Asset Reconstruction IPO: Price Band, Lot Size, Financials & Review
Asset Reconstruction IPO listed on BSE & NSE on Thu, 17 Sep 2026. The issue was subscribed 20.10x overall.
- Open Date
- 9 Sep 2026
- Close Date
- 11 Sep 2026
Last updated
- Price band
- ₹132 – ₹139
- Lot size
- 107 shares
- Min. investment
- ₹14,873
- Issue size
- ₹732.97 Cr
- Last GMP
- +₹12
- Subscribed
- 🔥 20.10x
Asset Reconstruction IPO details
Asset Reconstruction IPO is a ₹732.97 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
The issue was open from Wed, 9 Sep 2026 to Fri, 11 Sep 2026. Allotment was finalised on Tue, 15 Sep 2026, and the shares listed on BSE & NSE on Thu, 17 Sep 2026.
The price band is ₹132 to ₹139 per share and the lot size is 107 shares, so the minimum retail application is ₹14,873. Retail investors can apply for up to 13 lots (1,391 shares, ₹1,93,349).
MUFG Intime India Pvt Ltd is the registrar, and IIFL Capital Services Limited, JM Financial Limited and Idbi Capital Market Services Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Asset Reconstruction IPO GMP before listing was +₹12 (+8.63% against the upper price band of ₹139), implying an estimated listing price of ₹151. Across 10 days of tracking, GMP ranged from +₹12 (16 Sep) to +₹30 (08 Sep).
| Last GMP | +₹12 |
|---|---|
| GMP vs upper band | +8.63% |
| Estimated listing price | ₹151 |
| Highest (08 Sep) | +₹30 |
| Lowest (16 Sep) | +₹12 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Asset Reconstruction IPO day-wise GMP.
Subscription
Day-wise subscription →Asset Reconstruction IPO was subscribed 20.10x overall: QIB 52.65x, NII 15.69x and retail 3.39x.
| Category | Subscribed |
|---|---|
| QIB | 52.65x |
| NII | 15.69x |
| └ bNII (above ₹10 lakh) | 16.74x |
| └ sNII (₹2–10 lakh) | 13.58x |
| Retail | 3.39x |
| Total | 20.10x |
Final figures at the close of bidding on 11 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Asset Reconstruction IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 1,58,19,583 | 30.00% |
| Qualified Institutions | 1,05,46,390 | 20.00% |
| Non-Institutional | 79,09,792 | 15.00% |
| └ BNII | 52,73,195 | 10.00% |
| └ SNII | 26,36,597 | 5.00% |
| Retail Investors | 1,84,56,181 | 35.00% |
| Total | 5,27,31,946 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Asset Reconstruction IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,873 |
| Retail (Max) | 13 | 1,391 | ₹1,93,349 |
| S-HNI (Min) | 14 | 1,498 | ₹2,08,222 |
| S-HNI (Max) | 67 | 7,169 | ₹9,96,491 |
| B-HNI (Min) | 68 | 7,276 | ₹10,11,364 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
Promoter holding falls from 89.68% before the issue to 78.67% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹12.55 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹12.55 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 89.68% |
| Promoter holding (post-issue) | 78.67% |
Asset Reconstruction Co.(India) Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹623.4 Cr to ₹785.08 Cr, and profit after tax rose from ₹355.32 Cr to ₹407.84 Cr. The PAT margin for 31 Mar 2026 was 51.95%.
| Period ended | 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 |
| Reserve & Surplus | 2,751.18 | 2,439.19 | 2,135.20 |
| Total Borrowings | 1,205.50 | 305.93 | 149.95 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Debt / Equity | 0.39 | 0.11 |
| RoNW % | 13.95 | 13.59 |
| Pat Margin % | 51.95 | 57.00 |
Objectives
The company intends to utilize the Offer Proceeds for the following Objects.
| Sr | Objective |
|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchang |
About Asset Reconstruction Co.(India) Limited
Incorporated in February 2002, Asset Reconstruction Company (India) Limited is a leading asset reconstruction company (ARC) engaged in acquiring stressed assets from banks and financial institutions and resolving them through a range of recovery and value-maximisation strategies. The Company received its Reserve Bank of India (RBI) registration in August 2003 to commence securitisation and asset reconstruction activities and is recognised as the first ARC incorporated in India.
The Company operates across three key business verticals: Corporate Loans, SME & Other Loans, and Retail Loans. It acquires both individual credit exposures and portfolios of secured and unsecured stressed assets, and undertakes resolution through restructuring, settlements, enforcement of security interests, legal recovery and collection strategies, depending on the nature of the underlying assets. Its revenue is primarily generated through fee income and investment income.
The Company has established relationships with banks, financial institutions, NBFCs and housing finance companies, supporting its stressed asset acquisition activities. It has also expanded its focus on the retail stressed loan segment and leverages legal expertise, collection infrastructure and data analytics to improve recovery and resolution outcomes.
As of March 31, 2026, the Company operated through 13 offices across 12 states, including Delhi, and had 206 permanent employees. Its operations are further supported by registered valuers, collection agents and empanelled lawyers, providing capabilities across stressed asset acquisition, valuation, resolution and collections.
Competitive Strengths
Established nationwide operational network.
Strong relationships with banks and financial institutions.
Growing presence in the retail stressed asset segment.
More than two decades of experience in the asset reconstruction industry.
Track record of consistent financial and operational performance.
India's first ARC, with a large portfolio of assets under management.
Expertise in acquiring stressed assets and increasing investments in security receipts.
Diverse resolution strategies supported by a robust collections and legal recovery framework.
Promoters
- Avenue India Resurgence Pte. Ltd
- State Bank of India
Contact details
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: http://www.arcil.co.in/
Asset Reconstruction IPO FAQs
- What is the Asset Reconstruction IPO price band?
- The Asset Reconstruction IPO price band is ₹132 to ₹139 per share.
- What is the Asset Reconstruction IPO lot size and minimum investment?
- The Asset Reconstruction IPO lot size is 107 shares. The minimum retail investment is ₹14,873 for one lot at the upper price band. Retail investors can apply for up to 13 lots (1,391 shares), costing ₹1,93,349.
- When was Asset Reconstruction IPO open for subscription?
- Asset Reconstruction IPO was open for subscription from Wed, 9 Sep 2026 to Fri, 11 Sep 2026.
- What is the Asset Reconstruction IPO subscription status?
- Asset Reconstruction IPO was subscribed 20.10x overall: QIB 52.65x, NII 15.69x and retail 3.39x. Day-wise and category-wise figures are on the subscription page.
- What was the Asset Reconstruction IPO GMP before listing?
- The last Asset Reconstruction IPO GMP before listing was +₹12 (+8.63% against the upper price band of ₹139), implying an estimated listing price of ₹151. Across 10 days of tracking, GMP ranged from +₹12 (16 Sep) to +₹30 (08 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Asset Reconstruction IPO allotment date?
- The Asset Reconstruction IPO basis of allotment was finalised on Tue, 15 Sep 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Asset Reconstruction IPO listing date?
- Asset Reconstruction IPO listed on BSE & NSE on Thu, 17 Sep 2026.
- Is the Asset Reconstruction IPO a fresh issue or an offer for sale?
- It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
- Who are the registrar and lead managers of the Asset Reconstruction IPO?
- The registrar for the Asset Reconstruction IPO is MUFG Intime India Pvt Ltd, and the book running lead managers are IIFL Capital Services Limited, JM Financial Limited and Idbi Capital Market Services Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.