Summary
The Asset Reconstruction Company (India) IPO will open on September 9, 2026, and close on September 11, 2026. The price band is ₹132-₹139 per share, and the offer size is ₹732.97 crore.
The company buys stressed assets from banks and financial institutions and attempts to resolve these assets. The lot size is 107 shares; the minimum investment is ₹14,873, and the maximum retail investment is ₹193,349.
For IPOs at the upper price band of ₹139, retail investors can invest a minimum of 1 lot (107 shares) and a maximum of 13 lots (1,391 shares).
The Asset Reconstruction Company (India) IPO is an offer-for-sale IPO having a size of ₹732.97 crore. The IPO will open for subscription on September 9, 2026, and close on September 11, 2026. The allotment basis will be announced on September 15, 2026, and the company’s shares will be listed on the BSE and NSE on September 17, 2026.
The price band for the IPO issue has been set at ₹132-₹139 per share. The minimum application quantity for retail investors is 107 shares, which will require an investment of ₹14,873 for one lot of 107 shares at the upper price band.
The maximum application quantity of shares by retail investors is 1,391 shares or 13 lots amounting to ₹1,93,349. This IPO is expected to receive interest from retail, non-institutional, and QIB investors.
Asset Reconstruction Company (India) IPO Key Details
Here is a quick look at the important details of the Asset Reconstruction Company (India) IPO:
| IPO Open Date | 9 September, 2026 |
| Close Date | 11 September, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹132 to ₹139 |
| Issue price | – |
| IPO Lot Size | 107 shares |
| Offer for sale | 5,27,31,946 shares |
| Fresh issue | – |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | 5,27,31,946 shares (₹732.97 cr) |
| Minimum Investment | ₹14,873 (107 shares) |
Asset Reconstruction Company (India) IPO Timeline
The key dates for the Asset Reconstruction Company (India) IPO are given below:
| Bidding Opens | 9 September, 2026 |
| Bidding Closes | 11 September, 2026 |
| Allotment Planned For | 15 September, 2026 |
| Refunds Start On | 16, September, 2026 |
| Share Credit to Demat | 16, September, 2026 |
| Listing Scheduled | 17, September, 2026 |
| Cut-off for UPI mandate | 11, September, 2026 5:00 PM |
Asset Reconstruction Company (India) Key Performance Indicators (KPIs)
Asset Reconstruction Company (India) KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROAE (%) (Return on average equity) | 13.95% | 13.59% | 12.99% |
| ROCE (%) | |||
| Debt-Equity (times) | 0.39 | 0.11 | 0.06 |
| RoNW (%) | 12.52% | 12.95% | 14.15% |
| PAT Margin (%) | 51.95% | 57% | 53.19% |
| EBITDA Margin (%) | 78.21% | 82.47% | 72.33% |
| Price Book Value |
Asset Reconstruction Company (India) Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 44608.51 | 32,638.15 | 27,953.36 |
| Revenue from operations | 7530.42 | 5964.23 | 5701.41 |
| Profit After Tax | 4078.44 | 3553.19 | 3053.41 |
Asset Reconstruction Company (India) IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Retail | Total |
|---|---|---|---|---|
| Sep 9 (Day 1) | 0.09 | 0.33 | 0.56 | 0.38 |
| Sep 10 (Day 2) | 0.09 | 0.59 | 0.84 | 0.57 |
Asset Reconstruction Company (India) IPO Grey Market Premium
The listing date for the Asset Reconstruction Company (India) IPO is expected on 17, September 2026, with a price range of ₹132- ₹139 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 10-09-2026 | ₹24 ─ | ₹163 (17.27%) | ₹2,568 | 10-Sep-2026 10:36 |
| 09-09-2026 Open | ₹24 ▼ | ₹163 (17.27%) | ₹2,568 | 9-Sep-2026 23:31 |
| 08-09-2026 | ₹30 ▲ | ₹169 (21.58%) | ₹3,210 | 8-Sep-2026 23:33 |
| 07-09-2026 | ₹27 ▲ | ₹166 (19.42%) | ₹2,889 | 7-Sep-2026 23:30 |
| 06-09-2026 | ₹0 ─ | ₹139 (0.00%) | ₹0 | 6-Sep-2026 23:35 |
| 05-09-2026 | ₹0 ─ | ₹139 (0.00%) | ₹0 | 5-Sep-2026 23:37 |
| 04-09-2026 | ₹0 ─ | ₹139 (0.00%) | ₹0 | 4-Sep-2026 23:37 |
| 03-09-2026 | ₹0 ─ | ₹139 (0.00%) | ₹0 | 3-Sep-2026 23:29 |
| 02-09-2026 | ₹0 ─ | ₹ (%) | 2-Sep-2026 10:40 |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Asset Reconstruction Company (India) IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | – |
| QIB | Not more than 50% of the offer |
| NIIs | Not less than 15% of the offer |
| Retail Investors | Not less than 35% of the offer |
| Total Shares | – |
Asset Reconstruction Company (India) IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 107 | ₹14,873 |
| Individual Investor – Maximum | 13 | 1,391 | ₹1,93,349 |
| S-HNI Minimum | 14 | 1,498 | ₹2,08,222 |
| S-HNI Maximum | 67 | 7,169 | ₹9,96,491 |
| B-HNI Minimum | 68 | 7,276 | ₹10,11,364 |
Asset Reconstruction Company (India) IPO Anchor Investors
The allotment status of the Asset Reconstruction Company (India) IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Asset Reconstruction Company (India) IPO Prospectus
For more information on the Asset Reconstruction Company (India) IPO, check the links below:
About Asset Reconstruction Company (India) IPO
Incorporation: 2002
Managing Director: Phanindranath Kakarla
Asset Reconstruction Company (India) Limited, or ARCIL, is a company that operates in the distressed assets and debt recovery industry. This company acquires distressed loans and financial assets from banks and financial institutions.
After acquiring them, the company seeks to realise value from the assets through methods such as restructuring, settlement, and the recovery of rights in the underlying securities. ARCIL is an asset reconstruction company offering services to corporates, SMEs, and the retail loan sector through various resolution strategies for different asset classes.
| Issue Registrar | MUFG Intime Pvt. Ltd. |
| Lead Manager | IIFL Capital Services Ltd, IDBI Capital Markets & Securities Limited, JM Financial Limited |
Asset Reconstruction Company (India) IPO Objectives
As the issue is entirely an offer for sale, the company will not receive any proceeds from the IPO. The entire offer proceeds will go to the selling shareholders.
Selling shareholders
| Name | Category | Number of shares offered | Amount |
| Avenue India Resurgence Pte. Ltd. | Promoter | 2,48,23,910 | 345.05 |
| State Bank of India | Promoter | 1,09,63,062 | 152.39 |
| Lathe Investment Pte. Ltd. | Corporate | 1,62,44,858 | 225.80 |
| The Federal Bank Ltd. | Corporate | 7,00,116 | 9.73 |
| Total | 5,27,31,946 | 732.97 |
Strengths of Asset Reconstruction Company (India)
Some of the major advantages of Asset Reconstruction Company (India) may provide investors with clues about its market positioning, operations, and performance.
- Good market position and good reputation: The company is recognised as India’s first ARC and has been in business for more than 20 years. Moreover, it is one of the largest ARCs in India, maintaining Net owned funds worth ₹25,768.72 million as of March 31, 2026. The company’s experience in the industry may help manage stressed assets.
- Financial performance: The company’s standalone profit after tax increased from ₹3053.41 million in FY24 to ₹3553.19 million in FY25 and ₹4078.44 million in FY26. In this period, it may be considered a strength for the company.
- Adequate capital and leverage: As per ARCIL’s annual report for FY26, the capital adequacy ratio stood at 65.31%. It has an adequate capital position. Further, the company’s debt-to-equity ratio was 0.39. An adequate capital structure helps a company deal with the challenges of stressed-asset acquisition and upcoming business opportunities.
- Diverse stressed-asset business: The company has operations across corporate, SME/other, and retail loans. Diversification of loans helps the company depend less on a particular loan type and access different stressed-asset options. Further, ARCIL uses various recovery methods, such as restructuring, settlements, and asset enforcement.
- Established recovery and collection strategy: The company has gained experience in the identification, acquisition, and resolution of stressed assets over the years. The company’s recovery strategy is supported by a collection framework and partnerships with banks and financial institutions.
Risks of Asset Reconstruction Company (India)
These risks will enable investors to make a more informed decision before submitting an application to purchase the shares during the initial public offering.
- Over-reliance on AUM: The income and profit of ARCIL are highly dependent on the nature and performance of its AUM. The poor performance of its AUM and lower recoveries will directly impact its management fee and investment income. The company’s ROE stood at approximately ₹7,530 million in fiscal year’26.
- High Concentration in Corporate Loans: 68.75% of ARCIL’s AUM is in corporate loans. It implies that the company has a high portfolio concentration in stressed assets of big corporates.
- Long and Inconclusive Recovery Process: Recovering stressed assets may take considerable time and even involve legal measures. Delays in processes such as IBC and SARFAESI can delay recoveries and tie up the capital for a long time. This may bring uncertainty to the company’s income and cash flow generation.
- Growing Borrowings and Financial Costs: ARCIL’s borrowings have increased from approximately ₹ 1,499.47 million in FY24 to ₹12,054.95 million in FY26. High borrowings may create financial pressure for the company in case of delayed or poor recovery.
- No New Capital Raising through Offered Shares: For the ₹732.97 crore IPO, the entire amount will be an offer for sale. It means that the issuer cannot raise any capital from offered shares. The entire amount of capital raised will go to the selling shareholders.
Asset Reconstruction Company (India) IPO Review
ARCIL (India) Ltd is involved in the resolution of stressed assets, where it buys financial assets from banks and other institutions and seeks to revive their value through restructuring, settlements, and recovery.
The company is into corporate, SME and retail loans, which makes it exposed to various kinds of stressed assets. Its Financial performance has improved, with total income of ₹7850.77 million and PAT of ₹4078.44 million in FY 2026. The company also reported an average net worth of ₹29235.95 million during the same period.
The entire offer is just an offer for sale; hence, proceeds of the issue will go to the existing stockholders and not to the company. The company’s business is still dependent on recovery timeframes, portfolio quality, regulatory issues, and the availability of stressed assets in the financial market.
Other Recent IPO List
Stay updated on upcoming IPOs in India and explore new investment opportunities.
| Glass Wall Systems (India) IPO | Pranav Constructions IPO |
| Farm Peace IPO | Deepa Jewellers IPO |
| Paluck Technologies IPO | Ashutosh Fibre IPO |
| Phychem Technologies IPO | Purple Style Labs IPO |
Asset Reconstruction Company (India) IPO FAQs
The Asset Reconstruction Company (India) Ltd. IPO is a book-building for the sale of securities by existing shareholders of ARCIL. The IPO has an issuance size of ₹732.97 crore, with shares being offered in the price range of ₹132 to ₹139. The company does not raise any money from the IPO issuance.
Investors can apply for the IPO through the ASBA route via their bank or stockbroker. Applications may also be made through UPI-enabled IPO applications. A demat account with sufficient balance in the linked bank account is required.
There are some strengths in the company’s business, including ARCIL’s experience in asset reconstruction and resolving stressed assets. However, the company’s business operations face risks of recovery delays, asset risks, and regulatory changes.
It is impossible to predict the returns that the company will have from its IPO. The listing price will depend on a variety of factors, including market conditions, investor interest, the company’s valuation, and market sentiment. Grey market premium may be available, indicating market expectations, but it still does not guarantee any return on listing or future gains.
The initial public offering will open for subscriptions starting September 9, 2026, and will continue through September 11, 2026. Applications from investors will be accepted during this period in accordance with the IPO criteria.
The minimum number of shares per application is 107. Having a maximum price of ₹139, one lot will be worth ₹14,873. Retail investors will be able to apply for more than one lot, provided that the total is within the limits of retail investment.
Allotment of the shares is likely to take place by September 15, 2026. Investors can view their allotment position on the IPO registrar’s or stock exchange’s website using their application or PAN number. The exact date may vary depending on the processing schedule.
The listing of the shares is anticipated to take place on September 17, 2026. The listing price will depend on market demand and supply at the time of listing. The actual market price may differ from the IPO price.
