Asset Reconstruction Company (India) Limited IPO
9 Sept 2026 – 11 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹143
- H
- ₹147.8
- L
- ₹143
- C
- ₹145.74
13 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹132 – ₹139
- Lot Size
- 107 shares
- Min Investment
- ₹14,873 (1 lot · 107 shares)
- Face Value
- ₹10
- Offer for Sale
- 5,27,31,946 shares (to selling holders)
- Issue Size
- Initial Public Offer comprising of Offer for Sale of up to 5,27,31,946 Equity shares (including Anchor portion of 1,58,19,583 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹12 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 16 Sept | ₹12 | +8.6% | −₹2 | ₹151 | |
| 15 Sept | ₹14 | +10.1% | −₹2 | ₹153 | |
| 14 Sept | ₹16 | +11.5% | +₹2 | ₹155 | |
| 13 Sept | ₹14 | +10.1% | −₹0.5 | ₹153 | |
| 12 Sept | ₹14.5 | +10.4% | — | ₹153.5 | |
| 11 Sept | ₹14.5 | +10.4% | +₹0.5 | ₹153.5 | |
| 10 Sept | ₹14 | +10.1% | −₹10 | ₹153 | |
| 9 Sept | ₹24 | +17.3% | −₹6 | ₹163 | |
| 8 Sept | ₹30 | +21.6% | — | ₹169 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 1,05,46,38928.6% | 29,39,48,367 | 27.87x |
| NII / HNI | 79,09,79221.4% | 11,24,03,821 | 14.21x |
| bNII · bids above ₹10L | 52,73,19514.3% | 8,24,68,217 | 15.64x |
| sNII · bids ₹2L–₹10L | 26,36,5977.1% | 2,99,35,604 | 11.35x |
| Retail | 1,84,56,18250.0% | 4,22,23,591 | 2.29x |
Bids received on NSE, as at 11-Sep-2026 19:00:57 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 11 Sept | — | — | — | 12.15x |
| 10 Sept | 0.10x | 1.03x | 1.24x | 0.87x |
| 9 Sept | 0.09x | 0.33x | 0.56x | 0.38x |
Financials
All values in ₹ crore
About Asset Reconstruction Company (India)
Asset Reconstruction is a leading Asset Reconstruction Company (“ARC”) operating across India, specializing in the acquisition and resolution of stressed financial assets. Its core business involves acquiring non-performing assets (NPAs) from banks and financial institutions and implementing effective resolution strategies through restructuring, enforcement of rights over underlying securities, and settlements. It operates across three business verticals; 1. Corporate Loans 2. SME, and 3. Other loans and retail loans. Key Data Second largest ARC in terms of Assets under Management (AUM) of Rs 152,300.31 million, as of March 31, 2024. Second largest ARC with net worth of Rs 24,625.11 million, as of March 31, 2024. Total AUM reported at Rs 168,525.70 million as of March 31, 2025, includes 75.48% corporate loans, 16.31% retail loans, and 8.22% SME loans. As of March 31, 2025, it has 201 registered values and 163 collection agents. Network of 13 offices across 12 states, 193 personnel. Key Strengths India’s First ARC with the second Largest AUM Expertise in Acquiring Stressed Assets with increasing investment in SRs Ability to Implement Resolution Strategies and a Robust Collections Framework Track Record of Consistent Financial and Operational Performance Experienced Board of Directors, Management Team and Marquee Investors
As published in the company's own offer documents.
Strengths
- Established nationwide operational network.
- Growing focus on the retail stressed assets segment.
- Strong relationships with banks and financial institutions.
- Track record of consistent financial and operational performance.
- India's first ARC with one of the largest assets under management.
- Expertise in acquiring stressed assets with increasing investment in security receipts.
- Ability to implement diverse resolution strategies and a robust collections framework.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- IIFL Capital Services Limited
- IDBI Capital Markets & Securities Limited
- JM Financial Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 107 | ₹14,873 |
| Retail (max)most that stays under ₹2L | 13 | 1,391 | ₹1,93,349 |
| S-HNI (min)first bid over ₹2L | 14 | 1,498 | ₹2,08,222 |
| S-HNI (max)most that stays under ₹10L | 67 | 7,169 | ₹9,96,491 |
| B-HNI (min)first bid over ₹10L | 68 | 7,276 | ₹10,11,364 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 107 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 3,69,12,325 Equity Shares in multiple of 107 Equity Shares
- Max Bid (NII)
- 2,63,65,870 Equity Shares in multiple of 107 Equity Shares
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 11-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Kotak Mahindra Bank Limited and HDFC Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C-101, 1st Floor, 247 Park Lal Bhadur Shastri Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 8108114949, arcil@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Asset Reconstruction Company (India) Limited IPO today?
The latest grey market premium for Asset Reconstruction Company (India) Limited IPO is ₹12. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Asset Reconstruction Company (India) Limited IPO?
The price band is ₹132 – ₹139, with a lot size of 107 shares. The minimum investment is ₹14,873.
When does Asset Reconstruction Company (India) Limited IPO open and close?
The issue opens on 9 Sept 2026 and closes on 11 Sept 2026. Listing is expected on 17 Sept 2026.
Who is the registrar for Asset Reconstruction Company (India) Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.