IFCI Share Price Jumps Up to 11% After the National Stock Exchange of India Moves Closer to IPO

IFCI share price surged sharply on Friday, even as the broader market remained weak. The rally came after the National Stock Exchange of India (NSE) appointed 20 merchant bankers for its long-awaited initial public offering (IPO), boosting investor sentiment.

The development is important for IFCI because the company holds an indirect stake in NSE, which could benefit if the exchange goes public.

IFCI Share Price Movement

The stock of IFCI Limited opened around 2% higher at ₹55 on the National Stock Exchange of India. During the trading session, the share price climbed to an intraday high of ₹59.83, marking a gain of nearly 11%.

By around 10:45 AM, the stock was trading at ₹57.19, still about 6% higher, while the Nifty 50 index was down nearly 1.2%.

NSE Appoints 20 Bankers for IPO

The main trigger behind the rally was the announcement by the National Stock Exchange of India that it has appointed 20 investment bankers, along with legal advisors and other intermediaries, for its planned IPO.

The selection was approved by the exchange’s IPO committee, headed by Srinivas Injeti, the chairman of NSE.

According to reports, the exchange may file its IPO papers with the Securities and Exchange Board of India (SEBI) within the next 2 months, and the listing could take place before the end of this year.

IFCI’s Indirect Stake in NSE

IFCI Limited has exposure to NSE through its subsidiary Stock Holding Corporation of India Limited (SHCIL).

• IFCI owns 52.86% stake in SHCIL
• SHCIL holds about 4.4% stake in NSE

Because of this indirect shareholding, investors expect IFCI to benefit if the exchange goes public.

Record Number of Bankers for IPO

The appointment of 20 merchant bankers for the NSE IPO is one of the largest ever for an Indian public offering.

The earlier record was held by ICICI Prudential Asset Management Company, which had appointed 18 bankers for its ₹10,600 crore IPO in December 2025.

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Conclusion

Shares of IFCI Limited rallied strongly despite a weak market as investors reacted positively to progress in the National Stock Exchange of India IPO process. 

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