Description

IDFC FIRST BANK LIMITED lists 43.72 crore equity shares on BSE arising from conversion of Compulsory Convertible Preference Shares (CCPS) issued on preferential basis to non-promoters.

Summary

BSE has listed 43,71,85,666 new equity shares of IDFC FIRST BANK LIMITED (Scrip Code: 539437) with effect from November 26, 2025. These shares arise from the conversion of Compulsory Convertible Preference Shares (CCPS) issued to non-promoters on a preferential basis. The shares rank pari-passu with existing equity shares and are subject to lock-in until August 18, 2026.

Key Points

  • Number of Shares Listed: 43,71,85,666 equity shares of Rs. 10/- each
  • Issue Price: Rs. 60/- per share (Rs. 10 face value + Rs. 50 premium)
  • Date of Allotment: October 27, 2025
  • Trading Commencement: November 26, 2025
  • ISIN: INE092T01019
  • Distinctive Numbers: 10798395032 to 11235580697
  • Nature: Conversion from CCPS issued on preferential basis to non-promoters
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • All 43.72 crore shares are subject to mandatory lock-in requirements
  • Shares cannot be transferred or sold before the lock-in expiry date

Important Dates

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

Impact Assessment

Market Impact: The listing represents a substantial increase in share capital through CCPS conversion. However, the immediate trading impact is limited as all shares are locked-in until August 2026. This prevents immediate selling pressure on the stock.

Dilution Impact: The preferential allotment to non-promoters at Rs. 60/- per share will result in equity dilution for existing shareholders. The pricing and lock-in terms suggest institutional or strategic investor participation.

Operational Impact: Trading members should update their systems to reflect the increased equity capital and floating stock for position limit calculations, though locked-in shares won’t affect near-term liquidity.

Impact Justification

Significant equity listing of 43.72 crore shares representing material dilution, but shares are locked-in until August 2026 limiting immediate trading impact