ARCIL IPO: Asset Reconstruction Company (India) Limited (ARCIL) has filed its draft papers with markets regulator SEBI to float its initial public offering (IPO), with hopes of becoming listed as India’s oldest asset reconstruction company.
ARCIL is the latest among a number of companies that have sought SEBI nod to float their public offers amid an ongoing IPO flood at the primary markets in India.
Here are key things to know about the ARCIL IPO
- The ARCIL IPO will be entirely an offer for sale issue, with no fresh issue component. Promoters will offload over 10.5 crore shares through the initial share sale, the draft red herring prospectus (DRHP) filed with SEBI shows.
(This is a developing story. Check back for updates)
