IFCI, New India Assurance Shares Jump After Report on NSE Listing Timeline
5paisa Capital Ltd
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Last Updated: 4th September 2026 - 04:53 pm
Shares of IFCI and New India Assurance Company jumped on Friday after report surfaced that National Stock Exchange would list at 25th September.
Invest in Indian Markets and Unlock Future Potential With 5paisa!The news came after CNBC-TV18 reportedly said that the Securities and Exchange Board of India (SEBI) is likely to clear National Stock Exchange initial public offering next week and the NSE would file an updated Draft Red Herring Prospectus (DRHP) with the SEBI after the clearance.
The report also said the IPO price band could be announced on September 11. NSE is targeting a market debut on September 25, CNBC-TV18 reported, adding that the exchange had written to SEBI and was awaiting a response. The developments triggered buying interest in companies that hold exposure to the exchange through direct or indirect shareholding.
Around noon, IFCI shares were trading at Rs 106.95 on the NSE, up 11.51 percent. Investors are focusing their attention on this stock, as IFCI holds a 52 percent stake in Stock Holding Corporation of India Ltd (SHCIL), which has a 4.4 percent stake in the NSE itself. New India Assurance Company also witnessed strong gains.
The stock jumped to Rs 224.41, a rise of 14.89 percent. The insurer owns 1.42 percent stake in the exchange, making it one of the firms likely to gain if the exchange goes ahead with its long-awaited listing.
Interest in both counters increased after the report on NSE's proposed listing schedule. The market reaction reflected investor focus on companies that have ownership links to the country's largest stock exchange.
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