Asset Reconstruction IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. Asset Reconstruction IPO is a Book build Issue. The company to raise around ₹732.97 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 5,27,31,946 equity shares with face value of ₹10 each.
Asset Reconstruction IPO price band is ₹132 to ₹139 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Asset Reconstruction IPO to list on BSE NSE on September 17, 2026. The allotment of Asset Reconstruction IPO date is September 15, 2026.
The company reported revenue of ₹749.92 crores in 2026 against ₹607.84 crores in 2025. The company reported profit of ₹322.69 crores in 2026 against profit of ₹309.24 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
The Asset Reconstruction Company (India) Limited IPO, popularly known as the ARCIL IPO, is a mainboard public issue opening for subscription from September 9 to September 11, 2026. The IPO has a total issue size of up to ₹732.97 crore and comprises entirely of an Offer for Sale (OFS).
The price band has been fixed at ₹132 to ₹139 per equity share, while the shares are proposed to be listed on both the NSE and BSE on September 17, 2026.
Asset Reconstruction Company IPO – Key Details
| Particulars | Details |
|---|---|
| Company Name | Asset Reconstruction Company (India) Limited |
| IPO Type | Mainboard IPO |
| Issue Type | Book Building |
| IPO Size | ₹732.97 crore |
| Fresh Issue | Nil |
| Offer for Sale | Up to 5,27,31,946 shares |
| Price Band | ₹132 – ₹139 per share |
| Face Value | ₹10 per share |
| Lot Size | 107 shares |
| Minimum Investment | ₹14,873 |
| IPO Opening Date | September 9, 2026 |
| IPO Closing Date | September 11, 2026 |
| Allotment Date | September 15, 2026 |
| Share Credit/Refund | September 16, 2026 |
| Listing Date | September 17, 2026 |
| Listing Exchanges | NSE & BSE |
At the upper price band of ₹139, one lot of 107 shares requires an investment of ₹14,873.
About Asset Reconstruction Company (India) Limited
Asset Reconstruction Company (India) Limited, or ARCIL, is an asset reconstruction company engaged in acquiring stressed assets from banks and financial institutions.
The company works on resolving stressed assets through strategies such as restructuring, settlement and enforcement of security interests. Its business covers corporate loans, SME and other loans, and retail loans.
ARCIL was incorporated in 2002 and commenced business in 2003. Its IPO is significant because it is set to become India's first publicly listed asset reconstruction company.
Asset Reconstruction Company IPO Issue Size
The IPO comprises an Offer for Sale of 5,27,31,946 equity shares, aggregating up to ₹732.97 crore at the upper price band.
Importantly, there is no fresh issue component in this IPO. Therefore, the company itself will not receive proceeds from the sale of shares; the proceeds will go to the existing selling shareholders.
Why Is the ARCIL IPO Important?
The ARCIL IPO has attracted attention because of the company's position in India's stressed-asset resolution ecosystem.
Asset reconstruction companies play an important role in helping banks and financial institutions manage non-performing and stressed assets. By acquiring such assets and pursuing resolution strategies, ARCs can potentially unlock value from distressed loans.
The public listing of ARCIL also gives investors an opportunity to gain direct exposure to India's asset-reconstruction sector.
Asset Reconstruction Company IPO GMP
The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment before an IPO's stock-market listing. GMP is not regulated by SEBI or the stock exchanges and can change quickly.
On September 9, market trackers were reporting GMP figures in the range of roughly ₹24–₹30, depending on the source. At a ₹139 upper issue price, this indicated an unofficial estimated listing price above the issue price. However, GMP should not be treated as a guaranteed listing gain.
Investors should consider company fundamentals, valuation, subscription demand and broader market conditions rather than relying only on GMP.
Asset Reconstruction Company IPO Subscription
The IPO opened for public subscription on September 9, 2026, and the bidding window will close on September 11.
Initial subscription data showed measured demand during the opening day, while investors continued to track QIB, NII and retail participation. Subscription numbers can change significantly before the issue closes.
Strengths of Asset Reconstruction Company
1. Focused Business Model
ARCIL operates specifically in the asset reconstruction business, giving it focused exposure to stressed-asset acquisition and resolution.
2. Experience in Asset Resolution
The company has been operating in the asset reconstruction sector for many years and works with stressed assets across corporate, SME and retail segments.
3. Opportunity in India's Financial Sector
The need to resolve stressed assets remains an important part of India's banking and financial ecosystem. ARCs can play a role in helping financial institutions clean up their balance sheets.
4. First-Mover Listing Advantage
ARCIL's proposed listing is notable as the company is expected to become the first listed asset reconstruction company in India.
Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 10546390 | 1024739 | 0.1 |
| HNIs | 7909792 | 5677206 | 0.72 |
| HNIs 10+ | 5273195 | 2441098 | 0.46 |
| HNIs 2+ | 2636597 | 3236108 | 1.23 |
| Retail | 18456181 | 18482431 | 1 |
| Total | 36912363 | 25184376 | 0.68 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 3520 | 305 | 0.09 |
| HNIs (2-10L) | 1760 | 2065 | 1.17 |
| Retail | 172488 | 154648 | 0.9 |
Total Applications: 157018
Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 146.59 | 14.24 | 0.1 |
| FIIs | - | 0 | - |
| DIIs | - | 0.08 | - |
| Mutual funds | - | 13.5 | - |
| Others | - | 0.66 | - |
| HNIs | 109.95 | 78.91 | 0.72 |
| HNIs 10+ | 73.3 | 33.93 | 0.46 |
| HNIs 2+ | 36.65 | 44.98 | 1.23 |
| Retail | 256.54 | 256.91 | 1 |
| Total | 513.08 | 350.06 | 0.68 |
| 7% | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|
| ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
Day-wise Subscription (times)
| Category | Day 1 | Day 2 |
|---|---|---|
| QIBs | 0.09 | 0.1 |
| HNIs | 0.33 | 0.71 |
| HNIs 10+ | 0.19 | 0.46 |
| HNIs 2+ | 0.6 | 1.22 |
| Retail | 0.57 | 1 |
| Total | 0.38 | 0.68 |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 107 | 14873 | 172488 |
| sHNI | 14 | 1498 | 208222 | 1760 |
| bHNI | 68 | 7276 | 1011364 | 3520 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 52731946 | 100% |
| Anchor | 15819583 | 30% |
| QIB | 10546390 | 20% |
| HNI | 7909792 | 15% |
| Retail | 18456181 | 35% |
About the Company
IPO Details
| Total Issue Size | 5,27,31,946 shares (aggregating up to ₹732.97 Cr) |
| Offer for Sale | 5,27,31,946 shares (aggregating up to ₹732.97 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE , NSE |
| Share Holding Pre Issue | 32,48,97,140 shares |
| Share Holding Post Issue | 32,48,97,140 shares |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 12.52% | 12.95% | 14.15% |
| EPS (BASIC) | 10.82 | 10.14 | 10.17 |
| P/E PRE IPO | 12.84 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 4,460.85 | 3,263.82 | 2,795.34 |
| Total Income | 785.08 | 623.40 | 574.11 |
| Profit After Tax | 407.84 | 355.32 | 305.34 |
| EBITDA | 588.93 | 491.88 | 416.36 |
| NET Worth | 3,079.39 | 2,767.80 | 2,462.51 |
| Reserves and Surplus | 2,751.18 | 2,439.19 | 2,135.20 |
| Total Borrowing | 1,205.50 | 305.93 | 149.95 |
COMPARISON WITH INDUSTRY PEERS
*Company does not have any peer group company for comparison with Industry Peer.
About Company
Asset Reconstruction Company (India) Limited was incorporated as a public limited company under the Companies Act, 1956 on February 11, 2002. It received its certificate of commencement of business on May 7, 2003 and the RBI Certificate of Registration on August 29, 2003 to commence its business.
The Company was the first Asset Reconstruction Company (ARC) incorporated in India.
The Company is a leading Asset Reconstruction Company (ARC) operating across India, focused on the acquisition and resolution of stressed financial assets.
Its core activities include:
- Acquiring NPAs from banks and financial institutions
- Implementing resolution strategies through restructuring
- Enforcement of rights over underlying securities
- Settlements with borrowers
Business Verticals
The Company operates across three major verticals:
- Corporate Loans
- SME Loans
- Other & Retail Loans
Strengths
Expertise in Acquiring Stressed Assets: The Company has expertise in acquiring stressed assets through a disciplined acquisition process, supported by strong credit assessment, risk management, data analytics and technology-enabled tools to evaluate recovery potential and borrower risk.
Strong Resolution & Collections Framework: The Company uses multiple strategies to maximise recoveries, including IBC, negotiated settlements, debt restructuring/rescheduling, SARFAESI and DRT, along with strategic investor induction where required.
Consistent Financial & Operational Performance: The Company has demonstrated a consistent track record of financial and operational performance, supported by profitable growth, strategic bidding, effective resolution strategies and its ability to collect outstanding amounts.
Risk Factors
RBI Compliance Risk: Non-compliance with RBI observations, directions or action plans during inspections may result in penalties or restrictions, adversely affecting the Company’s reputation, business and financial performance.
Difficulty in Acquiring Stressed Assets: The Company acquires stressed assets through competitive bidding, including Swiss challenge and anchor processes. Inability to acquire sufficient assets at appropriate prices, or competition from bidders offering lower margins, could affect growth and financial performance.
Recovery Risk in Stressed Assets: The Company may be unable to recover outstanding amounts from acquired stressed assets in a timely manner or at all. Recovery depends on effective resolution through mechanisms such as IBC, settlements, restructuring/rescheduling, SARFAESI, DRT and liquidation of underlying assets.
Asset Reconstruction Company IPO Allotment and Listing Date
The tentative basis of allotment date is September 15, 2026. Refund initiation and share credit are expected on September 16, while the shares are scheduled to list on September 17, 2026 on NSE and BSE.
Should You Invest in Asset Reconstruction Company IPO?
The ARCIL IPO provides investors with an opportunity to invest in a specialised financial-services business focused on stressed-asset resolution.
The company's established presence in the sector and its position as a prospective first listed ARC in India may make the IPO interesting. However, investors should carefully assess valuation, asset recovery performance, profitability, risks and the OFS structure before making an investment decision.
GMP should be considered only as a market-sentiment indicator and not as a guarantee of listing gains.
Conclusion
The Asset Reconstruction Company (India) IPO 2026 is a ₹732.97 crore mainboard IPO offered entirely through an Offer for Sale. The price band is ₹132–₹139 per share, with a lot size of 107 shares.
The IPO opened on September 9 and will close on September 11, 2026, while listing is scheduled for September 17 on NSE and BSE. With ARCIL operating in the specialised asset-reconstruction sector, the IPO offers investors exposure to an important part of India's financial ecosystem.
Before applying, investors should read the company's official offer documents, evaluate its financials and valuation, and consider their own risk tolerance.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. IPO dates, GMP and subscription figures may change. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Ltd.
- IDBI Capital Markets & Securities Ltd.
- JM Financial Ltd.
Company Address
Asset Reconstruction Co.(India) Ltd.
The Ruby, 10th Floor
29 Senapati Bapat Marg,
Dadar (West)
Mumbai, Maharashtra, 400028
Phone: +91 22-66581300
Email: cs@arcil.co.in
Website: https://www.arcil.co.in/
IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: 022-49186000
Email: arcil@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Asset Reconstruction IPO FAQs
What is Asset Reconstruction IPO?
Asset Reconstruction IPO is Mainboard IPO. The company is going to raise ₹732.97 Crores via IPO. The issue is priced at ₹132 to ₹139 per equity share. The IPO is to be listed on BSE & NSE.
When Asset Reconstruction IPO will open for subscription?
The IPO is to open on September 9, 2026 for QIB, NII, and Retail Investors. The IPO will close on September 11, 2026.
What is Asset Reconstruction IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Asset Reconstruction IPO?
You can apply for Asset Reconstruction IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Asset Reconstruction IPO Issue Size?
Asset Reconstruction IPO issue size is ₹732.97 crores.
\What is Asset Reconstruction IPO Price Band?
Asset Reconstruction IPO Price Band is ₹132 to ₹139.
What is Asset Reconstruction IPO Lot Size?
The minimum bid is 107 Shares with ₹14,873 amount.
What is the Asset Reconstruction IPO Allotment Date?
Asset Reconstruction IPO allotment date is September 15, 2026.
What is the Asset Reconstruction IPO Listing Date?
Asset Reconstruction IPO listing date is September 17, 2026. The IPO is to list on BSE & NSE.