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Asset Reconstruction IPO
Price Band
₹132.0–139.0
Issue Size
₹732.97 Cr
Lot Size
107 shares
Min Investment
₹14,873
GMP
+₹12.0 (8.63%)
Issue Price
₹139.0
Subject to Sauda
₹1000
Paid only if allotted
Asset Reconstruction IPO AI Summary
- Asset Reconstruction IPO is listed on BSE, NSE in the Non Banking Financial Company (NBFC) sector.
- Price band: ₹132.0–₹139.0 per share, lot size 107 shares (min. investment ₹14,873).
- Subscription window: 09 Sep–11 Sep 2026, listing on 17 Sep 2026.
- Current GMP is +₹12.0 (8.63%), an estimated listing price of ₹151 — unofficial and can change daily.
Asset Reconstruction is a leading player in the asset reconstruction space in India, with a strong financial track record and significant growth potential. The IPO is attracting considerable interest, particularly from institutional investors, reflecting confidence in the company's business model and market position.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Asset Reconstruction IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
20.10x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
52.65x
|
53x ✓ |
| NII (HNI) |
15.69x
|
16x ✓ |
| ↳ bNII (>₹10L) |
16.74x
|
17x ✓ |
| ↳ sNII (<₹10L) |
13.58x
|
14x ✓ |
| Retail (RII) |
3.39x
|
3.39x |
| Total | 20.10x | 20.10x |
Auto-updated every 5 min · As of 11th Sep 2026 18:56
Asset Reconstruction IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+8.63%
Est. Listing
₹151.0
Updated: 17 Sep 2026 08:15
GMP Trend (Last 15 Days)
About the Company
Asset Reconstruction is a leading Asset Reconstruction Company (“ARC”) operating across India, specializing in the acquisition and resolution of stressed financial assets. Its core business involves acquiring non-performing assets (NPAs) from banks and financial institutions and implementing effective resolution strategies through restructuring, enforcement of rights over underlying securities, and settlements. It operates across three business verticals; 1. Corporate Loans 2. SME, and 3. Other loans and retail loans. Key Data Second largest ARC in terms of Assets under Management (AUM) of Rs 152,300.31 million, as of March 31, 2024. Second largest ARC with net worth of Rs 24,625.11 million, as of March 31, 2024. Total AUM reported at Rs 168,525.70 million as of March 31, 2025, includes 75.48% corporate loans, 16.31% retail loans, and 8.22% SME loans. As of March 31, 2025, it has 201 registered values and 163 collection agents. Network of 13 offices across 12 states, 193 personnel. Key Strengths India’s First ARC with the second Largest AUM Expertise in Acquiring Stressed Assets with increasing investment in SRs Ability to Implement Resolution Strategies and a Robust Collections Framework Track Record of Consistent Financial and Operational Performance Experienced Board of Directors, Management Team and Marquee Investors
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹12.55
NAV
₹81.97
RoNW
13.59%
P/B Value
1.70
P/E Ratio
11.08
Market Cap
₹4516.07 Cr
PAT Margin
57.00%
Debt/Equity
0.11
Promoters
Avenue India Resurgence Pte.Ltd., State Bank of India
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹574.11 Cr in the year ended 31 Mar 2024, rising to ₹623.40 Cr by 31 Mar 2025, and further increasing to ₹785.08 Cr by 31 Mar 2026. This indicates a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax (PAT) was ₹305.34 Cr for the year ending 31 Mar 2024, increasing to ₹355.32 Cr by 31 Mar 2025, and further rising to ₹407.84 Cr by 31 Mar 2026. This shows a positive growth trend in profitability across the reported periods.
Valuation
The company has an EPS of ₹12.55, and at the issue price of ₹139.0, this implies a P/E ratio of approximately 11.08. This is relatively low compared to the industry average, suggesting potential undervaluation.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on demand in the unofficial market. A positive GMP suggests that investors anticipate the stock will list higher than its issue price.
Subscription Demand
The IPO has seen significant interest, with a total subscription of 20.1 times as of 11th Sep 2026. The institutional segment (QIB) was particularly strong, with a subscription rate of 52.65 times, indicating robust demand from institutional investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's financial health and market position. Consideration of the company's growth potential and sector dynamics is essential.
Who May Want to Wait
Investors with a low risk tolerance or those seeking immediate returns might consider avoiding this IPO, as investments in such companies can be subject to market fluctuations and longer timelines for growth.
IPO Timeline, Explained
The IPO opens for subscription on 9th September 2026 and closes on 11th September 2026. Allotment of shares will be done by 15th September 2026, with the listing date set for 17th September 2026.
Listing Gains — The Risk
Listing gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance. It is important for investors to understand that the stock may not always perform as expected on the listing day.
This evaluation is generated from Asset Reconstruction's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Asset Reconstruction IPO GMP today?
Asset Reconstruction IPO GMP today is +₹12.0 (8.63%), indicating an estimated listing price of ₹151. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Asset Reconstruction IPO?
The price band of Asset Reconstruction IPO is ₹132.0–₹139.0 per share.
When does Asset Reconstruction IPO open and close?
Asset Reconstruction IPO opens on 09 September 2026 and closes on 11 September 2026.
When does Asset Reconstruction IPO list on the stock exchange?
Asset Reconstruction IPO listed on 17 September 2026 at ₹151.0.
What is the lot size for Asset Reconstruction IPO?
The lot size for Asset Reconstruction IPO is 107 shares, requiring a minimum investment of ₹14,873.
What is the price band for the IPO?
The price band for the IPO is ₹132.0 to ₹139.0.
What is the minimum investment required?
The minimum investment required is ₹14,873.0.
What is the lot size for the IPO?
The lot size for the IPO is 107 shares.
When is the listing date?
The listing date is scheduled for 17th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Listing
17 Sep 2026
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