Shares of The New India Assurance Company and IFCI rose up to 5 percent on Monday amid reports that the National Stock Exchange (NSE) is likely to file its draft red herring prospectus (DRHP) for its initial public offering (IPO) this week.

The NSE is likely to file its IPO papers this week.

The New India Assurance Company holds a 1.42 percent stake in the NSE.

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IFCI, a public sector non-banking financial company (NBFC), holds a 52 percent stake in Stock Holding Corporation of India Ltd (SHCIL), which in turn owns a 4.4 percent stake in the NSE.

Shares of The New India Assurance Company settled at Rs 160.52 per share on the NSE, up 5.05 percent. During the day, the stock climbed 7.46 percent to Rs 164.20 per share. The stock has been gaining for the last two trading sessions following reports on the NSE's DRHP filing

Shares of IFCI settled at Rs 89 per share, up 5.24 percent.

The proposed NSE IPO is expected to be structured as an offer for sale, with no fresh capital being raised by the exchange.