NSE IPO coming soon? IFCI shares rally 8% to fresh record high amid rising buzz around NSE filing DRHP this week

IFCI shares rallied nearly 8% to a record high of Rs 95.8 on renewed buzz around NSE filing its DRHP by Friday, with the stock gaining more than 51% in the past month. NSE's maiden IPO is expected to raise over Rs 20,000 crore through a pure offer for sale of 4-4.5% equity, implying a valuation of nearly Rs 5 lakh crore at unlisted market prices of Rs 1,950-2,050 per share. IFCI owns a 52.86% stake in SHCIL, which holds 4.4% in NSE, giving it indirect exposure to the listing targeted for November.