SBI,New India Assurance, IFCI, Bank of Baroda & GIC RE are in focus ahead of NSE IPO; here is why

The IPO market is buzzing with the news about the NSE IPO, which is expected to be amongst the largest IPOs. The dates are yet to be announced, but stocks related to the NSE IPO listing are back in focus as the buzz picks up traction. The listed selling shareholder names have primarily seen strong traction after NSE filed its DRHP with the regulator for its maiden public offering. The IPO is expected to 100% offer-for-sale, with investors selling 148,90,5525 shares on the bourses. The valuation and issue size are yet to be determined, including the tentative issue price range and dates.

However, shares of selling shareholders have started getting traction ahead of NSE’s IPO. Here’s how the listed selling shareholders fared since the filing of the DRHP in June 2026.

State Bank of India

The country’s largest public sector bank will be the largest selling shareholder in the IPO, selling 2.47 crore shares in the public issue of National Stock Exchange in the coming month. The bank’s average acquisition cost stands at ₹0.8 per share. Meanwhile, since the submission of the DRHP on 17 June 2026, the shares have soared over 10% till 07 August. However, shares pared all the gains to currently trade flat near ₹1,023 apiece on the NSE. The bank holds a 4.4% stake in the company with 7.98 crore shares.

Bank of Baroda

Another public sector major, Bank of Baroda, will be selling 1.6 crore shares, the second-largest selling shareholder in the list. The Bank of Baroda share price has delivered subdued returns of -15% since June 17 to currently trade at ₹240 per share. Bank of Baroda has held NSE shares at the average cost of ₹0.54 per share. The public sector bank held 0.89% of the total stake in the company with 2.1 crore shares.

General Insurance Corporation

General Insurance Corporation will be selling up to 1.06 crore shares out of 4.07 crore shares it holds in the upcoming NSE IPO. The company acquired NSE shares at an average price of ₹5.26 per share. Since the filing of the DRHP, the company's shares have largely remained flat at ₹353 apiece on the NSE.

New India Assurance Company

The New India Assurance share price rose over 24% since the announcement of the NSE IPO. The company will be holds 1.52% stake in the NSE and will be shedding 1.05 crore shares, which were at the average cost of ₹0.32 per share. This is also one of the lowest average costs of acquisition.

IFCI Ltd

Though the company holds a stake in the company through a step-down route, the shares have received a strong response since the filing of the DRHP with the regulator. The company holds a 52% stake in Stock Holding Corporation of India, which is a selling shareholder for more than 1.09 crore shares. Since the filing of the DRHP, the shares of IFCI have rallied as much as 15% to date.

Apart from the above, LIC of India, Indian Bank, SBI Life Insurance, Tata Investment Corporation, HDFC Bank, Balkrishna Industries, and a few other companies hold small stakes in the company and are also expected to remain in focus post listing.