Description

IDFC FIRST BANK LIMITED lists 43,71,85,666 equity shares on BSE effective November 26, 2025, issued on preferential basis pursuant to conversion of CCPS.

Summary

BSE has listed 43,71,85,666 new equity shares of IDFC FIRST BANK LIMITED (Scrip Code: 539437) effective November 26, 2025. These shares were issued to non-promoters on a preferential basis pursuant to conversion of Compulsory Convertible Preference Shares (CCPS). The shares carry a lock-in period until August 18, 2026.

Key Points

  • 43,71,85,666 equity shares of Rs. 10/- each listed and permitted to trade from November 26, 2025
  • Shares issued at a premium of Rs. 50/- (total issue price: Rs. 60/-)
  • Allotment date: October 27, 2025
  • Issued to non-promoters on preferential basis pursuant to CCPS conversion
  • New shares rank pari-passu with existing equity shares
  • Distribution numbers: 10798395032 to 11235580697
  • ISIN: INE092T01019
  • All shares subject to lock-in until August 18, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions apply to all 43,71,85,666 shares until August 18, 2026
  • Securities to be traded under existing scrip code 539437 and ISIN INE092T01019

Important Dates

  • Allotment Date: October 27, 2025
  • Trading Commencement: November 26, 2025
  • Lock-in Expiry: August 18, 2026

Impact Assessment

This preferential allotment represents a significant equity dilution with over 43 crore new shares being issued. The conversion from CCPS to equity shares strengthens the capital structure by converting preference capital to equity. The lock-in period until August 2026 ensures that these shares will not be available for trading in the near term, limiting immediate supply impact. The shares being issued to non-promoters indicates expansion of public shareholding. Investors should monitor the impact on earnings per share and voting rights distribution.

Impact Justification

Large equity issuance of 43.7 crore shares with lock-in period impacts liquidity and shareholding pattern, but routine preferential allotment procedure