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NSE, BSE
Asset Reconstruction Co. (India) Ltd
Listed
India's first asset reconstruction company; buys stressed loans from banks and NBFCs and works them out.
Issue details
Price band
₹132 – ₹139
Face value
₹10
Lot size
107 shares
Minimum investment
₹14,873
Issue size
₹732.97 Cr
Fresh issue
—
Offer for sale
₹732.97 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
9 Sep 2026
Closes
11 Sep 2026
UPI mandate cut-off
5:00 PM on 11 Sep 2026
Allotment
15 Sep 2026
Refunds
16 Sep 2026
Shares in demat
16 Sep 2026
Listing
17 Sep 2026
Subscription and listing
Subscription
14.36x
Listing price
₹139
Registrar
MUFG Intime India Pvt Ltd
Lead manager
IIFL Capital Services, IDBI Capital Markets & Securities, JM Financial
Subscription by category
Total
14.36x
Total applications
5,56,559
Anchor investors
Amount raised
₹219.89 Cr
Bid date
8 Sep 2026
50% lock-in ends
14 Oct 2026
Rest lock-in ends
13 Dec 2026
Listing day
Issue price
₹139
Open
₹139.00
High
₹141.50
Low
₹130.73
Day close
₹137.02
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
2,63,65,972
50.00%
Anchor Investor
1,58,19,583
30.00%
QIB (Ex. Anchor)
1,05,46,389
20.00%
NII
79,09,792
15.00%
bNII > ₹10L
52,73,195
10.00%
sNII < ₹10L
26,36,597
5.00%
Retail
1,84,56,182
35.00%
Total
5,27,31,946
100.00%
Finaccle’s quick read
Avoid
The ₹733 Cr issue is 100% OFS, so none of the money goes to the company, and borrowings rose from ₹305.93 Cr to ₹1,205.50 Cr in FY26. Valuation is moderate at a P/E of 11.08.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Asset Reconstruction Co. (India), Arcil, is a Mumbai-based asset reconstruction company that buys stressed loans from banks and financial institutions and works to recover them. It was the first ARC set up in India, and it handles corporate, SME and retail loan portfolios. It has 13 offices in 12 states, 206 employees and standalone FY26 income of about ₹785 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
13.95%
ROCE
—
Debt / equity
0.39
PAT margin
51.95%
P/E post issue
11.08
Market cap
₹4,516.07 Cr
Use of IPO money
Offer for sale; company receives no proceeds (selling shareholders: Avenue India Resurgence ₹345.05 Cr, SBI ₹152.39 Cr, Lathe Investment ₹225.80 Cr, Federal Bank ₹9.73 Cr)
—
Issue expenses (estimated)
₹54.04 Cr
Strengths
✓
India's first asset reconstruction company
✓
Backed by SBI and Avenue Capital
✓
Standalone PAT has risen steadily for three years
✓
Network across 12 states with a growing retail book
Risks to watch
!
Entirely OFS, so the company raises no money
!
Borrowings nearly quadrupled to ₹1,205.50 Cr in FY26
!
Consolidated PAT was flat at about ₹310–323 Cr
!
Recoveries depend on bad-loan cycles and legal timelines
!
Moderate return on net worth of about 14%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.