Norvic Appoints Laxmi Sunrise Capital as Issue and Sales Manager for Upcoming IPO

Norvic International Hospital Limited has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for its upcoming Initial Public Offering (IPO). The hospital plans to issue 2.5 million ordinary shares to raise funds for expanding capacity from 200 to 300 beds, upgrading medical technology, and enhancing infrastructure.

Established in 1993, Norvic aims to diversify its capital base, improve transparency, and strengthen public trust by listing on the Nepal Stock Exchange. This IPO will also allow the public to become part-owners of the hospital. As the first major hospital and medical college preparing for NEPSE listing, Norvic’s move is seen as a landmark for Nepal’s capital market, potentially opening the healthcare sector to broader public investment and fostering private sector growth in healthcare.