IFCI shares jump 27% in two sessions. Why is NSE IPO triggering a surge?

IFCI shares surged 27% over two sessions on renewed buzz around NSE's long-awaited IPO, with NSE expected to file its DRHP next week. IFCI holds a 52.86% stake in SHCIL, which in turn owns 4.4% of NSE, giving it indirect exposure to the listing. IFCI has gained 64% YTD and has a market cap of Rs 23,465 crore; the NSE IPO is expected to be one of the largest in India's capital market history.