Last day to apply 50% right share of ICFC Finance

Existing shareholders have one more day to file for the 2:1(50%) ratio right shares of ICFC Finance Limited (ICFC). The development bank has been issuing right shares from Mangsir 8, 2072 and today (Poush 20) is the closing day for the same. ICFC is issuing a total of 2,134,845 unit rights share at the face value of Rs 100. Only those shareholders owning shares till Kartik 10, 2072 will be entitled to the right share of the company. 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.