Rubicon Research IPO Sees Strong Demand
Rubicon Research Limited aims to raise Rs 1377.50 crore through its initial public offering (IPO), which concluded its final day of public bidding on October 13.
The issue saw an overall subscription of 103.90 times, with investors bidding for 170.96 crore shares against the total shares on offer.
- Qualified Institutional Buyers (QIBs) booked 130.26 times
- Non-Institutional Investors (NIIs) booked 97.61 times
- Retail Individual Investors (RIIs) booked 35 times
The company aims to raise Rs 1377.50 crore from the public offering of 2.84 crore equity shares.
The basis of allotment for the IPO shares is expected to be finalised on October 14, 2025.
Author's summary: Rubicon Research IPO sees 103x subscription.