Asset Reconstruction Company India Ltd IPO
Finance
Price Band
₹132 – ₹139
Lot Size
107
Minimum Bid Quantity
107
Minimum Investment
₹14873
Issue Size
₹732.97Cr
Opens
2026-09-09
Closes
2026-09-11
Listing
17-09-2026
Subscription Status
Qualified Institutional Buyers
27.85 x
Non-Institutional Investor
3.85 x
Retail Individual Investor
2.1 x
Total
9.83 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE148G01016
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Asset Reconstruction Company (India) Limited (ARCIL) is an asset reconstruction company engaged in acquiring stressed assets from banks and financial institutions and resolving them through restructuring, settlements, enforcement of security interests, and other recovery mechanisms. It operates across three business verticals – Corporate loans, SME and Other loans, and Retail loans. It acquires both single-credit and portfolios of secured and unsecured stressed assets. The company generates fee and investment income through various acquisition structures, including cash acquisitions, co-investor acquisitions, ordinary security receipt acquisitions, and structured acquisitions.
Pros
- • ARCIL was the first ARC to be incorporated in India and has an established track record of over two decades in the asset reconstruction industry. Its AUM stood at Rs 20,149.99 crore, Rs 16,852.57 crore, and Rs 15,230.03 crore as of March 31, 2026, 2025, and 2024, respectively.
- • The company maintains a strong market position and financial performance among leading ARCs in India. In FY25, it was the second most profitable private ARC with a PAT of Rs 355.32 crore and had the highest PAT as a percentage of average AUM among the top seven ARCs at 2.22%. It also had the highest return on assets among the top seven ARCs at 11.73%, while its debt-to-equity ratio stood at 0.11, the lowest among the top six private ARCs as of March 31, 2025.
- • ARCIL claims to have developed expertise in acquiring stressed assets, supported by a structured credit assessment and risk management framework. The total outstanding amount of stressed assets acquired stood at Rs 160,371.66 crore, Rs 135,523.63 crore, and Rs 121,936.70 crore as of March 31, 2026, 2025, and 2024, respectively. The corresponding principal outstanding amount stood at Rs 89,909.34 crore, Rs 72,657.31 crore, and Rs 64,564.54 crore, respectively.
Cons
- • ARCIL’s revenue is significantly dependent on its AUM. Its AUM stood at Rs 20,149.99 crore, Rs 16,852.57 crore, and Rs 15,230.03 crore as of March 31, 2026, 2025, and 2024, respectively. Any decline in AUM can reduce management/trusteeship fees and investment income, adversely affecting the company’s revenue and profitability.
- • ARCIL has received several observations from the RBI relating to areas including KYC, due diligence, acquisition and resolution policies, statutory returns, and internal controls. While the company has responded to these observations and no penalty was imposed in the preceding three fiscals, failure to comply with RBI directions can result in penalties and restrictions and adversely affect its business.
- • ARCIL acquired 27.04%, 96.24%, and 74.80% of its stressed assets through competitive bidding processes in FY26, FY25, and FY24, respectively. It won bids worth Rs 5,958.80 crore, Rs 3,975.87 crore and Rs 2,068.98 crore, respectively. Inability to win bids or acquire stressed assets at appropriate prices could hurt ARCIL’s growth and financial performance.
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