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Shareholding Pattern: Shareholding Pattern IDFC FIRST BANK FY(Q1-Jun 2023-2024)

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IDFC FIRST BANK has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name Previous Quater Quantity(In Crores) Current Quater Quantity(In Crores) Previous Quater Shares(in %) Current Quater Shares(in %) Quater to Quater Difference
Promoters 264.64 264.64 37.43 37.37 -0.06 %
Public 442.35 443.47 28.39 29.96 +1.57 %
DII 48.13 56.16 6.81 7.93 +1.12 %
FII 167.22 148.85 23.65 21.02 -2.63 %
Government 26.32 26.32 3.72 3.72 0
Promoters’ shareholding decreased from 37.43% in March 2024 to 37.37% in June 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 28.39% in March 2024 to 29.96% in June 2024.This change suggests that the public’s investment in the company grew during the quarter.DIIs (Domestic Institutional Investors) shareholding increased from 6.81% in March 2024 to 7.93% in June 2024 , indicating that domestic institutions increased their stake in the company by 1.12% . FIIs (Foreign Institutional Investors) shareholding decreased from 23.65% in March 2024 to 21.02% in June 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from March 2024 to June 2024, Goverenment ownership remained steady at 3.72%.This indicates that the government’s stake in the company remained consistent during this period.

Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.

Shareholder Name Previous Quarter Quantity (In crores) Current Quarter Quantity (In crores) Previous Quarter Shares (in %) Current Quarter Shares (in %) Quarter-to-Quarter Difference (%)
IDFC FINANCIAL HOLDING COMPANY LIMITED 264.644 264.644 37.43 37.37 -0.06 %
IDFC FINANCIAL HOLDING COMPANY LIMITED faced a downturn in stakeholding this quarter, witnessing a decline of -0.06 % in stakeholding compared to the previous quarter.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Directors and their relatives (excluding independent directors and nominee directors) 6.471 6.726 0.92 0.95 + 0.03 %
Key Managerial Personnel 0.101 0.124 0.01 0.02 + 0.01 %
Resident Individuals holding nominal share capital up to Rs. 2 lakhs 108.608 116.941 15.36 16.51 + 1.15 %
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 63.626 65.299 9 9.22 + 0.22 %
Non Resident Indians (NRIs) 10.849 11.544 1.53 1.63 + 0.1 %
Bodies Corporate 6.027 6.846 0.85 0.97 + 0.12 %
Any Other (specify) 4.902 4.559 0.69 0.64 -0.05 %
HUF 4.049 4.481 0.57 0.63 + 0.06 %
Clearing Members 0.815 0.034 0.12 0 -0.12 %
Leading the way to higher stakeholding, Directors and their relatives (excluding independent directors and nominee directors) has significantly boosted stakeholding by an impressive 0.03 %.Leading the way to higher stakeholding, Key Managerial Personnel has significantly boosted stakeholding by an impressive 0.01 %.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 1.15 %.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.22 %.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.1 %.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.12 %.Observations show a significant difference of -0.05 % in Any Other (specify)’s financial performance between quarters.Leading the way to higher stakeholding, HUF has significantly boosted stakeholding by an impressive 0.06 %.Observations show a significant difference of -0.12 % in Clearing Members’s financial performance between quarters.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Mutual Funds/ 18.878 25.002 2.67 3.53 + 0.86 %
Alternate Investment Funds 3.692 3.580 0.52 0.51 -0.01 %
Banks 0.226 0.147 0.03 0.02 -0.01 %
Insurance Companies 25.264 27.250 3.57 3.85 + 0.28 %
TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAP 0 9.704 0 1.37 +1.37%
Provident Funds/ Pension Funds 0 0.130 0 0.02 +0.02%
NBFCs registered with RBI 0.068 0.017 0.01 0 -0.01 %
The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 0.86 % in their shares.Alternate Investment Funds decreased their stake from 0.51% in the previous quarter to 0.52% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Banks decreased their stake from 0.02% in the previous quarter to 0.03% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.The latest quarter saw a considerable enhancement in stakeholding for Insurance Companies, reflecting an uptick of 0.28 % in their shares.NBFCs registered with RBI decreased their stake from 0% in the previous quarter to 0.01% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAP had no shares in the previous quarter but now holds 1.37% of shares in the current quarter.Provident Funds/ Pension Funds had no shares in the previous quarter but now holds 0.02% of shares in the current quarter.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Foreign Portfolio Investors Category I 119.767 117.703 16.94 16.62 -0.32 %
GQG PARTNERS EMERGING MARKETS EQUITY FUND 7.780 16.615 1.1 2.35 + 1.25 %
Foreign Portfolio Investors Category II 31.564 31.151 4.46 4.4 -0.06 %
ODYSSEY 44 A S 27.000 27.000 3.82 3.81 -0.01 %
Foreign Direct Investment 15.885 0 2.25 0 -2.25%
CLOVERDELL INVESTMENT LTD 15.885 0 2.25 0 -2.25%
GOLDMAN SACHS TRUST II – GOLDMAN SACHS GQG PARTNER 13.259 0 1.88 0 -1.88%
Stakeholding dwindled by -0.32 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for GQG PARTNERS EMERGING MARKETS EQUITY FUND, which experienced a significant increase of 1.25 % .Stakeholding dwindled by -0.06 % for Foreign Portfolio Investors Category II in comparison to the preceding quarter.Stakeholding dwindled by -0.01 % for ODYSSEY 44 A S in comparison to the preceding quarter.Foreign Direct Investment had 2.25% of shares in the previous quarter but exited in the current quarter.CLOVERDELL INVESTMENT LTD had 2.25% of shares in the previous quarter but exited in the current quarter.GOLDMAN SACHS TRUST II – GOLDMAN SACHS GQG PARTNER had 1.88% of shares in the previous quarter but exited in the current quarter.
Shareholder Name Previous Quarter Quantity (In Crores) Current Quarter Quantity (In Crores) Previous Quater Shares (in %) Current Quater Shares (in %) Quater-to-Quater Difference (%)
Central Government / President of India 26.140 26.140 3.7 3.69 -0.01 %
PRESIDENT OF INDIA 26.140 26.140 3.7 3.69 -0.01 %
Central Government / President of India demonstrates diminished shareholding this quarter, declining from 3.7% to 3.69%. PRESIDENT OF INDIA demonstrates diminished shareholding this quarter, declining from 3.7% to 3.69%.
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