IDFC First Bank raises ₹3,000 crore through QIP April 07, 2021 × The Capital Raising Committee of the bank’s board has approved the closure of the issue on April 6 IDFC First Bank has raised ₹3,000 crore through a qualified institutional placement offer. The Capital Raising Committee of the bank’s board has approved the closure of the issue on April 6. “The Capital Raising Committee of the board of the bank at its meeting on April 6, 2021, approved the issue and allotment of 52.31 crore equity shares of face value of ₹10 each to qualified institutional buyers at an issue price of ₹57.35 per equity share (including a premium of ₹47.35 per equity share), aggregating to ₹3,000 crore, pursuant to the issue,” the bank said in a regulatory filing.