ICFC Finance receives [ICRANP] IPO grade 4 for its 2:1 right issue
Sun, Aug 23, 2015 12:00 AM on Others,
ShareSansar August 23:
155th BOD meeting of ICFC Finance Limited had proposed rights shares in the ratio of 2:1.
ICRA Nepal has assigned a [ICRANP] IPO Grade 4, indicating below-average fundamentals to the proposed rights issue amounting NPR 213.4845 million of ICFC Finance Limited (ICFC).
ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.
ICFC Finance Limited has posted net profit of Rs 72.96 million in its 4th quarter of the fiscal year 2070/71.
