Asset Reconstruction Company (India) Ltd, popularly known as ARCIL, will open its IPO for subscription on September 9, with the issue set to close on September 11. The IPO will be a book-built issue and will be listed on both BSE and NSE. The tentative listing date has been fixed as September 17, while the basis of allotment is expected to be finalised on September 15. Refunds and the credit of shares to demat accounts are likely on September 16.
The issue will be entirely an offer for sale of 5.27 crore shares of face value Rs 10 each. Since the IPO is a 100% OFS, the company will not receive any proceeds from the issue. The money raised will go to the selling shareholders.
