Asset Reconstruction IPO

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Issue Dates

9 Sept 11 Sept 2026

Listing Date

17 Sept 2026

About Asset Reconstruction Co.(India) Ltd.

Incorporated in February 2002, Asset Reconstruction Company (India) Limited is an asset reconstruction company (ARC) engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies to maximize recoveries and optimize the value of such assets. The Company received its certificate of registration from the Reserve Bank of India (RBI) to commence securitisation and asset reconstruction operations in August 2003 and is recognised as the first ARC incorporated in India. It operates across three key business verticals - Corporate Loans, SME and Other Loans, and Retail Loans - acquiring single-credit and portfolio-based stressed secured and unsecured assets and deploying resolution, restructuring, enforcement, settlement and collection strategies based on the nature of the underlying assets. Its operations generate revenue through fee income and investment income. As of March 31, 2026, the Company operated through 13 offices across 12 states, including Delhi.

IPO Details

Price BandTBA
Face Value₹10
Issue SizeTBA
Fresh IssueTBA
Total Shares Offered5,27,31,946
Listed OnBoth

Objects of the Issue

The Company will not receive any proceeds from the Offer for Sale, which will be entirely payable to the selling shareholders. The Company proposes to achieve the benefits of listing the Equity Shares on the Stock Exchanges. Offer for Sale selling shareholders: Avenue India Resurgence Pte.Ltd. (Promoter) - 2,48,23,910 shares; State Bank of India (Promoter) - 1,09,63,062 shares; Lathe Investment Pte.Ltd. (Corporate) - 1,62,44,858 shares; The Federal Bank Ltd. (Corporate) - 7,00,116 shares. Total OFS - 5,27,31,946 shares. Price band and issue size are yet to be declared.

Financial Performance

Particulars (₹ Cr)31 Mar 202331 Mar 202431 Mar 2025 (Consolidated)
Revenue
EBITDA372.73442.39464.94
PAT303.94310.89309.24
Total Assets2,789.583,656.694,395.99
Net Worth2,244.162,426.512,663.14
Total Borrowings118.01149.95305.99

Valuation

Market Capitalisation

Pre-IPO
Post-IPO

P/E Ratio

Pre-IPO
Post-IPO

Promoter Holding

Pre-IPO89.68%
Post-IPO78.67%

Public Holding

Pre-IPO10.32%
Post-IPO21.33%

Lot Size & Allocation

Reservation / Allocation

CategoryAllocationCut-off
QIB50%No
Retail35%No
NII15%No

Registrar & Lead Managers

Registrar

MUFG Intime India Pvt. Ltd.

Lead Managers (3)

IIFL Capital Services Ltd.
IDBI Capital Markets & Securities Ltd.
JM Financial Ltd

Peer Comparison

CompanyListedMkt Cap (₹ Cr)EPS (₹)P/EROE %
Aye Finance Ltd.Yes14.11x
Tata Capital Ltd.Yes35.99x

Frequently Asked Questions

4 questions about Asset Reconstruction IPO IPO

Asset Reconstruction IPO is a main-board IPO of 5,27,31,946 equity shares of face value ₹10, entirely an offer for sale. The price band is yet to be declared. The IPO opens on Sep 9, 2026, and closes on Sep 11, 2026. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE and NSE.

Important Dates

Issue Opens9 Sept 2026
Issue Closes11 Sept 2026
Allotment15 Sept 2026
Refund Initiation16 Sept 2026
Demat Credit16 Sept 2026
Listing Date17 Sept 2026

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