Asset Reconstruction IPO

Listed Mainboard
Min Investment
₹14,873
107 Shares
Min Investment
₹14,873 · 107 Shares
Price Band ₹132–139
Lot Size 107 shares
Issue Size ₹733 Cr
Listed At ₹139.00 +0%
Subscribed 20.1×
Listed On BSE & NSE
Listing Price
₹139.00 (+0.00%)
vs issue price
Current Price (NSE)
₹138.85 (-0.11%)
as of 16 Oct, 3:29 pm IST

Market Sentiment

Grey Market Premium What is GMP?
+₹12
+8.6% ▲ ₹3 since last update
Est. listing ₹151
Upper price ₹139
GMP range ₹8 – ₹12
16 Sept · ₹8 16 Sept · ₹12
Updated 16 Sept, 11:54 pm IST Unofficial grey-market data
GMP estimate ₹151
Actual listing ₹139
Listed below the GMP estimate by ₹12 (-7.9%)
Subscription Status
QIB
52.65x
NII
15.69x
bNII (>10L)
16.74x
sNII (2-10L)
13.58x
Retail
3.39x
Total
20.10x
Updated: Sept 11, 2026 5:16 pm IST
Analysis Score 75 / 100
Data: 80%

The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.

GMP Score · 44% weight 60
Subscription Score · 38% weight 95
Financial Health · 19% weight 71
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹132–139 per equity share
Face Value₹10 Per Equity Share
Lot Size 107 shares (Min ₹14,873)
Total Issue Size ₹732.97 crore
Offer For Sale₹732.97 crore
Issue TypeBook Building Issue
Lead Manager IIFL Capital Services Ltd. , IDBI Capital Markets & Securities Ltd. , JM Financial Ltd.
Registrar MUFG Intime India Pvt.Ltd.
PromotersAvenue India Resurgence Pte.Ltd. and State Bank of India
Listing atBSE & NSE
BSE Code544921
NSE SymbolARCIL
ISININE148G01016
Listing Price₹139.00
Listing Gain+0.00%

Day-wise Subscription (times subscribed)

QIB
NII
Retail
Total
Each panel uses its own scale; compare the numbers, not bar heights, across categories.
Category Day 1 Day 2 Day 3
QIB 0.09x 0.10x 52.65x
NII 0.33x 1.03x 15.69x
bNII > ₹10L 0.19x 0.68x 16.74x
sNII 2-10L 0.60x 1.73x 13.58x
Retail 0.56x 1.24x 3.39x
Total 0.38x 0.87x 20.10x

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 107 ₹14,873
Retail 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

IPO Reservation

QIB 20% NII 15% Retail 35% Anchor 30%
Category Shares Offered Shares %
QIB1,05,46,39020.00%
NII (HNI)79,09,79215.00%
bNII > ₹10L52,73,19510.00%
sNII < ₹10L26,36,5975.00%
Retail1,84,56,18135.00%
Anchor1,58,19,58330.00%
Total5,27,31,946

Financial Analysis

Financial Data

EPS (Pre)
₹10.82
ROE
12.52%
RoNW
12.52%
EBITDA Margin
69.81%
Debt/Equity
0.34
NAV/Share
₹90.96
Revenue Growth
23.37%
Profit Margin
43.03%

Financial Performance

2026 vs 2025 Revenue +23.4% Profit (PAT) +4.3% Total Assets +30.3%
Metric 2024 2025 2026
Revenue 609.49 607.84 749.92
Expense 194.75 176.68 285.34
Profit (PAT) 310.89 309.24 322.69
Total Assets 3,656.69 4,395.99 5,726.40
Values in Crores (₹)

Strengths & Risks

Strengths
  • Heavily oversubscribed — 20.1x overall (so far).
  • Strong institutional (QIB) demand — 52.7x.
  • Revenue grew 23% in the latest reported year.
  • Solid profit margin — 43.0%.
  • Low leverage — debt/equity of 0.34.
Risks & Concerns
  • Entirely an offer for sale — no fresh capital flows to the company.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Asset Reconstruction

Asset Reconstruction Company (India) Limited, incorporated in February 2002, is a company that helps banks and financial institutions recover money from bad or stressed loans. It buys these troubled loans from banks and other financial institutions and then tries to recover the money through methods such as restructuring, settlement, legal action, enforcement of assets, and collections. The company received approval from the Reserve Bank of India (RBI) in August 2003 to start its asset reconstruction business and is recognised as the first Asset Reconstruction Company (ARC) incorporated in India. Its business is mainly divided into three areas: corporate loans, SME and other loans, and retail loans. It works with banks, financial institutions, NBFCs and housing finance companies to acquire stressed loans and has also been expanding its retail loan business. The company earns income mainly through fees and investments and uses lawyers, collection agents, valuers and data analytics to support loan recovery.

Company Contact Information

Asset Reconstruction Co.(India) Ltd., The Ruby, 10th Floor, 29 Senapati Bapat Marg,, Dadar (West), Mumbai, Maharashtra, 400028

Objects of the Issue

Purpose Amount (Cr)
To be updated soon -

Resources & Documents

Anchor Investors

Anchor Bidding Date
September 08, 2026
Shares Offered to Anchors
1,58,19,583
Lock-in End (30 Days, 50%)
October 15, 2026
Lock-in End (90 Days, 50%)
December 14, 2026

Asset Reconstruction IPO - Quick Take

Asset Reconstruction has set a price band of Rs 132–Rs 139 per share for an issue size of Rs 733 crore. The stock listed flat against its issue price.

The issue is promoted by Avenue India Resurgence Pte.Ltd. and State Bank of India with IIFL Capital Services Ltd., IDBI Capital Markets & Securities Ltd., JM Financial Ltd. acting as lead manager. Net proceeds will primarily be used towards to be updated soon.

On fundamentals, the company is posting revenue growth of 23.4%, a profit margin of 43.0%, return on equity of 12.5% in its most recent reported period.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Asset Reconstruction IPO is Rs 132 to Rs 139 per share. Face value is Rs 10 per share.

The total issue size of Asset Reconstruction IPO is Rs 733 crore, comprising offer for sale (OFS) of Rs 733 crore.

The lot size of Asset Reconstruction IPO is 107 shares. The minimum application is 1 lot (107 shares), requiring an investment of Rs 14,873. Maximum retail application is 13 lots (1,391 shares, approx Rs 1,93,349).

Asset Reconstruction IPO opens for subscription on September 09, 2026 and closes on September 11, 2026. Anchor investor bidding is scheduled for September 08, 2026.

The expected allotment date for Asset Reconstruction IPO is September 15, 2026. Refunds for unsuccessful applicants are expected on September 16, 2026.

Asset Reconstruction IPO is scheduled to list on September 17, 2026 on both BSE and NSE. BSE script code: 544921, NSE symbol: ARCIL, ISIN: INE148G01016.

The last GMP (Grey Market Premium) recorded for Asset Reconstruction IPO before listing was +Rs 12 (+8.6% over issue price). The shares actually listed at Rs 139 (+0.00% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Asset Reconstruction IPO was subscribed 20.10 times overall by the close of bidding — retail at 3.39x, QIB at 52.65x, NII at 15.69x.

Based on the final retail subscription of 3.39x for Asset Reconstruction IPO, the estimated retail allotment probability is approximately 33.6%. This is a moderate probability of allotment.

The registrar for Asset Reconstruction IPO is MUFG Intime India Pvt.Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Asset Reconstruction IPO are IIFL Capital Services Ltd., IDBI Capital Markets & Securities Ltd., JM Financial Ltd.

The promoter(s) of Asset Reconstruction are Avenue India Resurgence Pte.Ltd. and State Bank of India.

Asset Reconstruction IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 8.6%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; Asset Reconstruction listed flat.

See the full Asset Reconstruction GMP history and trend, or learn how grey market premium works and how reliable it is.

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