IFCI shares rally 30% in 3 days, hit fresh record high amid buzz around NSE filing IPO papers by Thursday

The shares of IFCI jumped another 2% to hit a fresh 52-week high on Tuesday, with the recent bull run pushing the stock nearly 30% higher in just three sessions amid rising expectations that the National Stock Exchange (NSE) will soon file its draft IPO papers with market regulator SEBI.IFCI shares hit a new record high of Rs 91.49 apiece on the NSE today.

The sharp surge over the three sessions has added more than Rs 5,660 crore to the company’s market capitalisation, pulling it up to more than Rs 24,650 crore.The rally was driven by the fact that IFCI owns a 52.86% stake in Stock Holding Corporation of India (SHCIL), which, in turn, holds 4.4% of NSE as of the December quarter.

Through its controlling interest in SHCIL, IFCI enjoys indirect exposure to NSE, making its stock particularly sensitive to developments related to the exchange’s IPO.Also read: Bonus bonanza!

Last date to buy Brigade Enterprises shares for 1:3 bonus issue rewardNSE 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 that the DRHP will be finalised by today, after which NSE’s board will meet and ratify the filing of the DRHP.

People familiar with the matter further told the business news channel that the IPO valuation is set to be higher than Rs 5 lakh crore, and the exchange is planning to list by November this year, between Navratri and Diwali.The Economic Times couldn’t independently verify the report.

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 biggest IPOs in India's capital market history.

The listing would provide a liquidity event for several long-term institutional investors while marking a major milestone for the country's leading stock exchange.Also read: NSE's mega IPO!

Who can sell shares via OFS?

Check eligibility, deadlines and moreEarlier this year, SEBI granted a no-objection certificate (NOC) for NSE's much-awaited IPO, removing a key regulatory hurdle that had delayed the process for years.

The development is particularly significant for IFCI given its indirect ownership in the exchange through SHCIL.IFCI share price performanceIFCI shares have gained 68% so far in 2026 and have rallied 41% in the past one month alone.

Over a longer horizon, the stock has delivered returns of 638% in three years and 577% in five years.The company currently has a market capitalisation of more than Rs 24,650 crore.Also read: Will SpaceX's $75 billion IPO set the ball rolling for Reliance Jio and NSE listings in India?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

These do not represent the views of The Economic Times) ...