Asset Reconstruction Company (India) Limited (“ARCIL”) is an Asset Reconstruction Company (“ARC”) engaged in acquiring and resolving non-performing and distressed financial assets from banks and financial institutions across India.
Its core business involves acquiring stressed assets through competitive bidding and resolving them through IBC/NCLT proceedings, settlements, restructuring, SARFAESI enforcement, and DRT sales.
ARCIL operates across Corporate, SME & Other, and Retail Loans, with total AUM of ₹20,149.99 crore as of March 31, 2026. The portfolio comprised 68.75% Corporate, 23.55% Retail, and 7.70% SME & Other Loans.
The company is expanding its focus on retail stressed assets, with Retail AUM rising from ₹1,942.30 crore in March 2024 to ₹4,744.76 crore in March 2026. Retail borrowers also increased by 227.32% during this period.
Key Business Highlights:
- India’s First ARC was incorporated in 2002 and has been operational since 2003.
- Second-largest ARC in India by AUM, with ₹16,852.57 crore AUM as of March 31, 2025.
- Retail AUM grew at a 56.30% CAGR between March 2024 and March 2026.
- 13 offices across 12 states as of March 31, 2026.
- Promoters: Avenue India Resurgence Pte. Ltd. held 69.73%, while State Bank of India held 19.95% of the company’s outstanding equity as of the September 1, 2026.
Since inception, the company has also worked with 32 private sector banks, 28 public sector banks, 51 NBFCs, 18 HFCs and other financial institutions, supported by 206 collection agents, 218 registered valuers and over 988 empanelled lawyers.
As of March 31, 2026, ARCIL had 206 permanent employees and served 32.94 lakh retail borrowers on its platform.
ARCIL IPO – Details
| IPO Opening Date | 09 September 2026 |
| IPO Closing Date | 11 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 5,27,31,946 Shares Worth ₹[] Crore Offer For Sale: 5,27,31,946 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Private Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
ARCIL IPO – Date Schedule
| IPO Open Date | 09 September 2026 |
| IPO Close Date | 11 September 2026 |
| Basis of Allotment | 15 September 2026 |
| Initiation of Refund | 16 September 2026 |
| Credit of Shares to Demat Account | 16 September 2026 |
| IPO Listing Date | 17 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2026 |
ARCIL IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- 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.
Company Promoters
- Avenue India Resurgence Pte. Ltd.
- State Bank of India
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹609.49 Cr | ₹194.75 Cr | ₹310.89 Cr | ₹149.95 Cr |
| 31 March 2025 | ₹607.84 Cr | ₹176.68 Cr | ₹309.24 Cr | ₹305.93 Cr |
| 31 March 2026 | ₹749.92 Cr | ₹285.34 Cr | ₹322.69 Cr | ₹1205.50 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 33.78% |
| Debt/Equity | 0.34 |
| RoNW | 12.52% |
| PAT Margin | 46.90% |
| EBITDA Margin | 69.81% |
| NAV | 90.96 |
| Pre IPO | Post IPO | |
| EPS (₹) | 10.82 | – |
| P/E (x) | – | – |
Object Of The Issue
- The Offer comprises an Offer for Sale (OFS) of up to 52,731,946 Equity Shares by the Selling Shareholders. The Promoter Selling Shareholders are undertaking a partial divestment to realise part of their investment and enhance liquidity. The listing is expected to improve ARCIL’s visibility, brand recognition and shareholder liquidity by providing a public market for its Equity Shares. ARCIL will not receive any proceeds from the Offer, with the entire proceeds going to the Selling Shareholders.
ARCIL IPO Peer Comparison
- There are no listed companies in India or globally that are directly comparable to ARCIL in terms of size and business model.
✅Strengths
- Strong Market Position with 12.6% market share by AUM as of March 2025.
- India’s First ARC with over two decades of industry experience.
- Strong AUM Base of ₹20,149.99 crore as of March 2026.
- Strong Capital Position with CRAR of 65.31% in FY2026.
- Efficient Operations with low expenses relative to AUM compared with peers.
⚠️Risks
- High Competition from private ARCs and government-backed NARCL.
- Regulatory Risk from changes in RBI, IBC and SARFAESI regulations.
- Recovery Risk from delays or lower-than-expected recoveries from stressed assets.
- Funding Risk due to dependence on financing and borrowing arrangements.
- Litigation Risk from ongoing legal proceedings.
ARCIL IPO Promoter Holding
| Pre Issue Share Holding | 89.68% |
| Post Issue Share Holding | 78.67% |
ARCIL IPO Prospectus
Company Contact Information
| Asset Reconstruction Co.(India) Ltd. The Ruby, 10th Floor 29 Senapati Bapat Marg, Dadar (West) Mumbai, Maharashtra, 400028 Phone: +91 22-66581300 Email: cs@arcil.co.in Website: https://www.arcil.co.in/ |
ARCIL IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: arcil@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
ARCIL IPO Lead Manager(s)
| 1. JM Financial Limited 2. IIFL Capital Services Limited 3. IDBI Capital Markets & Securities Limited |
ARCIL IPO FAQs
| What is the ARCIL IPO? ARCIL IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the ARCIL IPO open? The IPO is to open on 09 September 2026 for QIB, NII, and Retail Investors. |
| What is ARCIL IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the ARCIL IPO Size? ARCIL IPO size is ₹[] Crore. |
| What are the ARCIL IPO Minimum and maximum lot sizes for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the ARCIL IPO Allotment Date? ARCIL IPO allotment date is 15 September 2026. |
| What is the ARCIL IPO Listing Date? ARCIL IPO listing date is 17 September 2026. The IPO is to be listed on the BSE and the NSE. |
