Asset Reconstruction IPO Date, Review, Price, Allotment Details
Asset Reconstruction IPO is a Mainboard issue open from 9-11 Sept. The company is raising ₹733 Cr at a price band of ₹132 to ₹139 per share. One lot is 107 shares.
Grey market premium
₹0
Implied listing gain: ₹- (0.00%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Asset Reconstruction IPO 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.
Minimum retail investment
₹14,873
107 shares at the upper band of ₹139
Retail limit
13 lots
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~6 days
from the closing date to listing
Revenue growth
+25.9%
31 Mar 2025 → 31 Mar 2026
Profit growth
+14.8%
PAT ₹355.32 Cr → ₹407.84 Cr
Net profit margin
51.9%
was 57% in 31 Mar 2025
Debt to equity
0.39
lower is safer
Peer listing record
1 of 2 listed above issue price
median listing move +0.7%
Promoter holding
89.68% → 78.67%
diluted by 11 percentage points
Asset Reconstruction is a mainboard issue raising ₹733 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 Sept, 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 50% 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.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 25.1. Comparing that with the multiple implied by this issue's ₹132–₹139 band is a more useful test of pricing than looking at the grey market premium alone.
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.
What looks good
- A debt-to-equity ratio of 0.39 points to a conservatively funded balance sheet.
What to watch
- There is no grey market premium on this issue at present, which points to muted listing-day expectations.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 9-11 Sept |
| Face Value | ₹10 Per Share |
| Price Range | ₹132 to ₹139 |
| Issue Size | ₹733 Cr |
| Lot Size | 107 Shares |
| Allotment Date | 15 Sep 2026 |
| Listing Date | 17 Sep 2026 |
| Registrar | MUFG Intime India Pvt.Ltd. |
Quota Allocation
| Category | Allocation |
|---|
| Retail Investors | 35% |
| QIB (Qualified Institutional Buyers) | 50% |
| HNI (High Net Worth Individuals) | 15% |
IPO Details
| Total Issue Size | 5,27,31,946 shares (agg. up to ₹733 Cr) |
| Offer for Sale | 5,27,31,946 shares of ₹10 (agg. up to ₹733 Cr) |
| Share Holding Pre Issue | 32,48,97,140 shares |
| Share Holding Post Issue | 32,48,97,140 shares |
IPO Timetable (Tentative)
| IPO Open | Wed, Sep 9, 2026 |
| IPO Close | Fri, Sep 11, 2026 |
| Allotment | Tue, Sep 15, 2026 |
| Refund | Wed, Sep 16, 2026 |
| Credit of Shares | Wed, Sep 16, 2026 |
| Listing | Thu, Sep 17, 2026 |
Issue Reservation
| Investor Category | Shares |
|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|
| Retail (Min) | 1 | 107 | ₹14,873 |
| Retail (Max) | 13 | 1,391 | ₹1,93,349 |
| S-HNI (Min) | 14 | 1,498 | ₹2,08,222 |
| S-HNI (Max) | 67 | 7,169 | ₹9,96,491 |
| B-HNI (Min) | 68 | 7,276 | ₹10,11,364 |
Company Financials (Restated Standalone)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|
| Assets | 4,460.85 | 3,263.82 | 2,795.34 |
| Total Income | 785.08 | 623.40 | 574.11 |
| Profit After Tax | 407.84 | 355.32 | 305.34 |
| EBITDA | 588.93 | 491.88 | 416.36 |
| NET Worth | 3,079.39 | 2,767.80 | 2,462.51 |
| Reserves and Surplus | 2,751.18 | 2,439.19 | 2,135.20 |
| Total Borrowing | 1,205.50 | 305.93 | 149.95 |
| Amount in ₹ Crore |
Recently Listed IPOs in Non Banking Financial Company (NBFC)
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|
| Aye Finance Ltd. | Mainboard | ₹1,010.00 Cr | ₹129 | 14.11 | ₹128.91 | -0.07% | ₹171.34 |
| Tata Capital Ltd. | Mainboard | ₹15,511.87 Cr | ₹326 | 35.99 | ₹330.50 | +1.38% | ₹364.75 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|
| Debt/Equity | 0.39 | 0.11 |
| RoNW | 13.95% | 13.59% |
| PAT Margin | 51.95% | 57.00% |
| EBITDA Margin | 78.21% | 82.47% |
| NAV | 94.78 | 81.97 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|
| EPS (₹) | 12.55 | 12.55 |
| Market Cap at Offer Price | - | ₹4,516.07 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|
| Promoter and Promoter Group | 89.68% | 78.67% |
| Public | 10.32% | 21.33% |
| Total | 100% | 100% |
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|
| Avenue India Resurgence Pte.Ltd. | Promoter | 2,48,23,910 | 345.05 |
| State Bank of India | Promoter | 1,09,63,062 | 152.39 |
| Lathe Investment Pte.Ltd. | Corporate | 1,62,44,858 | 225.80 |
| The Federal Bank Ltd. | Corporate | 7,00,116 | 9.73 |
| Total | | 5,27,31,946 | 732.97 |
About Asset Reconstruction
Incorporated in February 2002, Asset Reconstruction Company (India) Limited is an asset reconstruction company (ARC) engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies to maximize recoveries and optimize the value of such assets. The Company received its certificate of registration from the Reserve Bank of India (RBI) to commence securitisation and asset reconstruction operations in August 2003 and is recognised as the first ARC incorporated in India.
The Company operates across three key business verticals—Corporate Loans, SME and Other Loans, and Retail Loans. It acquires single-credit and portfolio-based stressed secured and unsecured assets and deploys various resolution, restructuring, enforcement, settlement and collection strategies based on the nature of the underlying assets. Its operations generate revenue through fee income and investment income.
The Company has established relationships with a wide range of banks, financial institutions, NBFCs and housing finance companies, supporting its stressed asset acquisition business. It has also focused on expanding its presence in the retail loan segment and uses legal mechanisms, collection infrastructure and data analytics to support asset resolution and recovery.
As of March 31, 2026, the Company operated through 13 offices across 12 states, including Delhi, and had 206 permanent employees. Its operations are supported by registered valuers, collection agents and empanelled lawyers, providing capabilities across acquisition, valuation, resolution and collections.
Established nationwide operational network.
Growing focus on the retail stressed assets segment.
Strong relationships with banks and financial institutions.
Track record of consistent financial and operational performance.
India's first ARC with one of the largest assets under management.
Expertise in acquiring stressed assets with increasing investment in security receipts.
Ability to implement diverse resolution strategies and a robust collections framework.
Asset Reconstruction IPO — common questions
What is Asset Reconstruction IPO?
Asset Reconstruction IPO is a Mainboard issue open from 9-11 Sept. The company is raising ₹733 Cr at a price band of ₹132 to ₹139 per share. One lot is 107 shares.
When does Asset Reconstruction IPO open and close?
The issue is open 9-11 Sept. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Asset Reconstruction IPO price band?
The price band is ₹132 to ₹139 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Asset Reconstruction IPO lot size?
The minimum application is 107 shares, and bids must be in multiples of that lot.
What is the Asset Reconstruction IPO issue size?
The total issue size is ₹733 Cr.
How is Asset Reconstruction IPO reserved between investor categories?
The issue is reserved as retail 35%, QIB 50%, HNI 15%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Asset Reconstruction IPO allotment date?
Basis of allotment is expected to be finalised on 15 Sep 2026. You can check your status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN.
When does Asset Reconstruction IPO list?
Listing is expected on 17 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
