Price Band fixed at ₹ 132 per equity share of face value ₹10 each to ₹139 per equity share of the face value of ₹10 each (“Equity Shares”) of Asset Reconstruction Company (India) Limited (the “Company”)
Anchor Investor Bidding Date – Tuesday, September 08, 2026
Bid /Offer Opening Date – Wednesday, September 09, 2026, and Bid/ Offer Closing Date – Friday, September 11, 2026
Bids can be made for a minimum of 107 Equity Shares of face value Rs 10 each and in multiples of 107 Equity Shares thereafter
Red Herring Prospectus (“RHP”) link: www.arcil.co.in
National, September 03, 2026 ( TGN ): Asset Reconstruction Company (India) Limited (the “Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹10 each (“Equity Shares”) on Wednesday, September 09, 2026. The Anchor Investor Bidding Date is a Working Day prior to Bid/Offer Opening Date, being Tuesday, September 08, 2026. The Bid/Offer Closing Date is Friday, September 11, 2026.
The Price Band of the Offer has been fixed from ₹ 132 per Equity Share of face value ₹ 10 each to ₹139 per Equity Share of face value of ₹ 10 each. Bids can be made for a minimum of 107 Equity Shares of face value ₹ 10 each and multiples of 107 Equity Shares of face value ₹ 10 each thereafter.
The Offer comprises an offer for sale of up to 5,27,31,946 Equity Shares of face value ₹10 each by certain existing shareholders including up to 24,823,910 Equity Shares of face value of ₹10 each by Avenue India Resurgence Pte. Ltd., up to 10,963,062 Equity Shares of face value of ₹10 each by State Bank of India (together with Avenue India Resurgence Pte. Ltd. the “Promoter Selling Shareholders”), up to 16,244,858 Equity Shares of face value of ₹10 each by Lathe Investment Pte. Ltd. (the “Investor Selling Shareholder”) and up to 700,116 Equity Shares of face value of ₹10 each by The Federal Bank Limited (the “Other Selling Shareholder”, together with the Promoter Selling Shareholders and Investor Selling Shareholder, the “Selling Shareholders”).
The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (such portion referred to as “QIB Portion”), provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which up to 40% of the Anchor Investor Portion shall be reserved in the following manner: (i) 33.33% shall be reserved for allocation to domestic Mutual Funds, and (ii) up to 6.67% shall be reserved for life insurance companies and pension funds, subject to valid Bids being received from domestic Mutual Funds, life insurance companies and pension funds respectively at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription in (ii) above, the allocation may be made to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (the “Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to all QIBs.
Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two third of such portion shall be reserved for applicants with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank(s) under the UPI Mechanism, as applicable, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process
The Equity Shares are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the Offer, NSE shall be the Designated Stock Exchange.
IIFL Capital Services Limited (formerly known as IIFL Securities Limited), IDBI Capital Markets & Securities Limited and JM Financial Limited are the Book Running Lead Managers.
