Asset Reconstruction IPO — Date, Price Band, GMP & Allotment 2026
Asset Reconstruction Company (India) Limited, known as ARCIL, buys stressed loans from banks and financial institutions and works to recover value from them. Registered with the RBI since 2003, it was the first asset reconstruction company set up in India and works across corporate, SME and retail loans from 13 offices in 12 states.
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What is the Asset Reconstruction IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 09 Sep, 2026 | Wednesday |
| IPO Close Date | 11 Sep, 2026 | Friday |
| Basis of Allotment | 15 Sep, 2026 | Tuesday |
| Refunds Initiated | 16 Sep, 2026 | Wednesday |
| Credit to Demat | 16 Sep, 2026 | Wednesday |
| Listing Date | 17 Sep, 2026 | Thursday |
What is the Asset Reconstruction IPO Lot Size?
Bidding in multiples of 107 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,873 |
| Retail (Max) | 13 | 1391 | ₹1,93,349 |
| S-HNI (Min) | 14 | 1498 | ₹2,08,222 |
| S-HNI (Max) | 67 | 7169 | ₹9,96,491 |
| B-HNI (Min) | 68 | 7276 | ₹10,11,364 |
About Asset Reconstruction
It got its certificate of registration from the Reserve Bank of India in August 2003 to carry on securitisation and asset reconstruction, and it is recognised as the first ARC set up in India.
The company works across three areas, corporate loans, SME and other loans, and retail loans. It buys both single loans and whole portfolios, secured as well as unsecured, and then uses different methods to recover the money, including resolution, restructuring, enforcement of security, settlement and collection, depending on what the underlying asset is. It earns in two ways, through fee income and through income on its own investments. As on 31 March 2026 it worked out of 13 offices across 12 states and had 206 permanent employees, supported by registered valuers, collection agents and empanelled lawyers. Its promoters are Avenue India Resurgence Pte. Ltd. and State Bank of India.
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Asset Reconstruction Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
Strengths & Risks
Strengths
- ✓ Profit has grown every year, from Rs 305.34 crore in FY2024 to Rs 355.32 crore in FY2025 and Rs 407.84 crore in FY2026.
- ✓ Income grew 26% in FY2026, from Rs 623.40 crore to Rs 785.08 crore.
- ✓ The margin is very high. Profit after tax of Rs 407.84 crore on total income of Rs 785.08 crore is a PAT margin of 57%.
- ✓ The balance sheet is large, with a net worth of Rs 3,079.39 crore as on 31 March 2026.
- ✓ It is the first ARC set up in India and has been registered with the RBI since August 2003. An RBI licence is hard to get and keeps new competition out.
- ✓ The promoters are strong institutions, Avenue India Resurgence Pte. Ltd. and State Bank of India.
- ✓ It works across corporate, SME and retail loans rather than one segment, and has been building up the retail side.
- ✓ It has a nationwide setup with 13 offices across 12 states, supported by valuers, collection agents and empanelled lawyers.
Risks
- ⚠ The entire issue is an offer for sale. Not a single rupee comes to the company, and there are no objects of the issue because all the money goes to the selling shareholders.
- ⚠ Borrowing has gone up eight times in two years, from Rs 149.95 crore in FY2024 to Rs 305.93 crore in FY2025 and Rs 1,205.50 crore in FY2026.
- ⚠ The P/E and the return on capital employed are not stated in the data available to us, so the issue cannot be compared with peers on those measures from here.
- ⚠ Return on net worth is only 13.59% even though the PAT margin is 57%, which shows how much capital this business has to keep locked up to earn that profit.
- ⚠ Recovery from stressed loans is lumpy and slow. It depends on court and NCLT timelines and on settlements, none of which the company controls.
- ⚠ The supply of business depends on banks choosing to sell stressed loans. If banks hold on to their bad loans or the credit cycle is clean, there is less to buy.
- ⚠ This is a tightly regulated business. Any RBI change on ARC capital, provisioning or how recoveries are booked would directly change the economics.
- ⚠ Promoter holding will come down from 89.68% to 78.67% after the issue.
Company Financials
The Asset Reconstruction company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 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 |
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Promoters and Shareholding Details
Avenue India Resurgence Pte.Ltd. and State Bank of India
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 89.68% |
| Promoter Holding Post Issue | 78.67% |
Frequently Asked Questions
What is the GMP of Asset Reconstruction?
The current Grey Market Premium (GMP) of Asset Reconstruction is ₹ 0.
What is the Asset Reconstruction IPO Price Band?
The price band for Asset Reconstruction IPO is ₹132 to ₹139.
When is the Asset Reconstruction IPO Allotment?
The allotment date for Asset Reconstruction IPO is September 15, 2026.
How to check Asset Reconstruction IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (MUFG Intime India Private Limited).
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