Asset Reconstruction Company (India) IPO
Issue details, the company's financials from its prospectus, subscription and listing performance, explained in plain English. Data from NSE and the Red Herring Prospectus.
About the issue
Asset Reconstruction Company (India) Limited was open for subscription from 9 Sep 2026 to 11 Sep 2026 on the main board of NSE, in the other financial services industry as classified by NSE. The issue size is ₹733.0 cr. One lot of 107 shares costs ₹14,873 at the upper end of the price band.
What the numbers show
- Revenue from operations grew from ₹570.1 cr in FY24 to ₹753.0 cr in FY26, about 15% a year.
- Profit after tax rose from ₹305.3 cr to ₹407.8 cr, and the profit margin improved from 53.6% to 54.2%.
- Total borrowings rose from ₹149.9 cr to ₹1,205 cr, a debt-to-equity ratio of 0.39 at the end of FY26.
- The entire issue is an offer for sale: the money goes to the selling shareholders, and the company raises nothing.
- The issue was subscribed 20.10× overall (QIBs 52.65×, non-institutional investors 15.69×, retail investors 3.39×).
- It listed on 17 Sep 2026 at its issue price of ₹139, and closed its first day at ₹137.02.
These points are calculated from the prospectus and NSE data. They describe the company; they are not a recommendation to apply or not.
Financial performance
| ₹ crore unless stated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | 570.1 | 596.4 | 753.0 |
| Total income | 574.1 | 623.4 | 785.1 |
| EBITDA | 416.4 | 491.9 | 588.9 |
| Profit after tax | 305.3 | 355.3 | 407.8 |
| Profit margin | 53.6% | 59.6% | 54.2% |
| Net worth | 2,463 | 2,768 | 3,079 |
| Total borrowings | 149.9 | 305.9 | 1,205 |
| Debt to equity | 0.06 | 0.11 | 0.39 |
| Return on net worth | 13.0% | 13.6% | 14.0% |
| NAV per share | ₹75.79 | ₹85.19 | ₹94.78 |
Valuation at the issue price
| Measure | Value | How it is calculated |
|---|---|---|
| Market capitalisation | ₹4,516 cr | Shares after the issue × ₹139 |
| P/E (pre-issue EPS) | 11.1× | ₹139 ÷ earnings per share of the latest full year, before the new shares |
| P/E (post-issue) | 11.1× | Market capitalisation ÷ latest full-year profit after tax |
| Price to book | 1.47× | ₹139 ÷ book value per share (latest net worth ÷ shares before the issue) |
Subscription
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers(QIBs) | 1,05,46,389 | 55,52,44,079 | 52.65× |
| Non Institutional Investors | 79,09,792 | 12,40,96,460 | 15.69× |
| Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 52,73,195 | 8,82,95,972 | 16.74× |
| Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 26,36,597 | 3,58,00,488 | 13.58× |
| Retail Individual Investors(RIIs) | 1,84,56,182 | 6,26,34,055 | 3.39× |
| Total | 3,69,12,363 | 74,19,74,594 | 20.10× |
Listing and performance
| Price | Change from issue price | |
|---|---|---|
| Issue price | ₹139 | – |
| Listing day open (17 Sep 2026) | ₹139 | 0.0% |
| Listing day high / low | ₹141.50 / ₹130.73 | – |
| Listing day close | ₹137.02 | −1.4% |
| Latest close (8 Oct 2026) | ₹156.18 | +12.4% |
| NIFTY 50 since listing day | −4.5% |
Frequently asked questions
What is the price band of the Asset Reconstruction Company (India) IPO?
The price band is ₹132–139 per share, for shares with a face value of ₹10. The final issue price was ₹139.
What is the lot size and minimum investment?
Bids are made in lots of 107 shares, so one lot costs ₹14,873 at the upper end of the price band.
When does the Asset Reconstruction Company (India) IPO open and close?
Bidding opened on 9 Sep 2026 and closed on 11 Sep 2026. The shares listed on NSE on 17 Sep 2026.
How many times was the Asset Reconstruction Company (India) IPO subscribed?
It was subscribed 20.10× overall, according to NSE bid data.
Where can I check the allotment status?
The registrar to the issue is MUFG Intime India Private Limited. Allotment status can be checked on the registrar's website with your PAN or application number, and on the NSE and BSE websites, usually a day or two after the issue closes.
What was the listing gain of the Asset Reconstruction Company (India) IPO?
There was no listing gain: it opened at its issue price of ₹139 on 17 Sep 2026.
Is this a recommendation to apply?
No. This page summarises public information so you can read the prospectus with the key numbers in mind. Whether to apply depends on your own goals and risk tolerance; consider speaking to a SEBI-registered investment adviser.
Data: NSE (issue details, bids, prices) and the company's Red Herring Prospectus filed with SEBI. Figures are reproduced and converted with care but may contain errors; check the prospectus before making any decision. This page is for information and education only. It is not a recommendation to apply for, buy or sell any security. See our disclaimer.