Asset Reconstruction Co. (India) IPO GMP & Allotment
Asset Reconstruction Company (India) acquires and securitizes stressed corporate, SME, and retail loans from financial institutions. It maximizes recovery using IBC mechanisms, mutual settlements, and SARFAESI Act asset sales. Backed by data analytics and structured credit frameworks, the company generates revenue through management and trusteeship fees based on assets under management, alongside investment income from trust-issued security receipts.
- IPO Price Band
- ₹132.00 - ₹139.00
- Lot Size
- 107 Shares
- Bidding Closes
- 11 Sept 2026
- Listing Date
- 17 Sept 2026
Complete IPO information
| IPO Open Date | 09 Sept 2026 |
|---|---|
| IPO Close Date | 11 Sept 2026 |
| IPO Price Band | ₹132.00 - ₹139.00 |
| Lot Size | 107 Shares |
| Current GMP | ₹12 |
| Estimated Listing Gain | +0.00% |
| Issue Size | Approx ₹732.97 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Overall Subscription | 20.1x |
| Minimum Investment | ₹14,873 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 105.46 | 5552.44 | 52.65x |
| NII | 79.10 | 1240.96 | 15.69x |
| Retail | 184.56 | 626.34 | 3.39x |
| Overall Subscription | 369.12 | 7419.75 | 20.10x |
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Asset Reconstruction Co. (India) is priced at ₹139 per share. With a minimum lot size of 107 shares, a retail investor applying for one lot would need approximately ₹14,873 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Asset Reconstruction Co. (India) stands at ₹12, implying an estimated listing gain of around 8.63% over the issue price if it holds until listing. This is down ₹3 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Asset Reconstruction Co. (India)'s IPO was subscribed 20.1x overall, with a category-wise breakdown of Retail 3.39x, QIB 52.65x, NII 15.69x.
Among the strengths highlighted in Asset Reconstruction Co. (India)'s IPO documents: Expertise in acquiring stressed assets and investing in security receipts.; Uses structured data consolidation and credit assessment for acquisitions..
Investors should also weigh the risk factors Asset Reconstruction Co. (India) has disclosed, including: Revenues heavily depend on the value and composition of managed assets..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
IPO roadmap at a glance
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 17 Sept 2026 | ₹12.00 | -₹3.00 | 8.63% |
| 16 Sept 2026 | ₹15.00 | +₹1.00 | 10.79% |
| 11 Sept 2026 | ₹14.00 | -₹10.00 | 10.07% |
| 10 Sept 2026 | ₹24.00 | -₹3.00 | 17.27% |
| 09 Sept 2026 | ₹27.00 | - | 19.42% |
| 08 Sept 2026 | ₹27.00 | +₹27.00 | 19.42% |
| 07 Sept 2026 | ₹0.00 | - | TBA |
| 06 Sept 2026 | ₹0.00 | - | TBA |
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 107 | ₹14,873 |
| Retail Maximum | 13 Lot | 1,391 | ₹1,93,349 |
| S-HNI Minimum | 14 Lot | 1,498 | ₹2,08,222 |
| S-HNI Maximum | 67 Lot | 7,169 | ₹9,96,491 |
| B-HNI Minimum | 68 Lot | 7,276 | ₹10,11,364 |
Objects of the Issue & Official Documents
Important takeaways before applying
Strengths
- Expertise in acquiring stressed assets and investing in security receipts.
- Uses structured data consolidation and credit assessment for acquisitions.
- Leverages data analytics and scorecards for risk and recovery prediction.
- Employs multiple IBC and SARFAESI Act resolution strategies.
- Strong strategic partnerships with banks, NBFCs, and fintech platforms.
Risks
- Revenues heavily depend on the value and composition of managed assets.
- Failure to timely recover outstanding stressed asset amounts impacts cash flows.
- Non-compliance with RBI inspection observations exposes the company to penalties.
- Inability to acquire sufficient stressed assets at appropriate prices limits growth.
- High reliance on third-party collection agents exposes the company to fraud risks.
Asset Reconstruction IPO Reservation
The Asset Reconstruction IPO reservation is divided among qualified institutional buyers, non-institutional investors and retail investors. QIB investors are reserved 50% of the shares offered, while NII investors have a 15% allocation and retail investors have a 35% allocation. The anchor investor share count is currently shown as not specified.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: Reservation percentages are based on the Asset Reconstruction IPO information provided and may be updated in the final issue allocation.
Asset Reconstruction IPO Anchor Investors
The Asset Reconstruction IPO anchor bidding is scheduled for September 8, 2026, ahead of the public subscription period. Anchor investors participate before the issue opens to other investors, with the final allocation and anchor size disclosed as part of the IPO process. The shares offered and anchor size are currently shown as not specified in the provided details.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 8, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor allocation figures and lock-in dates are based on the Asset Reconstruction IPO information provided and may be updated after the final anchor investor allocation announcement.
Asset Reconstruction Co. (India) IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 09 Sept 2026 |
| IPO Close Date | 11 Sept 2026 |
| Basis of Allotment | 15 Sept 2026 |
| Refunds | 16 Sept 2026 |
| Credit to Demat Account | 16 Sept 2026 |
| IPO Listing Date | 17 Sept 2026 |
Note: The timeline for Asset Reconstruction Co. (India) IPO is tentative and subject to change.
Asset Reconstruction Promoters and Holding Pattern
The promoters of Asset Reconstruction are Avenue India Resurgence Pte. Ltd. and State Bank of India. Before the IPO, the promoter and promoter group held 89.68% of the company's share capital. Following the IPO, their holding is expected to reduce to 73.45%, while the holding of other shareholders will increase to 26.55%.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 291,383,245 | 89.68% | 238651299 | 73.45% |
| Others* | 33,513,895 | 10.32% | 86,245,841 | 26.55% |
| Total | 32,48,97,140 | 100% | 32,48,97,140 | 100% |
Note: The holding pattern is based on the Asset Reconstruction IPO details provided. “Others*” represents shareholders outside the promoter and promoter group.
Asset Reconstruction Co. (India) Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Asset Reconstruction About Ipo
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.
Asset Reconstruction Co. (India) Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 609.49 Cr. | 194.75 Cr. | 310.89 Cr. | 3656.69 Cr. |
| 2025 | 607.84 Cr. | 176.68 Cr. | 309.24 Cr. | 4395.99 Cr. |
| 2026 | 749.92 Cr. | 285.34 Cr. | 322.69 Cr. | 5726.40 Cr. |
Note: Financial numbers for Asset Reconstruction Co. (India) are in ₹ Crores unless stated otherwise.
Asset Reconstruction Co. (India) Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 12.52% |
| ROCE | [.]% |
| EBITDA Margin | 69.81% |
| PAT Margin | 46.90 |
| Debt to Equity Ratio | 0.34 |
| Earning Per Share (EPS) | 10.82 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 12.52% |
| Net Asset Value (NAV) | 90.96 |
Note: Valuation KPIs for Asset Reconstruction Co. (India) are computed for FY2026.
Asset Reconstruction Co. (India) IPO Peer Group Comparison
To Be Updated Soon
Asset Reconstruction IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Ltd.
- IDBI Capital Markets & Securities Ltd.
- JM Financial Ltd.
Compare Asset Reconstruction Co. (India) IPO with similar IPOs
Asset Reconstruction Co. (India) IPO FAQs
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