NSE IPO impact: IFCI shares recover 6% after last session's crash

NSE filed its DRHP with SEBI for a mega IPO valued at about $3 billion, entirely through an offer for sale of up to 14.89 crore shares. NSE unlisted shares are trading at about Rs 1,950-2,055, implying a valuation of nearly Rs 5 lakh crore. IFCI shares jumped around 6% to Rs 87.50, as the company holds a 52.86% stake in Stock Holding Corporation, which in turn holds 4.4% of NSE and plans to sell about Rs 2,238 crore worth of NSE shares via the OFS.