IDFC Bank, the demerged banking entity of infrastructure finance company IDFC, made its debut on bourses today.
The stock was listed at Rs 70.50 on BSE and was later trading at Rs 70.65.
On NSE, it debuted at Rs 70.50 and touched a high of Rs 73.40 and a low of Rs 67.
IDFC was trading 6.64 per cent down at Rs 55.55 on BSE.
Promoters hold a 53 per cent stake in the company.
IDFC Bank went live at 23 locations, including 15 branches in rural Madhya Pradesh, on October 1, becoming the 91st scheduled commercial bank in the country.
IDFC Bank last month allotted 159.40 crore shares to 49.21 lakh shareholders of IDFC Ltd as per the demerger scheme.
