(Or, use the Actions>New Folder menu option).
But it cannot create multiple folders (or their subfolders) at a time.
This can be done with a small utility called Text2Folders
This article explains how to use the utility:
1. Follow the link above and download the utility.
2. Unzip the two files and place them in any installation folder.
3. To run the application, double-click on the exe file.
The application works in two steps. Each step has further two options:
1. Specify where you want to create the folders (and optionally, subfolders).
(either paste a path in the box, or browse to the target folder)
2. Provide the names of the folders (and optionally, subfolders).
(either specify a text file that has these names; or type the names in a multi-line box, using a separate line for each name)
To create subfolders, use relative paths with backslashes (\).
For example, the following list-
-will create two folders in the current folder, called Folder1 and Folder2. Then it will create two subfolders in each of these folders.Folder1
The Text2Folders utility also has a commandline mode, as explained below:
If your folders are likely to have spaces in their names, then use-
> AbsolutePathForText2Folders.exe "$P" "$F"
If you don't want to use a text file with the list of folders, then use-
> AbsolutePathForText2Folders.exe "$P"
NOTE: In the above commands, replace "AbsolutePathFor" with the absolute path of the Text2Folders executable. In case the path has any spaces, enclose the entire path in double quotes " ".
> "D:\Util\Folder applications\Text2Folders.exe" "$P" "$F"
Use the Customize>User Commands>Organize... menu option to-
1. Apply a custom icon and place it on the toolbar.
2. Apply a keyboard shortcut
Thanks to Trollpk for providing the inputs.