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  5. Asset Reconstruction IPO subscribed 10.67 times so far on Day 3; check allotment date and steps

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Asset Reconstruction IPO subscribed 10.67 times so far on Day 3; check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on September 11, 2026, 14:45 IST

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SUMMARY

The ₹732.97 crore Asset Reconstruction Company IPO comprises only an offer for sale (OFS) of 5.27 crore shares by promoters Avenue India Resurgence and State Bank of India, and investors Lathe Investment and Federal Bank.

Asset Reconstruction Company IPO price band is set at ₹132 to ₹139 per share. | Image: arcil.com

Asset Reconstruction Company IPO price band is set at ₹132 to ₹139 per share. | Image: arcil.com

The initial public offering (IPO) of Asset Reconstruction Company (India) Ltd has received 10.67 times subscription so far on the third day of the share sale on Friday, September 11.

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The company's IPO received bids for 39,39,56,238 shares against 3,69,12,363 shares on offer, according to NSE data until 2:43 pm.

The portion for non-institutional investors got subscribed 5.68 times. The quota for retail investors received 2.22 times subscription and that of qualified institutional buyers (QIBs) 29.22 times.

It has fixed a price band of ₹132 to ₹139 per share for its ₹732.97 crore IPO. The issue comprises only an offer for sale (OFS) of 5.27 crore shares by promoters Avenue India Resurgence and State Bank of India, and investors Lathe Investment and Federal Bank.

"Our company expects that the listing of equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. Listing will also provide a public market for the equity shares in India. Our company will not receive any proceeds from the offer. All proceeds from the offer will go to the selling shareholders, in proportion to the equity shares offered by them in the offer for sale," the company said in its red herring prospectus (RHP).

Asset Reconstruction Company is involved in acquiring stressed assets from banks and financial institutions and executing resolution strategies to maximise recovery and optimise the value of such stressed assets in order to generate revenue streams.

Asset Reconstruction Company IPO: Allotment and listing date

Asset Reconstruction Company IPO allotment status is likely to be finalised on September 15. The company's shares will debut on the NSE and the BSE on September 17.

Glass Wall Systems IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

How to check Asset Reconstruction Company IPO allotment status on BSE

Steps to check Asset Reconstruction Company IPO allotment status on MUFG Intime India

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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