NSE IPO kicks off: IFCI, NIACL, SBI, GIC RE, BOB shares gain up to 8%; here's why

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IFCI Ltd climbed 7.81 per cent to Rs 80.95 apiece. IFCI's step-down subsidiary Stock Holding Corporation of India Ltd (SHCIL) is looking to sell up to 6,187,500 equity shares in the NSE IPO, the Red Herring Prospect suggests.