NSE IPO Optimism Sends IFCI Shares To Record High With Over 8% Surge; Stock Up 35% In 1 Month
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IFCI shares surged over 8% to a record high as optimism around NSE’s proposed IPO boosted sentiment. The stock has gained 35% in a month, with IFCI’s stake in Stock Holding Corporation of India giving it indirect exposure to NSE.
IFCI shares jumped more than 8% on Friday, September 4, to hit a record high as investors bet on the potential benefits of the proposed National Stock Exchange (NSE) IPO.
The stock opened at ₹96.01 on the BSE and rose as much as 8.4% to ₹103.95, its new all-time high.
The gains add to a strong run for the stock. IFCI is now 125% above its 52-week low of ₹46.20, hit in December last year. The stock has gained more than 14% in a week and 35% in a month. It is up 91% in six months and more than 97% in a year. Over five years, IFCI has gained around 794%.
Why is IFCI share price rising?
The NSE IPO is the main factor behind the recent interest in IFCI. IFCI owns more than 50% of Stock Holding Corporation of India (SHCIL). SHCIL, in turn, owns more than 4% of NSE. This gives IFCI indirect exposure to the stock exchange.
Investor interest in the NSE listing increased after SEBI Chairman Tuhin Kanta Pandey said the regulator was close to approving NSE's draft red herring prospectus (DRHP).
Any progress on the IPO could affect how the market values IFCI's holding through SHCIL.
NSE IPO details
NSE filed its draft prospectus in June for a public issue comprising an offer for sale (OFS) of up to 14.89 crore shares. Each share has a face value of Re 1, with the issue representing nearly 6% of NSE's paid-up equity capital.
The selling shareholders include State Bank of India, MS Strategic (Mauritius) Limited, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, Bank of Baroda, Stock Holding Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company and United India Insurance Company.
The proposed IPO has also brought NSE's valuation and growth prospects into focus.
NSE financial performance
NSE's revenue from operations rose to ₹16,601 crore in FY26 from ₹14,780 crore in FY24. Its net profit increased to ₹10,302 crore from ₹8,305 crore during the same period.
However, profit fell 15% year-on-year in FY26 from ₹12,188 crore in FY25. The decline came partly after SEBI tightened regulations around equity derivatives trading.
For IFCI, the NSE IPO remains important because of its stake in SHCIL. With SEBI moving closer to clearing NSE's IPO documents, further updates on the listing process could keep IFCI shares in focus.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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