IDBI Bank Share Price Delivered Almost No Returns in 20 Years. Can the Fairfax Deal Finally Turn the Stock Around? Experts Weigh In

The deal price of Rs 81 is about 1.5% below the Rs 82.24 close on 19 Oct and about 10% below the Rs 90.44 close on 14 Oct (my calculation). That gap is the main reason the IDBI Bank share price fell 6% on 15 Oct after a sharp rally.

This guide covers the 20-year record, the deal terms, what experts say, price levels, valuation and the risks. It is educational and not a recommendation to buy or sell the share.

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IDBI Bank Share Price Today: Live Snapshot

Item	Detail on 19 Oct 2026
Previous close of the IDBI Bank share price	Rs 84.12
Open and day high	Rs 83.94 and Rs 84.75
Day low	Rs 81.99
Last traded price	Rs 82.24, down 2.2% (NSE)
Volume in the IDBI Bank share price	About 99 lakh shares on NSE
52-week range	Rs 61.01 to Rs 118.38
Distance from the 52-week high	About 30.5% below (my calculation)
Distance from the 52-week low	About 34.8% above (my calculation)
Book value per share	About Rs 55.41, giving a price-to-book of about 1.48 times (my calculation)

The IDBI Bank share price is well below its 52-week high, but about 17% above the pre-bid close of Rs 70.38 on 18 May 2026 (my calculation). The 20-year record explains why the Fairfax news mattered so much to holders.

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IDBI Bank Share Price: The 20-Year Record in Numbers

Point in time	Price	Change to Rs 82.24 (my calculation)
IDBI Bank share price in Oct 2006	About Rs 87.00	About 5.4% lower
52-week low	Rs 61.01	About 34.8% higher
18 May 2026 close, before final bids	Rs 70.38	About 16.9% higher
Deal price offered by Fairfax	Rs 81.00	About 1.5% lower
14 Oct 2026 close	Rs 90.44	About 9.1% lower
52-week high of the IDBI Bank share price	Rs 118.38	About 30.5% lower

These are price changes only, and dividends would add a small amount. I did not find a source that explained the 20-year stagnation in detail. The background is clear from the history: IDBI began in 1964 as a development finance institution, became a bank in 2004 and turned to a private sector bank in 2019 after LIC stepped in as promoter amid poor financial health.

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Fairfax Deal Terms Behind the IDBI Bank Share Price

Term	Detail
Buyer	Fairfax Financial Holdings, Toronto, led by Prem Watsa
Stake	60.72% of IDBI Bank
Value	Rs 52,878 crore, about $5.56 billion; many reports round it to Rs 53,000 crore
Price per share	Rs 81
Seller split	Government sells 30.48% and keeps 15%; LIC sells 30.24% and keeps 19%
Approval	Cabinet Committee on Economic Affairs cleared it; RBI fit-and-proper process still pending
Expected completion	By March 2027
Open offer	Mentioned in one report as an exit option for minority holders; price and timing not found

Finance Minister Nirmala Sitharaman called it a restructuring and not a disinvestment, because the government stays invested. Employee unions have opposed the sale, which adds uncertainty to the IDBI Bank share price, arguing the price is too low. The premium is described differently across sources: one report gives a premium of about 15% to the Rs 70.38 close before final bids, and the same Rs 81 sits below the market price after the rally, which is why the IDBI Bank share price trades near the offer.

Conditions Fairfax Must Meet

Condition	Detail
Stake glide path	Cut holding to 26% over 15 years, to be finalised with the RBI
Bank name	Keep the IDBI Bank name for 3 years after completion
Lock-in	Invested capital locked in for 5 years
LIC	Cut its residual stake from 19% to 15% within 2 years
CSB Bank	Fairfax holds 40% via FIH Mauritius Investments; it must merge CSB Bank with IDBI Bank or exit within 2 years
Government 15%	To be sold on the open market through the Alternative Mechanism

The government wants Rs 80,000 crore from disinvestment in FY27 and had raised Rs 55,757 crore before this deal. A stake that is sold in the open market later can add supply, which is a risk to the IDBI Bank share price.

Risk: The open offer price, the RBI approval timeline and the share of minority holders who tender are not final. A delay or a lower than expected offer can pull the IDBI Bank share price toward the pre-deal range.

What Experts Say About the IDBI Bank Share Price

Expert	View	Levels
Shitij Gandhi, SMC Global Securities	Consolidating in a broad range; cautiously bullish above Rs 85	Support Rs 85 to Rs 86, then Rs 80; resistance Rs 96; breakout targets Rs 100 to Rs 106; a break below Rs 80 may expose Rs 76 to Rs 72
Sachin Gupta, Choice Broking	A move above Rs 90 keeps the recovery intact; profit booking near resistance possible	Support Rs 84 to Rs 85; resistance Rs 96, then Rs 100
Vaishnavi Shukla, YES Securities	Broke convincingly above the 200 SMA	Target Rs 98; buy on dips to Rs 87 to Rs 88 with a stop below Rs 83

These are technical levels from 15 Oct, when the stock was near Rs 85 to Rs 90, and the IDBI Bank share price has since moved below the YES Securities buy zone. I did not find any fundamental target price from a brokerage, so the table is not a valuation view.

IDBI Bank Results and Valuation Context

Item	Latest data
Q1 FY27 net profit	Rs 2,115 crore, up 5% year on year, helped by a provision write-back of Rs 636.89 crore
Q1 FY27 net interest income	Rs 3,486 crore, up 10% year on year and down 9% quarter on quarter
Q2 FY27 net profit	Up about 4% quarter on quarter and down about 39% year on year, because the year-ago quarter included a Rs 1,699 crore NSDL gain
Total business (Q2 update)	Rs 6.27 lakh crore, up 18%
Deposits	Rs 3.56 lakh crore, up 17%
Net advances	Rs 2.72 lakh crore, up 18%

At the Rs 81 deal price the 100% value of the bank works out to about Rs 87,000 crore, or roughly 1.46 times book value (my calculation from market capitalisation and book value, which I could not tie to one filing). The Q2 profit drop on a yearly basis comes from a high base and both the 4% and 39% figures are correct.

What to Watch Next for the IDBI Bank Share Price

1. The open offer price, size and dates once the regulator filings appear
2. RBI approval, the fit-and-proper outcome and the CSB Bank decision
3. Whether the IDBI Bank share price holds the Rs 80 support and the Rs 81 deal price
4. Resistance near Rs 96 and Rs 100 if buying returns
5. Progress on the 15% government stake sale and LIC's cut to 15%

Conclusion

The IDBI Bank share price is near its 2006 level, and the Fairfax deal at Rs 81 gives a clear reference price and a change of control. The next steps are RBI approval, the open offer and how Fairfax improves returns. Compare the deal price, book value and results before drawing conclusions about the IDBI Bank share price.

Frequently Asked Questions

Why has the IDBI Bank share price given almost no returns in 20 years?

Ans. The stock traded near Rs 87 in Oct 2006 and is near Rs 82 now, a price change of about minus 5%. IDBI moved from development finance to a bank and then to a private bank under LIC in 2019 after financial stress.

What is the IDBI Bank share price today?

Ans. The stock last traded at Rs 82.24 on NSE on 19 Oct 2026, down about 2.2% from Rs 84.12, within a 52-week range of Rs 61.01 to Rs 118.38.

How much is Fairfax paying, and what does it mean for the IDBI Bank share price?

Ans. Fairfax will pay Rs 52,878 crore for 60.72% of the bank, which is Rs 81 per share, and the deal needs RBI clearance with completion expected by March 2027.

Will an open offer change the IDBI Bank share price?

Ans. One report says the deal includes an open offer as an exit for minority holders, but I could not find the price or timing, so check the exchange filings.

What do experts say about the IDBI Bank share price?

Ans. Technical experts quoted on 15 Oct see support at Rs 80 and Rs 84 to Rs 86, with resistance at Rs 96 and Rs 100 and a YES Securities target of Rs 98.

What are the risks to the IDBI Bank share price?

Ans. RBI approval delays, an unclear open offer, supply from the government's 15% stake sale, and Fairfax's need to merge or exit CSB Bank.

Did profit fall in Q2 FY27, and how did the IDBI Bank share price react?

Ans. Net profit rose about 4% from the previous quarter and fell about 39% from a year earlier, because the year-ago quarter had a Rs 1,699 crore NSDL gain.

Is this article investment advice?

Ans. No. It is educational and not a recommendation to buy or sell.