While we may not have precise information on the exact amount IDFC First Bank plans to raise from the market, if we extrapolate the same equity base growth observed in the last five years, we can make an estimate. In my opinion, they may not need to raise the same amount of equity as the Profit After Tax (PAT) has significantly improved, which was almost negligible five years ago.
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Total number of shares as of January 5, 2018: 478.15 Crore
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Total number of shares as of December 31, 2023: 706.68 Crore
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CAGR of the Equity base(2018 to 2023): 8.143%
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Total shares after the merger of IDFC First and IDFC Ltd: 690 Crore
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Projected total number of shares as of January 1, 2029, with the same CAGR of 8.143%: 1013.84 Crore
Projected EPS : 13000(Guidance 2.0)/1013.84 = 12.84
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