Divine Healthcare Appoints Muktinath Capital as Issue Manager for IPO Issuance
Summary
Divine Healthcare Limited has appointed Muktinath Capital Limited as issue manager for its upcoming IPO to the general public. The pharmaceutical manufacturer plans to sell 20% of its paid-up capital and use the proceeds to expand production, develop new medicines and strengthen research and development.
Key Points
- Divine Healthcare Limited has appointed Muktinath Capital Limited as the issue manager for its planned IPO.
- The company will issue 20% of its paid-up capital as ordinary shares to the public.
- Divine Healthcare, established in 2017 and based in Bharatpur Metropolitan City-16, Chitwan, currently produces and distributes 67 medicines across Nepal.
- Funds raised from the IPO will be used to expand production technology, develop new medicines and boost research and development.
