Kathmandu. Ganga Health Care Industries Limited has initiated the process of issuing shares as per the “Securities Issue and Transaction Regulations of Small and Medium Organized Institutions, 2081” issued by the Securities Board of Nepal. Muktinath Capital Limited has been appointed as the issue and sales manager for issuing ordinary shares (IPO) to the general public.
Suraj Prasad Khatri, Chairman of Ganga Health Care Industries and Kabindra Dhwaj Joshi, CHIEF Executive Officer of Muktinath Capital signed the agreement on behalf of their respective organizations.
The company will issue 30 percent of the issued capital to the general public.
With the aim of producing and distributing quality health products in Nepal. No. Ganga Bandage Industry, which was registered in 2055 with domestic and small industries, is currently operating in the name of Ganga Health Care Industries Limited on its own land at Tilottama Municipality-14, Rupandehi.
The industry has been able to do business keeping in mind the value addition of up to 70 percent in the materials produced by importing and processing raw materials. Giving high importance to human health, the industry is producing a variety of health-related surgical materials such as dressing bandages, absorbent cotton, observant yards, bandages, crepe bandages, disposable masks, and tetra yards.
With an aim to expand its business keeping in mind the needs of consumers and traders, the company has a long-term plan to produce more surgical materials such as cannula fixators, elastic adhesive bandages, disposable diapers, disposable syringes, gloves used for testing, and sterilized yards in the near future, which it hopes will also strengthen the country’s economy.
