ARCIL IPO opens today for public subscription, with the Asset Reconstruction Company (India) Ltd offering shares in the price band of Rs 132 to Rs 139.
The Rs 732.97 crore issue will remain open until September 11, 2026.
The IPO is entirely an Offer for Sale, meaning the company will not receive fresh funds from the issue. Existing shareholders are selling a total of about 5.27 crore shares.
ARCIL IPO Price Band and Lot Size
The price band has been fixed at Rs 132 to Rs 139 per share.
Retail investors can apply for a minimum of 107 shares, requiring an investment of Rs 14,873 at the upper price band.
The issue has reserved 50% of the shares for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.
The IPO is being offered by existing investors including Avenue India Resurgence, State Bank of India, Lathe Investment and Federal Bank.
ARCIL IPO GMP and Expected Listing
The grey market premium, or GMP, was reported at around Rs 30 on the opening day.
At the upper price band of Rs 139, this indicates an implied price of around Rs 169, although GMP is unofficial and does not guarantee the actual listing price.
At that GMP level, the implied premium is around 21.6% over the issue price.
Investors should therefore treat GMP only as a market indicator rather than a confirmed listing gain.
ARCIL has also raised about Rs 219.89 crore from anchor investors before the public issue opened.
The anchor book included participation from institutional investors.
ARCIL IPO Important Dates
The public issue opens on September 9 and closes on September 11.
The basis of allotment is expected to be finalised on September 15.
Refunds and credit of shares to eligible investors are expected on September 16, while the shares are scheduled to list on the NSE and BSE on September 17.
What Does ARCIL Do?
Asset Reconstruction Company (India) Ltd is an asset reconstruction company that acquires stressed assets from banks and other financial institutions.
The company operates across corporate, SME and retail loan segments.
Its IPO gives existing investors an opportunity to sell their holdings through the public market.
Since the issue is entirely an Offer for Sale, investors should remember that the IPO proceeds will go to the selling shareholders rather than directly to the company.
