganga Health Care to Float 30% IPO; Muktinath Capital Appointed Issue Manager
Shree Ganga Health Care will issue 30% ordinary shares to the public, with Muktinath Capital as issue manager.
Shree Ganga Health Care Industries Limited is preparing to issue 30% of its ordinary shares to the general public through an Initial Public Offering (IPO). The company has appointed Muktinath Capital Limited as the issue and sales manager. A formal agreement was signed between Chairman Suraj Prasad Khatri of Shree Ganga Health Care and CEO Kabindra Dhoj Joshi of Muktinath Capital.
Established in 1998 (2055 B.S.) and headquartered at Tilottama Municipality-14, Rupandehi, Shree Ganga Health Care operates under the small-scale industrial category. The company specializes in manufacturing essential healthcare and surgical products including dressing bandages, absorbent cotton, gauze, and disposable masks.
With a value addition of up to 70% in its products, the company aims to diversify its portfolio with new offerings such as cannula fixators, syringes, diapers, gloves, and sterilized gauze. This expansion plan aligns with its goal of supporting Nepal’s healthcare infrastructure while reducing dependency on imports.
The proposed IPO will provide the company with fresh capital to scale operations and expand production capacity, enhancing its role in Nepal’s growing healthcare sector and economy.