NSE IPO: IFCI, IDBI Bank, SBI, other stocks gain up to 3% as NSE files for India's largest IPO. Who else is selling stake?

Published 18 June 2026 · finance

Shares of IFCI, IDBI Bank, SBI and others rose up to 3% on Thursday after the draft IPO papers filed by the Stock Exchange (NSE)

Shares of IFCI, IDBI Bank, SBI and others rose up to 3% on Thursday after the draft IPO papers filed by the Stock Exchange (NSE) named the companies as the selling shareholders in the OFS component of the public issue that is expected to be India’s largest in history.IFCI was the top gainer, rising 3% to Rs 92.60. Bank of Baroda followed suit, up over 2% at Rs 287. SBI traded marginally higher, while HDFC Life rose over a percent to Rs 589 per share. IDBI Bank, following its stellar 20% rise in the previous session, dipped over 4% on Thursday.NSE filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI on Wednesday, setting the ball rolling for an IPO that has been delayed for nearly a decade. The maiden public issue of the stock exchange will entirely comprise an offer for sale (OFS) of up to 14.89 crore shares or a 22.5% stake, expected to be worth around $3 billion.IDBI Bank has been listed out as the largest listed selling shareholder in the OFS, as it aims to offload nearly 74.16 lakh shares in the NSE through its IPO. State Bank of India follows, offering 64.28 lakh shares, while IFCI offers 34.32 lakh shares.

Bank of Baroda meanwhile aims to offload 10.99 lakh shares via the OFS.HDFC Standard Life Insurance Company, which is now known as HDFC Life Insurance Company, is offering 24.75 lakh shares. Bajaj Holdings & Investment meanwhile is selling 20.40 lakh shares via the OFS.Also read: NSE files DRHP for mega $3 billion IPO, SBI among 10 investors to sell stakeSharp surge in IFCI, IDBI Bank shares ahead of NSE IPO filingNotably, these stocks have seen significant surge in recent days amid rising buzz over NSE soon filing its DRHP. IDBI Bank shares rallied more than 17% on Wednesday, surging 24% in one week and 29% in one month.IFCI shares jumped nearly 28% in one week and 45% in one month to hit fresh record highs. The rally was driven by the fact that IFCI owns a 52.86% stake in Stock Holding Corporation of India (SHCIL), which in turn, holds 4.4% of NSE as of the December quarter. Through its controlling interest in SHCIL, IFCI enjoys indirect exposure to NSE, making its stock particularly sensitive to developments related to the exchange’s IPO. SBI, Bank of Baroda, HDFC Life Insurance Company and Bajaj Holdings & Investment shares have gained 3-7% in one week amid the rising buzz around NSE IPO and overall optimism in stock markets.Also read: 10 key things investors need to know about NSE IPOWho are the other selling shareholders in NSE IPO?Tiger Global Five Holdings has been named as the largest shareholder participating in NSE’s IPO, as it aims to sell 1.48 crore shares via the OFS.