Igtisadchi finished the regular season with a 6-6 record and in fourth place.
Igtisadchi improved to 2-3 in the playoffs with a 27-25, 25-23, 13-25, 25-19 victory over regular season champion and playoff leader Rabita Baku on April 12.
However, they could not hold the momentum on April 13 with a 25-21, 21-25, 25-17, 23-25, 15-13 loss to Azerrail.
Igtisadchi lost to Lokomotiv 25-20, 28-26, 25-19 on April 14 to fall to 2-5 in the playoffs.
In the playoff finale, Igtisadchi lost to Baki 25-17, 25-21, 25-19 on April 15 to end its chances at a bronze medal.
Igtisadchi, which finished the playoffs in fourth place with a 2-6 record and eight points, will compete in the CEV Challenge Cup in 2012-13.