ETMarkets.com IFCI Share Price rally 6% after NSE IPO Buzz Synopsis IFCI Share Price: IFCI shares surged over 6% as optimism around the long-awaited NSE IPO boosted investor interest in the state-owned financial services company, which indirectly holds more than 4% of NSE through SHCIL.
The stock has rallied nearly 35% in a month, while NSE’s potential IPO valuation and regulatory risks remain key factors for investors.
By Ritesh Presswala, ETMarkets.com XPeers BSE Share Price Multi Commodity Exchange of India Share Price Indian Energy Exchange Share Price Last Updated: Sep 04, 2026, 11:28:00 AM IST Follow us Shares of IFCI jumped as much as 6.35% to Rs 102 on the NSE on Friday, as growing optimism around the long-awaited NSE IPO put the spotlight on the state-owned financial services company’s indirect exposure to the exchange.ADVERTISEMENT The latest surge adds to a strong recent run for the stock.
IFCI shares have rallied nearly 35% over the past month, reflecting growing investor interest as expectations build that NSE could finally move closer to its much-anticipated public listing.IFCI owns more than 50% of Stock Holding Corporation of India (SHCIL), which in turn holds over 4% of NSE.
This gives IFCI an indirect stake in the country’s largest stock exchange and makes its shares particularly sensitive to developments surrounding NSE’s proposed IPO.
NSE IPO moves closer?
The IPO story gained fresh momentum after Sebi Chairman Tuhin Kanta Pandey said the regulator was close to approving the draft red herring prospectus (DRHP) filed by NSE.The potential listing has already attracted significant market attention.
A Bloomberg report last month said NSE is seeking a valuation of up to Rs 5.26 lakh crore ($55 billion) for the proposed IPO.ADVERTISEMENT NSE had filed its draft prospectus in June for an offering that will comprise entirely of secondary share sales by existing shareholders.
A successful and richly valued NSE listing could potentially shine a brighter light on the value of IFCI’s indirect holding through SHCIL.ADVERTISEMENT ADVERTISEMENT However, the outlook is not without risks.
In July, Dolat Capital Market initiated coverage on NSE with a bearish view, arguing that tighter regulations governing India’s equity derivatives market could weigh on trading volumes and potentially erode NSE’s market share.The brokerage also cautioned that NSE’s expected rich valuation leaves limited room for further upside.ADVERTISEMENT Meanwhile, NSE’s shares are proposed to be listed on the BSE, creating an interesting market structure: BSE shares are currently listed on NSE, while NSE shares would be listed on BSE.
Should you buy?ADVERTISEMENT IFCI share price and technical indicators IFCI shares have rallied nearly 35% over the past month, reflecting strong buying interest in the stock.
The company currently commands a market capitalisation of around Rs 25,970 crore, while its 52-week high stands at Rs 102.From a valuation perspective, IFCI’s price-to-earnings (P/E) ratio stands at 148.14, while its price-to-book (P/B) ratio is 1.67.On the technical front, IFCI’s 14-day Relative Strength Index (RSI) stands at 71.7.
An RSI reading above 70 is generally considered to indicate an overbought zone, suggesting that the stock could witness some profit-taking or a pullback after its recent sharp rally.The broader trend, however, remains bullish.
