Asset Reconstruction IPO
Price Band
₹132 – ₹139
Issue Size
₹732.97 Cr
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 Band | ₹132 – ₹139 |
| Face Value | ₹10 |
| Issue Size | ₹732.97 Cr |
| Fresh Issue | TBA |
| Offer for Sale | ₹732.97 Cr |
| Total Shares Offered | 5,27,31,946 |
| Listed On | Both |
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, Rs. 345.05 Cr; State Bank of India (Promoter) - 1,09,63,062 shares, Rs. 152.39 Cr; Lathe Investment Pte.Ltd. (Corporate) - 1,62,44,858 shares, Rs. 225.80 Cr; The Federal Bank Ltd. (Corporate) - 7,00,116 shares, Rs. 9.73 Cr. Total OFS - 5,27,31,946 shares aggregating Rs. 732.97 Cr.
Key Financial Metrics
EPS (Basic)
₹12.55
Debt / Equity
0.39
Financial Performance
| Particulars (₹ Cr) | 31 Mar 2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| EBITDA | 372.73 | 416.36 | 491.88 | 588.93 |
| PAT | 303.94 | 305.34 | 355.32 | 407.84 |
| Total Assets | 2,789.58 | 2,795.34 | 3,263.82 | 4,460.85 |
| Net Worth | 2,244.16 | 2,462.51 | 2,767.8 | 3,079.39 |
| Total Borrowings | 118.01 | 149.95 | 305.93 | 1,205.5 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 107 shares | ₹14,873 | — |
| retail_max | 107 shares | — | ₹1,93,349 |
| shni_min | 14 × 107 | ₹2,08,222 | — |
| shni_max | 107 shares | — | ₹9,96,491 |
| bhni_min | 68 × 107 | ₹10,11,364 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 50% | No |
| Retail | 35% | No |
| NII | 15% | No |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Asset Reconstruction IPO (this IPO) | — | 4,516.07 | ₹12.55 | — | — |
| Aye Finance Ltd. | Yes | — | — | 14.11x | — |
| Tata Capital Ltd. | Yes | — | — | 35.99x | — |
Frequently Asked Questions
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Important Dates
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