IDFC First Bank’s shares experienced a notable increase today, climbing over 3% during intraday trading. This surge follows the bank’s announcement of a scheduled board meeting on April 17, 2025, to deliberate on raising capital through a preferential issue of eligible securities .
Market Response
On the Bombay Stock Exchange (BSE), the stock opened at ₹60.99, reached an intraday high of ₹61.21, and touched a low of ₹60.01 . As of 3:59 PM IST, the share price stood at ₹61.93, reflecting a 3.36% increase from the previous close of ₹59.25 .
Fundraising Initiative
The bank disclosed in a regulatory filing that the board meeting will consider and, if deemed appropriate, approve a proposal to raise funds by issuing eligible securities on a preferential basis . This move aims to strengthen the bank’s capital base to support future growth initiatives.
Financial Performance
In its Q4 FY25 business update, IDFC First Bank reported a 22.7% year-on-year increase in total business, reaching ₹4.84 lakh crore as of March 31, 2025, up from ₹3.95 lakh crore the previous year. Loans and advances grew by 20.3% year-on-year to ₹2.42 lakh crore, with a quarter-on-quarter increase of 4.7% .
Analyst Perspective
Analysts view the upcoming fundraising as a strategic move to bolster the bank’s capital adequacy ratio and support its expanding operations. The positive market reaction suggests investor confidence in the bank’s growth trajectory and financial health.
Looking Ahead
The outcome of the April 17 board meeting will be closely monitored by investors and market participants, as it will provide further insight into the bank’s capital-raising plans and future strategy.
