Sources told CNBC-TV18 on Friday that the NSE IPO may receive the Securities and Exchange Board of India’s (SEBI) approval next week.
NSE is likely to file an updated prospectus soon after it receives the approval, sources said. The exchange may reveal the IPO price band on September 11 and the management is looking at it being listed on September 25, sources added.
Investors have been awaiting updates on the NSE IPO ever since it filed its draft red herring prospectus (DRHP) with the market regulator in June. Here’s how shares of New India Assurance Company and IFCI are faring ahead of the IPO dates announcement:
New India Assurance Company
New India Assurance Company holds up to 60 lakh equity shares of face value of ₹1 each in NSE, as per its DRHP. At the end of the June quarter, New India Assurance Company held 1.42% stake in NSE. NIACL is classified as a selling shareholder in the NSE DRHP.
The stock gained as much as 19.5% to hit an intraday high of ₹232.74 apiece on Friday. This is its biggest single-day gain for the stock since April 10, 2026, when the stock surged 19.8%.
Shares of the state-run company has gained 32% in the last one month, 24% this week, and 65% over the last six months, as a result of which, the stock also turned positive on a year-to-date basis and is now up 46% so far for the year.
IFCI
IFCI-led Stock Holding Corporation of India, also classified as a selling shareholder in the NSE DRHP, held up to 1.09 crore equity shares of face value ₹1 each in NSE, as per the DRHP. At the of June, its holding in NSE was at 4.44%.
IFCI shares gained 12.1% to hit an intraday and fresh 52-week high of ₹107.5 apiece on Friday. The stock had gained 12.7% on Wednesday, September 2, 2026 as well. With this, the stock has also gained nearly 20% this week.
With this move, the stock has now doubled on a year-to-date basis, gaining 101%. 40% of those gains have come in the last one month.
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