ICFC Finance extends auction of 3.79 lakhs unit shares till Magh 25;Investors from auction also to get 10.5% bonus share

ICFC Finance Company Limited (ICFC) has been auctioning its promoter right shares and ordinary right share to general public from Magh 15, to Magh 25 2072. Earlier this auction was scheduled to end today. However, the company has decided to extend it for five more days. According to a notice published by the finance company, it is auctioning 3,18,871 units promoter right share and 60,903 ordinary right share after the rights shares issued on Mangsir 8, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 2:1. The auction winner will also get 10.5 percent bonus share proposed by the finance company which is subject to approval from upcoming AGM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Global IME Capital Limited is the issue manager for this auction. The finance has urged the interested bidders to submit their bids by 3:00 PM today at the Global IME Capital Limited located at Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010000371CC of Global IME Capital Limited at Citizens Bank International Limited. The last trading price (LTP) of ICFC Finance stood at Rs 259 as on February 02, 2016. Also, the LTP of ICFC promoter share stood at Rs 105 as on December 16, 2015.