IDFC First Bank Limited

Correct

It depends on the various prices at which such equity capital has been raised. For instance IDFC First raised around Rs 2,196 crores by issuing around 37.75 crores of shares @ 58.18 per share in March 2023. On Oct 6, it raised Rs 3,000 crores by issuing about 10% fewer shares – 33.24 cr @ 90.25 per share.

I had worked out (my post above) that y-o-y PAT growth had been 18.4%, EPS growth was much lower at 4.47%. I calculated EPS on Issued shares, but the company has substantial exercisable options that would dilute EPS further