Today on the NSE, IFCI shares traded at Rs. A new record high of 91.49 was reached. A sharp rise in three sessions saw the company’s market capitalization rise to Rs. 5,660 crore has been added, taking it to Rs. 24,650 crore has been stretched to more than.
The rally was fueled by the fact that IFCI holds a 52.86% stake in Stock Holding Corporation of India (SHCIL), which, in turn, held a 4.4% stake in the NSE in the December quarter. Through its controlling interest in SHCIL, IFCI enjoys indirect exposure to the NSE, making its stock particularly vulnerable to the exchange’s IPO-related developments.
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NSE to file IPO papers tomorrow?
The National Stock Exchange is likely to file its draft red herring prospectus (DRHP) for its maiden public issue by Thursday, CNBC-TV18 reported citing sources. The report said the DRHP will be finalized by today, after which NSE’s board will meet and ratify the filing of the DRHP. People familiar with the matter further told a business news channel that the IPO valuation is Rs. 5 lakh crore and the exchange is planning to list between Navratri and Diwali by November this year.
The Economic Times Could not independently verify the report.
The NSE, along with Reliance Industries’ Jio Platforms, is likely to file its respective IPO papers with Sebi this week, Business Standard reported earlier citing people familiar with the matter.
The proposed public issue is expected to rank among the largest IPOs in the history of India’s capital market. The listing will provide a liquidity event for many long-term institutional investors while marking a major milestone for the country’s leading stock exchange.
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Earlier this year, Sebi approved a no-objection certificate (NOC) for NSE’s much-awaited IPO, clearing a key regulatory hurdle that had delayed the process for years. The development is particularly significant for IFCI due to its indirect ownership in the exchange through SHCIL.
IFCI share price performance
IFCI shares have gained 68% so far in 2026 and 41% in the last one month alone. In the long horizon, the stock has returned 638% in three years and 577% in five years.
The company currently has Rs. Has a market capitalization of over 24,650 crores.
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