Arcil filed IPO documents with SEBI Tezzbuzz  |  02/08/2025 23:24:32
Business Business,The Asset Reconstruction Company (India) Limited (ARCIL) has filed its draft Red Herring Prospects (DRHP) with the Securities and Exchange Board of India (DRHP), which is a step towards its initial public issue (IPO).

This IPO will be a pure offer for sale (ORS) of 10.5 crore equity shares with an inscribed price of Rs 10 per share. The sales shareholders include: Avenue India Resurgence Private Limited, which is offering 6.87 crore shares. State Bank of India (SBI) is offering 1.94 crore shares. Lath Investment Private Limited, which is offering 1.62 crore shares and Federal Bank, which is offering 10.35 lakh shares.

Established in 2002, Arcil was India’s first asset reconstruction company and is currently one of the largest private ARC. According to recent data, its under managing assets (AUMs) are Rs 15,230 crore and the net price is Rs 2,462 crore, which makes it the second largest based on both standards in the private ARC sector.

ARCIL provides corporate loans, SMEs and other loans, and retail loans, and earns revenue from management fees, recovery fees, investment and right-back.

The company’s chief sponsors are Avenue India Resurgence (an associate company of Avenue Capital Group) and SBI. It is led by CEO Pallava Mahapatra and a senior leadership team experienced in banking and asset recovery.

Read more
Nationwide issue security update for its account holders
Newspoint
AAP Spokesperson Criticised After Posting Video Of Walking Dog In Waterlogged Delhi Street, Netizens Question 'Risking Pet's Life For Politics'
Newspoint
I visited a picturesque hidden gem just 10 minutes away from the capital of Santorini
Newspoint
US Agribusiness Giants Eye Bigger Share Of Indian Market Amid Tariff Tensions
Abplive
I visited one of the UK's most popular cities but left underwhelmed - not London or Bath
Newspoint
Arsenal and Liverpool target Rodrygo makes huge transfer demand that rules out Tottenham
Newspoint
'Cheapest time of day' to use your washing machine in August to shave '50%' off your bills
Newspoint
The tiny UK village with Europe's biggest antiques centre - 300 dealers on ex-RAF base
Newspoint
Bananas will stay fresh and firm 1 week longer when placed in 1 spot in the kitchen
Newspoint
Om Raut speaks about 'beautiful' portrait of Lokmanya Tilak at his native place
Newspoint