Arcil sets IPO price band at Rs 132-139, opens September 9

economictimes.indiatimes.com

Asset Reconstruction Company (India) Ltd (Arcil) has set a price band of Rs 132-139 per share for its Rs 733 crore IPO, which opens for public subscription on September 9 and closes on September 11. The IPO is entirely an Offer For Sale of 5.27 crore shares by promoters Avenue India Resurgence Pte Ltd and State Bank of India, along with existing shareholders Lathe Investment Pte Ltd and The Federal Bank Ltd. Arcil will not receive any proceeds from the issue. Anchor investor bidding will take place on September 8, with listing on BSE and NSE expected on September 17. The company cited enhanced visibility, brand value, and shareholder liquidity as reasons for the listing.


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Arcil sets IPO price band at Rs 132-139, opens September 9 | News Minimalist