Asset Reconstruction IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.09 | 0.10 | 52.65 |
| NII | 0.33 | 1.03 | 15.69 |
| bNII | 0.19 | 0.68 | 16.74 |
| sNII | 0.60 | 1.74 | 13.58 |
| RII | 0.56 | 1.24 | 3.39 |
| Total | 0.38 | 0.87 | 20.10 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Asset Reconstruction IPO minimum market lot is 107 shares with ₹14,873 application amount. The Asset Reconstruction IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Business Overview
Asset Reconstruction Company (India) Limited, incorporated in February 2002, is a company that helps banks and financial institutions recover money from bad or stressed loans. It buys these troubled loans from banks and other financial institutions and then tries to recover the money through methods such as restructuring, settlement, legal action, enforcement of assets, and collections. The company received approval from the Reserve Bank of India (RBI) in August 2003 to start its asset reconstruction business and is recognised as the first Asset Reconstruction Company (ARC) incorporated in India.
Its business is mainly divided into three areas: corporate loans, SME and other loans, and retail loans. It works with banks, financial institutions, NBFCs and housing finance companies to acquire stressed loans and has also been expanding its retail loan business. The company earns income mainly through fees and investments and uses lawyers, collection agents, valuers and data analytics to support loan recovery.
Asset Reconstruction IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Asset Reconstruction IPO Review and Rating
- May Apply For Long-term View
Asset Reconstruction IPO Form
How to apply for the Asset Reconstruction IPO? You can apply for Asset Reconstruction IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Asset Reconstruction IPO in the Invest section. The other option is you can apply for Asset Reconstruction IPO via IPO forms downloaded online. Check out the Asset Reconstruction forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
