IDFC First Bank soars on raising Rs 1500 crore through bonds

IDFC First Bank is currently trading at Rs. 59.00, up by 0.40 points or 0.68% from its previous closing of Rs. 58.60 on the BSE.

IDFC First Bank
IDFC First Bank

The scrip opened at Rs. 58.65 and has touched a high and low of Rs. 59.55 and Rs. 58.35 respectively. So far 2610562 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 59.65 on 28-Nov-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 59.65 and Rs. 56.65 respectively. The current market cap of the company is Rs. 36530.42 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC First Bank has raised Rs 1500 crore through allotment of 1,500 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Bonds, Basel III compliant, Tier 2 capital (in the nature of Debentures) for a face value of Rs 1 crore each. Date of maturity of said NCDs will be on December 01, 2032.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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