India's oldest asset reconstruction firm, ARCIL, plans its first IPO, offering up to 105 million shares.

India's oldest asset reconstruction company, Asset Reconstruction Company (India) Ltd (ARCIL), plans its first Initial Public Offering (IPO) with an offer for sale of up to 105 million shares. Founded in 2002, ARCIL is the second-largest in India by assets under management, with a robust profit after tax (PAT) of ₹355 crore and a PAT margin of 57%. The IPO includes shares from major shareholders like Avenue India Resurgence Pte Ltd and State Bank of India.