Allotment process of ‘12% ICFC Finance Debenture 2083’ concludes; total of 1,840 applicants allotted from the general public

ICFC Finance Limited (ICFC) had closed the issue of 2 Lakh units of debentures at par value of Rs.1000 per unit on Falgun 16, 2076. This issue was open from Falgun 13, 2076. The allotment of the issue took place on Falgun 27, 2076.

The total value of "12% ICFC Finance Debenture 2083" is Rs.20 Crore and will provide 12% interest. The debentures will mature in 7 years i.e. 2083. Out of the total units, 80,000 units (40% of the issue) was for the general public while 120,000 units (60% of the issue) was for private placement. Similarly, 5% of debenture issued for the general public i.e. 4,000 units was reserved for Mutual Funds.

As per the issue manager, Global IME Capital, 1,383 valid applicants who had applied between 25 units to 180 units were fully allotted debentures. Similarly, 68 valid applicants who had applied between 190 units and 30,000 units were allotted 189 units each and remaining 389 valid applicants were allotted 190 units each through lottery.

From the general public, the issue made allotment to a total of 1,840 valid applicants. The issue was oversubscribed within four days.

The non-allottees will be refunded from Falgun 28, 2076 i.e. today in chronological order.