{
  "id": 5250857,
  "title": "Arcil sets price band at ₹132-139 for ₹733 crore IPO; issue to open on Sep 9",
  "url": "https://urgent.news/2026/09/03/arcil-sets-price-band-at-132-139-for-733-crore-ipo-issue-to-open-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T04:42:38.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/arcil-sets-price-band-at-132-139-for-733-crore-ipo-issue-to-open-on-sep-9/article71422295.ece"
  },
  "original_language": "en",
  "account": "Asset Reconstruction Company (India) Ltd, commonly known as Arcil, has announced a price range of ₹132-139 per share for its upcoming Initial Public Offering (IPO). The IPO is projected to raise up to ₹733 crore and is an Offer For Sale (OFS), meaning proceeds will go to existing shareholders. The IPO will be open for subscription from September 9 to September 11, with anchor investor bidding beginning on September 8. The shares will be sold by promoters Avenue India Resurgence Pte Ltd and State Bank of India, as well as Lathe Investment Pte Ltd and The Federal Bank Ltd. Arcil will not receive any IPO profits as the entire amount will belong to the selling shareholders. The company sees the IPO as a means to increase visibility, provide liquidity to shareholders, and create a public market for its equity shares in India. Arcil's shares will be listed on the BSE and NSE on September 17, with merchant bankers IIFL Capital Services, IDBI Capital Markets & Securities, and JM Financial handling the issue.",
  "summary": "At the upper end of the price band, the issue size is estimated at around ₹733 crore, while at the lower end, it works out to ₹696 crore",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Prasol Chemicals fixes IPO price band at ₹643-676; ₹500-cr issue to open on Sep 8",
        "url": "https://urgent.news/2026/09/03/prasol-chemicals-fixes-ipo-price-band-at-643-676-500-cr-issue-to-open",
        "published": "2026-09-03T05:08:32.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Prasol Chemicals IPO Opens September 8, ₹500-Crore Issue Sets Price Band at ₹643-676",
        "url": "https://urgent.news/2026/09/03/prasol-chemicals-ipo-opens-september-8-500-crore-issue-sets-price",
        "published": "2026-09-03T05:24:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}