ICFC Finance Allotted "9% ICFC Finance Limited Debenture 2088" to The Valid Applicants on 20th Magh
Mon, Feb 3, 2025 10:28 AM on Latest, Bonds & Debentures,
ICFC Finance Limited (ICFC) has concluded allotment for the public issue of the "9% ICFC Finance Limited Debenture 2088" on 20th Magh, 2081.
The issue had opened on 9th Magh and closed on 13th Magh, 2081.
3,00,000 units were issued at a par value of Rs. 1000 per unit. Out of the total units issued 60% i.e. 1.80 lakh units, the total issue was to be subscribed via private placement while the remaining 1.20 lakh units worth Rs. 12 Crore was for public issue, 5% i.e. 6,000 units were allocated for mutual funds. It will raise a total of Rs 30 Crore from the issuance.
As the name suggests, the "9% ICFC Finance Limited Debenture 2088" is a debenture with a maturity period of 7 years and a coupon rate of 9%.
Kumari Capital Limited was the issue manager.
