IFCI shares rally 30% in 3 days, hit fresh record high amid buzz around NSE filing IPO papers by Thursday ETMarkets.com Aluminium and power stocks draw focus after the Vedanta demerger.
Synopsis Vedanta’s Rs 2 lakh crore demerger has sparked renewed interest in its aluminium and power businesses, prompting investors to reassess value creation opportunities.
Market focus is shifting towards which segment offers stronger long-term growth, profitability, and sectoral tailwinds as the restructuring reshapes the company’s standalone business prospects and investor positioning.
By Debaroti Adhikary, ETMarkets.com XPeers IFCI Share Price Tourism Finance Corporation of India Share Price Last Updated: Jun 16, 2026, 11:59:00 AM IST Follow us 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.ADVERTISEMENT 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.
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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.ADVERTISEMENT The proposed public issue is expected to rank among the biggest IPOs in India's capital market history.
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Check eligibility, deadlines and moreADVERTISEMENT ADVERTISEMENT Earlier 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 performance IFCI shares have gained 68% so far in 2026 and have rallied 41% in the past one month alone.
