Asset Reconstruction Co.(India) IPO- Complete Overview
Asset Reconstruction Co.(India) IPO is a Mainboard IPO with an issue size of Rs. 732.97 Cr by Asset Reconstruction Co.(India) Limited, which is in purchasing stressed assets from banks and other financial organizations and putting resolution plans into place to optimize the value of these assets and maximize recoveries.
The Reserve Bank of India (RBI) granted the company a certificate of registration in August 2003, allowing it to start asset reconstruction and securitization operations. It is acknowledged as the first ARC to be registered in India.
Corporate Loans, SME and Other Loans, and Retail Loans are the three main business sectors in which the company operates. Depending on the kind of underlying assets, it purchases single-credit and portfolio-based stressed secured and unsecured assets and uses a variety of resolution, restructuring, enforcement, settlement, and collection techniques. Fee income and investment income are the sources of revenue generated by its operations.
This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.
Asset Reconstruction Co.(India) IPO Details
This Mainline IPO comprises a wholly an offer for sale of 5.27 crore shares (Rs. 732.97 Cr). The Asset Reconstruction Co.(India) IPO listing date (expected) might be Thursday, Sep 17, 2026, and the listing on the BSE and NSE.
The Asset Reconstruction Co.(India) IPO price band is Rs. 132 to Rs. 139.
IPO Timetable (Tentative)
The Asset Reconstruction Co.(India) IPO date is from 09 Sep to 11 Sep, with IPO allotment on Sep 15, refund initiation on Sep 16, and listing on Sep 17, 2026.
|
Events |
Date |
|
IPO Opening Date |
Sep 09, 2026 |
|
IPO Closing Date |
Sep 11, 2026 |
|
IPO Allotment Date |
Sep 15, 2026 |
|
Refund Initiation |
Sep 16, 2026 |
|
IPO Listing Date |
Sep 17, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
Asset Reconstruction Co.(India) Company Financial Performance
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
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 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,535.76 |
3,201.99 |
2,034.82 |
|
Net Cash Flow Investing Activities |
(10,240.05) |
(6,099.44) |
(163.01) |
|
Net Cash Flow Financing Activities |
7,662.65 |
941.70 |
(551.31) |
Asset Reconstruction Co.(India) IPO- Business Model
-
Banks, NBFCs, HFCs, and other institutions sell stressed loans (corporate, SME & other, and retail) via competitive bidding (EoI / LCEoI process).
-
Arcil buys them at a significant discount to the outstanding principal (historically around 49–53% of the outstanding principal).
-
Assets are transferred to trusts set up by Arcil. The trusts issue Security Receipts (SRs) to Qualified Buyers (QBs — banks, FIs, insurance companies, mutual funds, etc.).
-
Arcil itself invests a minimum required portion (typically 15% or more; overall share has been ~32–46% in recent years) in the SRs.
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company shall not receive any proceeds from this issue as this issue is fully offer for sale.
Peers of Asset Reconstruction Co.(India)
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 12.55 from the last year, the resulting P/E ratio is 11.07x.
Asset Reconstruction Co.(India) IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
Debt/Equity |
0.39 |
|
RoNW |
13.95% |
|
PAT Margin |
51.95% |
|
EBITDA Margin |
78.21% |
IPO's Strengths
-
A well-established national network of operations.
-
The retail stressed assets segment is receiving more attention.
-
Solid connections with financial organizations and banks.
-
A history of reliable operational and financial results.
IPO's Weaknesses
-
Penalties or restrictions may follow noncompliance with RBI findings, instructions, or action plans during inspections, which could negatively impact the company's financial performance, operations, and reputation.
-
The company uses competitive bidding, including Swiss challenge and anchor procedures, to purchase stressed assets. Growth and financial success may be impacted by the inability to purchase enough assets at fair rates or by competition from bidders with smaller margins.
-
The company might not be able to promptly or at all recover outstanding sums from purchased stressed assets. Effective resolution through procedures including IBC, settlements, restructuring/rescheduling, SARFAESI, DRT, and underlying asset liquidation is essential for recovery.
Asset Reconstruction Co.(India) IPO GMP Today
Asset Reconstruction Co.(India) IPO GMP is Rs. 0 as of September 05, 2026, when this information was written. With the upper price band of Rs. 139, Asset Reconstruction Co.(India) IPO's estimated listing price is Rs. 139. The expected listing gain/loss per share is 0%.
IPO Other Details
|
IPO Opening & Closing Date |
09 Sep 2026 to 11 Sep 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 132 to Rs. 139 |
|
Lot Size |
107 Shares |
|
Issue Size |
5,27,31,946 shares (Rs. 733 Cr) |
|
Offer for Sale |
5,27,31,946 shares (Rs. 733 Cr) |
|
Fresh Issue |
- |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Asset Reconstruction Co.(India) IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (107 Shares) amounting to Rs. 14873 and 13 Lots (1391 Shares) for Rs. 1,93,349, respectively, while for HNI investors, the minimum Lot is 14 (1498 Shares) amounting to Rs. 2,08,222.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
67 Lots |
|
B-HNI (Minimum) |
68 Lots |
Asset Reconstruction Co.(India) IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Asset Reconstruction Co.(India) Ltd.
-
Avenue India Resurgence Pte. Ltd.
-
State Bank of India.
|
Pre-Issue Promoter Shareholding |
89.68% |
|
Post-Issue Promoter Shareholding |
78.67% |
IPO Lead Managers
- IIFL Capital Services Ltd.
Dividend Policy
The company has paid a dividend of Rs. 1, Rs. 3 and Rs. 1.50 per Equity Share in FY26, FY25, and FY24, respectively.
Asset Reconstruction Co.(India) IPO Review: Subscribe or Avoid?
This is a pure Offer for Sale of up to 5.27 crore shares (₹733 Cr) at a price band of ₹132–139, with no fresh capital raised by the company. Arcil is India’s first ARC, focused on acquiring stressed assets (corporate, SME and retail) at a discount and generating revenue primarily through management fees and investment upside from recoveries. Financials show consistent growth with strong profitability (FY26 standalone PAT ₹408 Cr, PAT margin ~52%, RoNW ~14%) and moderate leverage. GMP is currently flat at ₹0.
Before making any decision to subscribe or avoid, you should consult your SEBI-registered financial advisor.
Asset Reconstruction Co.(India) IPO News
Asset Reconstruction Co.(India) DRHP
Asset Reconstruction Co.(India) RHP
Asset Reconstruction Co.(India) IPO Allotment Status
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
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