ICFC Finance 50% right shares starts from today; Paid up will reach 64.04 crore

ICFC Finance Limited (ICFC) has called on its existing shareholders to start applying for 2:1 (50%) right share from today (Mangsir 08, 2072). Only those shareholders owning shares till Kartik 10, 2072 will be entitled to the right share of the company. ICFC is issuing a total of 2,134,845 unit rights share at the face value of Rs 100. The closing date for the right issue has been set for Poush 13, 2072. The issue manager of this right share is Global IME Capital limited. Interested shareholders can collect the application forms from the any branch of ICFC Finance as well as from the Global IME Capital Limited located at Thamel, Kathmandu. After the adjustment of the rights shares, the finance’s total paid-up capital will reach to 64.04 crore from the existing Rs42. 69crore. The finance has an authorized capital of Rs 1 arba.. ICFC has earned a net profit of Rs 1.53 crore in its first quarter of the fiscal year 2072/73. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue.