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Asset Reconstruction Company (India) IPO Subscription Status

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ARCIL · NBFC · NSE

Updated · GMP, subscription and listing data refresh through the day.

Asset Reconstruction Company (India) IPO Details

RegistrarMUFG Intime India Private Limited
Lead managersIIFL Capital Services Limited, IDBI Capital Markets & Securities Limited
Fresh issue—
Offer for sale—
Market cap at the offer₹4,516 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (32,48,97,140 shares) multiplied by the upper end of the price band, ₹139. It is arithmetic on those two filed figures, not a valuation.

Asset Reconstruction Company (India) Financials ₹ in crore

Revenue CAGR-13.3%2023 → 2025 · 2 yrs
Profit CAGR+0.9%2023 → 2025 · 2 yrs
Total assets CAGR+25.5%2023 → 2025 · 2 yrs
00%25025%50050%75075%1000100%202320242025
₹ crore202320242025
Revenue₹809.19₹605.82₹607.84
Expenses———
Net profit (PAT)₹303.94₹310.89₹309.24
PAT margin37.6%51.3%50.9%
Total assets₹2,789.58₹3,656.69₹4,395.98

Asset Reconstruction Company (India) Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
89.68%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
73.45%
Promoter
Promoter & promoter groupafter the IPO
Holding73.45%
Shares23,86,51,299
Through the IPO-16.23% · exiting

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Asset Reconstruction Company (India) Anchor Investors largest allocation first

Anchor investors21named in the letter
Anchor book₹219.90 Crat ₹139 per share
Largest allocation15.92%GOLDMAN SACHS FUNDS - GOLD…
#Anchor investorShares% of book₹ Cr
1GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA25,17,92415.92%35.00
2MUTUAL FUND - ADITYA BIRLA SUN LIFE SMALL18,70,46711.82%26.00
3BANDHAN SMALL CAP FUND18,70,46711.82%26.00
4TATA MULTI ASSET18,70,46711.82%26.00
5ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND14,38,8299.1%20.00
6BAJAJ LIFE INSURANCE LIMITED7,19,4684.55%10.00
7SOCIETE GENERALE - ODI7,19,4684.55%10.00
8WHITEOAK CAPITAL MULTI CAP FUND7,19,3614.55%10.00
9BOFA SECURITIES EUROPE SA - ODI6,07,6303.84%8.45
10INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD6,07,6303.84%8.45
11WHITEOAK CAPITAL BANKING & FINANCIAL SERVICES FUND4,67,5902.96%6.50
12GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS INDIA EQUITY ETF3,59,7342.27%5.00
13JM FINANCIAL MUTUAL FUND - JM AGGRESSIVE HYBRID FUND3,59,7342.27%5.00
14JM FINANCIAL MUTUAL FUND-JM VALUE FUND3,59,7342.27%5.00
15INDUSIND GENERAL INSURANCE COMPANY LIMITED3,59,7342.27%5.00
16GOLDMAN SACHS BANK EUROPE SE - ODI3,59,7342.27%5.00
17GROWW MUTUAL FUND - GROWW SMALL CAP FUND2,37,5321.5%3.30
18WHITEOAK CAPITAL AGGRESSIVE HYBRID FUND1,43,9150.91%2.00
19WHITEOAK CAPITAL BALANCED HYBRID FUND1,07,9630.68%1.50
20GROWW MUTUAL FUND- VALUE FUND71,9110.45%1.00
21GROWW BANKING AND FINANCIAL SERVICES50,2910.32%0.70

Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter

Asset Reconstruction Company (India) IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹139
Retail (min)1 lot107₹14,873
Retail (max)13 lots1,391₹1,93,349
sHNI (min)14 lots1,498₹2,08,222
bHNI (min)68 lots7,276₹10,11,364

One lot is 107 shares, so a single application at the ₹139 cut-off costs ₹14,873. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

About Asset Reconstruction Company (India)

Asset Reconstruction Company (India) Limited is an asset reconstruction company operating across India. It is engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies. The company was incorporated in 2002 and is headquartered in Mumbai, Maharashtra. Its main customers are banks and financial institutions.

Asset Reconstruction Company (India) IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company is the first ARC in India and has an established track record of over two decades in the asset reconstruction industry.
The company was the second most profitable ARC in India during Fiscal 2024 with a profit after tax of ₹ 3,053.41 million on a standalone basis.
The company had the second largest net worth among private ARCs in India as of March 31, 2024 with a net worth of ₹ 24,625.11 million on a standalone basis.
The company has the second largest AUM in India as of March 31, 2024 with an AUM of ₹ 152,300.31 million.
The company has recorded the lowest expenses on a standalone basis in Fiscal 2024 as a percentage of average total AUM.
The company's capital adequacy ratio of 99.03% as of March 31, 2024 is significantly higher than other private ARCs in the peer set.
The company has the lowest debt to equity ratio on a standalone basis amongst top 6 private ARCs in India as of March 31, 2024.
▼ Risk factors (8)
Revenue and profits are largely dependent on the value and composition of the company's AUM, and any adverse change in AUM may impact revenue and profit.
Non-compliance with RBI's observations made during any inspection could expose the company to penalties and restrictions.
The company bids for stressed assets through a competitive bidding process, and inability to source and acquire sufficient stressed assets at appropriate prices may adversely affect growth, competitive position, financial condition, and results of operations.
Inability to recover outstanding amounts from stressed assets in a timely manner or at all could adversely affect business, results of operations, financial condition, or cash flows.
A significant portion of stressed assets are under the corporate loans business vertical, and any factors impacting stressed assets in this vertical may have an adverse impact on business, cash flows, financial condition, and results of operations.
An inability to make accurate stressed asset acquisition decisions could adversely impact business, financial condition, and cash flows.
Reliance on information technology systems means that a failure, inadequacy, or security breach could adversely affect business, results of operations, financial condition, and cash flows.
The company may have to comply with stricter regulations and guidelines issued by regulatory authorities in India, including the RBI, which may increase compliance costs, divert management attention, and subject the company to penalties.

How to check Asset Reconstruction Company (India) IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Asset Reconstruction Company (India) Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 11 Sept 2026 and listing on 17 Sept 2026.

RegistrarMUFG Intime India Private Limited
You will needPAN, application number or demat ID
Issue closes11 Sept 2026
Listing date17 Sept 2026
Issue opens
Wed, 09 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 11 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 15 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 16 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 17 Sept, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

Asset Reconstruction Company (India) IPO Subscription Status FAQs

How many times is Asset Reconstruction Company (India) IPO subscribed?

As of 12 Sept, 3:37 am the Asset Reconstruction Company (India) Limited IPO is subscribed 20.1× overall: QIB 52.65×, non-institutional 15.69× and retail 3.39×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the Asset Reconstruction Company (India) IPO retail subscription status?

The retail portion is subscribed 3.39× as of 12 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check Asset Reconstruction Company (India) IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

How was Asset Reconstruction Company (India) IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (9 September 2026): 0.38×, day 2 (10 September 2026): 0.87×, day 3 (11 September 2026): 20.1×, day 4 (12 September 2026): 20.1× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Asset Reconstruction Company (India) IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Asset Reconstruction Company (India) IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (11 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹12 on a ₹139 upper band means the grey market is dealing at ₹151.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.