IDFC FIRST Bank Allots Over 10 Lakh Equity Shares Under ESOP Scheme
MUMBAI – IDFC FIRST Bank Limited has announced the allotment of 10,91,052 equity shares to its employees. The decision was formalized following the exercise of stock options under the IDFC FIRST Bank – Employee Stock Option Scheme (ESOS).
The bank’s authorized committee of the Board of Directors approved the allotment on January 23, 2026, as part of its regular regulatory compliance under SEBI guidelines.
Key Details of the Allotment
The move is designed to foster a culture of ownership among the bank's workforce, aligning employee interests with long-term shareholder value.
- Face Value: ₹10 per share.
- Total Allotment: 10,91,052 shares.
- Nature of Shares: Fully paid-up, ranking pari-passu (equal footing) with existing shares regarding dividends and voting rights.
Financial Impact: Share Capital Update
The allotment has led to a marginal increase in the bank's total paid-up equity share capital.
Market Performance and Upcoming Events
The announcement comes as the bank prepares for its quarterly financial disclosure. The stock (NSE: IDFCFIRSTB | BSE: 539437) closed at ₹82.99 on January 23, 2026, ahead of the weekend.
- Q3 FY26 Results: The Bank is scheduled to hold its board meeting on January 31, 2026, to review and approve the financial results for the quarter ending December 31, 2025.
- Market Sentiment: Analysts have recently noted a shift toward a bullish trend for the stock, supported by improving technical indicators and a healthy CASA (Current Account Savings Account) ratio of over 46%.