Rubicon Research Debuts At Nearly 30% Premium After Solid IPO Bidding
Rubicon Research listed on the National Stock Exchange at Rs 620, implying a 27.84% premium over its issue price of Rs 485.
The company's initial public offering (IPO) closed with a strong subscription on the last day of bidding, with investors bidding for 1,70,96,80,620 shares against the 1,64,55,670 shares on offer, resulting in an oversubscription of 103.90 times.
- The IPO opened for subscription on October 9.
- The share allotment status was finalized on October 14.
- The Rubicon Research IPO is a book-built issue of Rs 1,377.50 crore, comprising a fresh issue.
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Author's summary: Rubicon Research debuts with a 30% premium after a successful IPO.