IFCI, NIACL shares jump as NSE's ₹22,569-cr IPO opens

IFCI and New India Assurance shares jumped as much as 9% as NSE's ₹22,569-crore IPO opened on September 17. NIACL is selling 1.05 crore NSE shares, while IFCI has indirect exposure through its majority stake in SHCIL, which holds over 4% stake in NSE. GIC and Maithan Alloys also have stakes in the exchange.