Home / Business and Economy / ARCIL IPO: Subscribed 0.38 Times Amidst Rs 733 Cr Offer
ARCIL IPO: Subscribed 0.38 Times Amidst Rs 733 Cr Offer
9 Sep
Summary
- ARCIL IPO subscribed 0.38 times as of September 9, 2026.
- The IPO aims to raise Rs 696-733 crore through an offer for sale.
- ARCIL is India's first asset reconstruction company, founded in 2003.
The initial public offer for Asset Reconstruction Company (India) has garnered bids for 1.40 crore shares against the 54.43 lakh shares available, achieving a subscription rate of 0.38 times as of September 9, 2026. The IPO, which commenced on September 9, 2026, is set to conclude on September 11, 2026. The company is offering a total of 5.27 crore equity shares, with an expected fundraise between Rs 696 crore and Rs 733 crore.
The offer consists entirely of shares being sold by existing shareholders, including promoters Avenue India Resurgence Pte and State Bank of India. Following the IPO, promoter shareholding is projected to decrease to 78.67% from the current 89.68%. Lathe Investment Pte and The Federal Bank are also among the selling shareholders.
Asset Reconstruction Company (India) (ARCIL), founded in 2003, holds the distinction of being India's first asset reconstruction company. It specializes in acquiring stressed assets from financial institutions and implementing resolution strategies. The company operates across various loan segments and maintains a significant presence with 13 offices nationwide.
ARCIL reported a consolidated net profit of Rs 228.76 crore and sales of Rs 4,311.98 crore for the fiscal year ending March 31, 2026. Ahead of the IPO, the company successfully raised Rs 219.89 crore from anchor investors on August 8, 2026.
