Asset Reconstruction Company (India) IPO
Asset Reconstruction Company (India) Limited (ARCIL) · mainboard IPO on NSE and BSE · Book Building. Listed on 17 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +6.0% (likely range -12% to +8%), day's high +7.1%, chance of a gain 82%. Actual: 0.0% at the open, +1.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,05,46,389 | 55,52,44,079 | 52.6x | |
| NII (HNI) total | 79,09,792 | 12,40,96,460 | 15.7x | |
| Big NII (above ₹10 lakh) | 52,73,195 | 8,82,95,972 | 16.7x | |
| Small NII (₹2-10 lakh) | 26,36,597 | 3,58,00,488 | 13.6x | |
| Retail | 1,84,56,182 | 6,26,34,055 | 3.39x | |
| Total | 3,69,12,363 | 74,19,74,594 | 20.1x |
Bids on NSE and BSE together, as published by NSE, as of 11 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Asset Reconstruction Company (India)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ellenbarrie Industrial GasesJun 2025 | 64.2x | 15.2x | 2.14x | 22.2x | ₹856 Cr | +21.5% | +33.6% |
| Medi Assist Healthcare ServicesJan 2024 | 40.1x | 14.9x | 3.19x | 16.2x | ₹1,172 Cr | +10.1% | +23.9% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| R R KabelSep 2023 | 52.3x | 13.2x | 2.13x | 18.7x | ₹1,964 Cr | +14.0% | +17.2% |
| JNK IndiaApr 2024 | 75.7x | 23.3x | 4.11x | 28.1x | ₹651 Cr | +49.6% | +71.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Capital Services | 94 | +19.3% | 71% |
| IDBI Capital Markets & Securities | 7 | +19.1% | 43% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Asset Reconstruction Company (India) IPO price band and lot size? ₹132–139 per share, with a lot of 107 shares, so the smallest retail bid is ₹14,873.
How many times has it been subscribed? 20.1x overall: QIB 52.6x, NII 15.7x, retail 3.39x.
How did it list? It opened at ₹139, +0.0% against the issue price of ₹139, and closed its first day -1.4%.
