ICFAI Foundation for Higher Education successfully conducted the ICFAI Business school Aptitude Test (IBSAT) from 15th December 2015 to 30th December 2015. A huge number of candidates appeared for the examination. All the aspirants who had written the exam are eagerly waiting for the results. Now, the wait is over. ICFAI declared IBSAT December 2015 results. IBSAT December 2015 Results: The Institute of Chartered Financial Analysts of India (ICFAI) was established in 1984 as a not-for-profit educational society in Telangana, India.