Newsletter
Asset Reconstruction Company India Ltd (ARCIL) has filed its Draft Red Herring Prospectus with SEBI, moving ahead with its plans to go public.
What they do: ARCIL is a private Asset Reconstruction Company that manages distressed assets across corporate, SME, and retail loans. ARCIL was India’s first ARC and remains one of the largest.
The deets: the IPO will be a pure offer for sale of up to 10.5 crore equity shares.
By the numbers: ARCIL is heading into the IPO with strong numbers behind it. In FY24, it made a profit of ₹305.3 crore, which was the second highest among all asset reconstruction companies in India. ARCIL works across three areas: corporate loans, SME and business loans, and retail loans.
The listing could give investors rare exposure to India’s distressed debt market, an area gaining steam as banks clean up balance sheets.
