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IDFC First Bank is currently trading at Rs. 78.05, up by 0.29 points or 0.37% from its previous closing of Rs. 77.76 on the BSE.
The scrip opened at Rs. 78.41 and has touched a high and low of Rs. 79.55 and Rs. 78.00 respectively. So far 2961688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.52 on 19-Jun-2023 and a 52 week low of Rs. 30.60 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 84.35 and Rs. 75.60 respectively. The current market cap of the company is Rs. 51964.97 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 30.96% and 29.06% respectively.
IDFC First Bank has raised Rs 1,500 crore through allotment of Tier-2 bonds in domestic Indian Bonds market. These privately placed Bonds are issued as unsecured, subordinated, rated, listed, nonconvertible, fully paid-up, taxable, redeemable Basel III compliant tier-2 Bonds (in nature of debentures) at a face value of Rs 1 crore each and were raised through private placement on the NSE E-bidding platform.
The participation for the issuance came from domestic Qualified Institutional Investors. The bidding on NSE e-bidding platform witnessed healthy interest from corporates, public pension Funds, provident funds and insurance companies, and the overall issue was oversubscribed. The unsecured, Tier 2 Bonds were raised for a tenor of 10 years with a call option at the end of five years and carry a coupon of 8.40%.
Including this capital raise, the capital adequacy of IDFC FIRST Bank, as computed on March 31, 2023 financials, would be 17.68%, and will provide greater headroom for growth of the Bank. The duly authorized Committee of the Board at its Meeting held on June 27, 2023, has approved the allotment of the same.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1518.65 |
| ICICI Bank | 1142.00 |
| Axis Bank | 1140.50 |
| Indusind Bank | 1482.70 |
| Kotak Mahindra Bank | 1547.25 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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