Asset Reconstruction IPO GMP ₹17 Today (18 Oct), Price Band, Subscription Status, Allotment Date

Asset Reconstruction IPO Review & Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

Asset Reconstruction is a mainboard issue raising ₹732.97 Cr, offered in a band of ₹132–₹139 per share. At the upper end that is 13.9 times the ₹10 face value, so ₹129 of every share subscribed is share premium rather than capital.

A retail application for Asset Reconstruction needs one lot of 107 shares, which works out to ₹14,873 at the upper band of ₹139. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 68 lots.

For Asset Reconstruction, bidding runs 9-11 September, allotment is finalised on 15 Sep 2026, the shares list on 17 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 4 days after the issue closes. Counting from the close of bidding, money stays blocked for roughly 6 days before listing decides what the holding is worth.

The issue is reserved 20% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.

Revenue moved from ₹623.4 Cr in 31 Mar 2025 to ₹785.08 Cr in 31 Mar 2026 (+25.9%), while profit after tax went from ₹355.32 Cr to ₹407.84 Cr (+14.8%). Growth in profit broadly tracks growth in revenue.

With the retail portion subscribed 870.613 times, roughly one in 871 single-lot applications can expect an allotment once the draw is made. Applying for more lots does not improve those odds in an oversubscribed retail book — every application is cut back to one lot before the lottery — so the practical lever is the number of distinct PANs applying, not the size of any one bid.

MUFG Intime India Pvt.Ltd. is the registrar for this issue, which means the allotment status for Asset Reconstruction is published on their portal from 15 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.

A grey market premium of ₹17 on the upper band of ₹139 implies a listing gain of roughly 12.2%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.