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₹132 - 139
Asset Reconstruction Company India Ltd
FinanceIPO
₹132 - 139
Incorporated in 2002, Asset Reconstruction Company (India) Limited (Arcil) is India's pioneer asset reconstruction company, acquiring stressed loan portfolios from financial institutions through securitisation trusts (special purpose resolution vehicles) and resolving them via legal enforcement, debt restructuring, and structured cash settlements. The company earns fees by acting as the resolution trustee while committing mandatory balance-sheet co-investments to capture the financial upside when distressed borrowers settle or liquidate their debts.
Lot107Min Invest₹14,873Face Value₹10Issue Size₹733 CrOffer for Sale₹733 Cr
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription
Subscription opens 9 Sept
Reports
Offer Details
Terms
Issue Size₹733 Cr
Offer for Sale₹733 Cr
Face Value₹10
Lot Size107 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8731-13 lots
sNII₹2,08,222from 14 lots
bNII₹10,11,364from 68 lots
Managers & Registrar
Lead ManagerIIFL Capital Services Limited
Co-ManagerIDBI Capital Markets & Securities Limited, JM Financial Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAvenue India Resurgence Pte. Ltd.PRMTR2,48,23,910345.05State Bank of IndiaPRMTR1,09,63,062152.39Lathe Investment Pte. Ltd.OTH1,62,44,858225.80The Federal Bank LimitedOTH7,00,1169.73Total5,27,31,946732.97
Shareholding
CategoryPre IPOPost IPOPromoter Group89.68%67.68%Public10.32%32.32%
Objects of the Issue
- Listing the Equity Shares on the Stock Exchanges.
Anchor Book
Bid Date08-Sep-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 302 | 751 | 570 | 596 | 753 |
| Operating ProfitCr | 198 | 323 | 411 | 464 | 557 |
| OPM% | 65.7 | 43.0 | 72.1 | 77.8 | 74.0 |
| PBTCr | 190 | 322 | 409 | 477 | 550 |
| PATCr | 143 | 239 | 305 | 355 | 408 |
| EPS | 4 | 7 | 9 | 11 | - |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 325 | 325 | 325 | 325 | - |
| ReservesCr | 1,709 | 1,915 | 2,138 | 2,443 | - |
| BorrowingsCr | 127 | 118 | 150 | 306 | - |
| Total AssetsCr | 2,344 | 2,524 | 2,795 | 3,264 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 434 | 271 | 202 | 319 | 154 |
| Investing Cash FlowCr | -24 | -345 | -16 | -610 | -1,024 |
| Financing Cash FlowCr | -196 | -43 | -54 | 95 | 766 |
| Net Cash FlowCr | 213 | -117 | 132 | -196 | -104 |
Strengths & Risks
Strengths · as stated in the DRHP
- India's First ARC with the second Largest AUM.
- Expertise in Acquiring Stressed Assets with increasing investment in SRs.
- Our Ability to Implement Resolution Strategies and a Robust Collections Framework
- Track Record of Consistent Financial and Operational Performance.
- Experienced Board of Directors, Management Team and Marquee Investors.
Strategies · as stated in the DRHP
- Increase the Proportion of Our Retail, and SME and Other Loans.
- Continue to Grow Our Corporate Loans Business.
- Continue to Focus on Effective Use of Technology and Data Analytics to improve operational efficiency.
- Strengthening our Retail Loan Collection Capabilities
- Pursue New Business Opportunities
Risks · as stated in the DRHP
- Our revenue and profits are largely dependent on the value and composition of our AUM and any adverse change in our AUM may impact our revenue and profit.
- We bid for stressed assets through a competitive bidding process including the Swiss challenge and anchor process. If we are unable to source and acquire a sufficient amount of stressed assets at appropriate prices, our growth, competitive position, financial condition and results of operations may be adversely affected.
- Our inability to recover outstanding amounts from the stressed assets we acquire and manage in a timely manner, or at all, could adversely affect our business, results of operations, financial condition or cash flows.
- A significant portion of our stressed assets are under our corporate loans business vertical (representing 68.75%, 75.48% and 78.51% of our AUM as of March 31, 2026, March 31, 2025, March 31, 2024, respectively). Any factors impacting stressed assets in the corporate loan vertical may have an adverse impact on our business, cash flows, financial condition and results of operations.
- An inability to make accurate stressed asset acquisition decisions could adversely impact our business, financial condition and cash flows.
- We rely significantly on our information technology systems for our business and operations. A failure, inadequacy or security breach in our information technology and telecommunication systems may adversely affect our business, results of operations, financial condition and cash flows.