{
  "id": 6253485,
  "title": "NSE IPO Buzz Loses Steam, NIACL And IFCI Shares Plunge Up To 14% As Grey Market Premium Slides",
  "url": "https://urgent.news/2026/09/08/nse-ipo-buzz-loses-steam-niacl-and-ifci-shares-plunge-up-to-14-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T07:55:59.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/nse-ipo-buzz-loses-steam-niacl-and-ifci-shares-plunge-up-to-14-as-grey-market-premium-slides"
  },
  "original_language": "en",
  "account": "Mumbai: Shares of New India Assurance Company Ltd (NIACL) and IFCI experienced a notable decline on Tuesday, September 8, with NIACL plunging up to 14% and IFCI falling by nearly 10%, due to a sharp correction in the NSE IPO grey market premium (GMP). The NSE IPO GMP dropped from Rs 310 on September 5 to Rs 221 on September 8. NIACL, which holds a 1.42% stake in NSE, saw its shares plunge 13.71% to an intraday low of Rs 199.52, from Rs 231.20. IFCI, owning a 52% stake in SHCIL, which has a 4.4% stake in NSE, experienced a decline of nearly 10% to an intraday low of Rs 92.75. The decline in NIACL shares coincided with NIACL receiving a ₹189.37 crore tax demand notice, putting the stock in the spotlight ahead of the next trading session.",
  "summary": "Mumbai: Shares of New India Assurance Company Ltd (NIACL) and IFCI came under heavy selling pressure on Tuesday, September 8, falling as much as 14% as the NSE IPO grey market premium (GMP) witnessed a sharp correction. NIACL shares plunged 13.71% to an intraday low of Rs 199.52, compared with the previous close of Rs 231.20. At around noon, the stock was trading 9.50% lower at Rs 209.50 on the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}