Description

IDFC First Bank Limited lists 81.27 crore equity shares issued at Rs. 60 per share on preferential basis pursuant to conversion of CCPS, effective November 19, 2025.

Summary

IDFC First Bank Limited (Scrip Code: 539437) has listed 81,26,94,722 new equity shares on BSE, effective from November 19, 2025. These shares were issued to non-promoters on a preferential basis at Rs. 60 per share (face value Rs. 10 + premium Rs. 50) pursuant to conversion of Compulsory Convertible Preference Shares (CCPS). All shares are subject to lock-in until July 31, 2026.

Key Points

  • 81,26,94,722 equity shares of Rs. 10 each listed on BSE
  • Shares issued at Rs. 60 per share (including Rs. 50 premium)
  • Issued to non-promoters on preferential basis
  • Allotment completed on October 8, 2025
  • Distinguished Numbers: 9985700310 to 10798395031
  • ISIN: INE092T01019
  • New shares rank pari-passu with existing equity shares
  • Scrip Code: 539437

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following SEBI preferential allotment regulations and CCPS conversion requirements.

Compliance Requirements

  • Trading members must note the new securities are available for trading from November 19, 2025
  • All 81.27 crore shares are under lock-in and cannot be transferred until July 31, 2026
  • Shares rank equally with existing equity shares for all corporate actions and dividend entitlements

Important Dates

  • Allotment Date: October 8, 2025
  • Trading Commencement: November 19, 2025 (Wednesday)
  • Lock-in Expiry: July 31, 2026
  • Notice Date: November 18, 2025

Impact Assessment

Market Impact: Medium - The issuance represents a significant dilution for existing shareholders with 81.27 crore new shares. However, the lock-in period until July 31, 2026 prevents immediate selling pressure. The preferential allotment to non-promoters at Rs. 60 per share provides information on the company’s capital raising activities and valuation expectations.

Operational Impact: The conversion of CCPS to equity shares strengthens the bank’s equity capital base and reduces preference capital obligations. This improves the capital structure and may positively impact regulatory capital ratios.

Investor Consideration: Existing shareholders should factor in the dilution impact. The lock-in period provides a buffer before these shares can be traded freely in the market.

Impact Justification

Significant share issuance of 81.27 crore shares but on preferential basis to non-promoters with lock-in until July 2026, moderate market impact expected