Public Issue of "9% ICFC Finance Limited Debenture 2088" Closing Today

ICFC Finance Limited (ICFC) is closing the issue of 3,00,000 units of "9% ICFC Finance Limited Debenture 2088" to the general public and institutions from today 13th Magh, 2081.

The debenture with a maturity period of 7 years and a coupon rate of 9% was open for application from 9th Magh, 2081.

3,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 1.80 lakh units, the total issue will be subscribed via private placement while the remaining 1.20 lakh units worth Rs. 12 Crore will be open for public issue, 5% i.e. 6,000 units will be allocated for mutual funds. It will raise a total of Rs 30 Crore from the issuance.

According to CDSC, a total of 8,668 applicants have applied for 6,47,586 units worth Rs. 64.75 Crore so far. This data is as of 5 pm yesterday.

Kumari Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 1,20,000 units.

Notice: