IFCI (IFCI)
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Equirus pegs NSE IPO below Rs 2,000 as IFCI rallies 6%
Equirus projects NSE's IPO valuation at below ₹2,000 per share, while IFCI shares surged 6% to multibagger status after SEBI approval. The IPO could raise up to ₹30,000 crore via a 6% dilution, with grey market premium jumping to ₹285, signaling strong investor interest.
IFCI shares surge 11% to near ₹100, first time in 18 years
IFCI Ltd's shares jumped 11% on Wednesday, reaching a 52-week high and nearing the ₹100 mark for the first time in 18 years. The stock led gainers in the 'A' group, with trading volumes surging as investors piled in. The rally marks a significant milestone for the state-owned non-banking financial company.
NSE lists at ₹1,818, becomes world's sixth-largest bourse
NSE made a strong debut, listing 2% higher at ₹1,818 and vaulting to become the world's sixth-largest exchange with a $47 billion market capitalization. The listing drove BSE turnover to a 27-month high, while Chairman Ashishkumar Chauhan said the exchange sees no change in its duties as a listed entity. Prominent winners from the listing include Damani, Premji, and LIC.
IFCI shares fall 4% on reports of lower price band for NSE IPO
At 9:27 am, IFCI shares were trading 4.01% lower at Rs 88.90 on the NSE, compared with their previous close of Rs 92.61. The stock opened at Rs 92.50, touched a high of Rs 93.56 and slipped to an intraday low of Rs 88.31. The stock underperformed the broader market, with the Nifty 50 trading about 0.5% lower during the same period.
NIACL, IFCI shares plunge 14% as profit booking hits
Shares of New India Assurance Company (NIACL) and IFCI fell up to 14% on September 8, 2026, amid profit booking after recent gains. NIACL led losers in the 'A' group, while the NSE IPO grey market premium also dipped, reflecting broader market caution.
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