ICFC Finance cut off price for 3.79 lakh units auctioned ordinary shares stood at Rs 233, promoter shares at Rs 146

ICFC Finance Company Limited (ICFC) had auctioned its 60,903 units of ordinary right share and 3,18,871 units promoter right share to the general public from Magh 15 to Magh 25, 2072. The bid was already opened on Magh 29 (Friday). An official of Global IME Capital Limited, which managed the auction for ICFC Finance, informed that the cut off price for 60,903 units ordinary shares stood at Rs 233. The highest bid amount for the auction shares received was Rs 300. Only 63 applicants were allotted shares out of the 723 applicants who submitted their bids for 60,903 units of ordinary shares. Similarly, for 3, 18,871 units promoter shares the cut off price stood at Rs 146. The highest bid amount for the auction shares received was Rs 201. Only 136 applicants have submitted their bids for 3,18,871 units promoter shares and 19 of them got shares. ICFC Finance had earned net profit of Rs 4.16 crore in its second quarter of the current fiscal year 2072/73. The last trading price (LTP) of ICFC Finance stood at Rs 251 as on February 11, 2016.