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IDBI Share Price Today: IDBI Bank shares were back in the spotlight on Wednesday, rising sharply in an otherwise flat market, as investors once again bet on progress in the long-pending strategic stake sale.

The stock was trading at Rs 109.23 on the NSE at 1:55 pm, up 6.83 per cent, after touching an intra-day high of Rs 112.28 earlier in the session. The gains came even as the BSE Sensex slipped marginally, underlining the stock-specific nature of the move.

IDBI Bank is now trading not far from its 52-week high of Rs 118.45, hit earlier in January.

Volumes surged sharply during the session. Average trading volumes jumped more than four times, with around 4.15 crore shares changing hands across the NSE and BSE. This accounts for roughly 7.3 per cent of the bank’s public shareholding, indicating strong churn in the counter.

Market participants attributed the spike to renewed positioning ahead of a potential breakthrough in the bank’s privatisation process.

As of December 31, 2025, LIC held 49.24 per cent stake in IDBI Bank, while the Government of India owned 45.48 per cent, taking the combined holding to 94.71 per cent. Both shareholders have wanted to exit the bank via a strategic sale, with management control to be handed over to the new owner. The process of stake sale is being handled by the Department of Investment and Public Asset Management (DIPAM) and has been ongoing since October 2022, when expressions of interest were invited. While several procedural steps have been completed, the transaction is yet to reach closure.

The final size of the stake to be sold by LIC and the Centre will be decided at the time of structuring the deal, in consultation with the Reserve Bank of India and other regulators, the bank has said earlier.

Sentiment also drew support from the Union Budget 2026–27, which pegged the government’s disinvestment and asset monetisation target at Rs 80,000 crore for FY27. This is indicative of a sharp rise over the revised FY26 estimate along with large-ticket transactions like that of IDBI Bank is expected to play a key role.

Finance minister Nirmala Sitharaman noted that the government would go for all cabinet-approved disinvestment proposals, indicating continuity on the privatisation front. Brokerages have also flagged the possibility of further stake dilution in select PSU banks to meet minimum public shareholding norms.

At the same time, IDBI Bank’s core performance has shown clear signs of strengthening. Rating agency ICRA has highlighted the steady recoveries from legacy stressed assets, a pattern that has supported to ease credit costs and support a pickup in profitability.

Consistent growth in advances, stronger core income and relatively benign provisioning have shored up the bank’s capital position. Recoveries from written-off accounts have also added to operating profits.