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  5. Rubicon Research IPO opens on October 9; financials and 10 key things to watch

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Rubicon Research IPO opens on October 9; financials and 10 key things to watch

Kamal Joshi
By Kamal Joshi

3 min read | Updated on October 08, 2025, 13:33 IST

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SUMMARY

Rubicon Research IPO is a mix of new equity shares worth ₹500 crore and an offer for sale of 1.81 crore shares aggregating to ₹877.50 crore by promoter General Atlantic Singapore RR Pte Ltd. The total issue size is ₹1,377.50 crore.

Rubicon Research is expected to make its stock market debut on October 16.

Rubicon Research is expected to make its stock market debut on October 16. | Image: rubicon.co.in

Rubicon Research IPO: Drug firm Rubicon Research's initial public offering will open for subscription on Thursday, October 9. The issue is aiming to raise ₹1,377.50 crore.

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The bidding for anchor investors will take place on Wednesday, October 8, while the IPO will conclude on Monday, October 13.

As the IPO will open for bidding in less than 24 hours, here are the key things to watch out for.

Rubicon Research IPO: 10 key points to consider ahead of public offer

  1. Rubicon Research IPO subscription period: The initial share sale will be live for bidding from Thursday, October 9, to Monday, October 13.
  2. IPO offer structure: It is a mix of new equity shares worth ₹500 crore and an offer for sale of 1.81 crore shares aggregating to ₹877.50 crore by promoter General Atlantic Singapore RR Pte Ltd. The total issue size is ₹1,377.50 crore.
  3. Rubicon Research IPO price band: The price range has been set at ₹461 to ₹485 per share.
  4. Reservation: The company has set aside 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
  5. Rubicon Research IPO lot size: Retail investors can apply for at least 30 shares.
  6. Objectives: Proceeds to the tune of ₹310 crore from the fresh issue will be used for debt repayment, and a part will be allocated for inorganic growth via acquisitions, strategic initiatives, and general corporate purposes.
  7. Book-running lead manager: Axis Capital, JM Financial, SBI Capital Markets and IIFL Capital Services are the IPO's book-running lead managers.
  8. Registrar: KFin Technologies serves as the registrar of the IPO.
  9. Rubicon Research IPO allotment date: The basis of allotment is likely to be finalised on October 14.
  10. Listing date: The listing on the BSE and the National Stock Exchange (NSE) will take place on October 16.
WeWork India IPO allotment: How to check online on MUFG Intime India, NSE, BSE; listing date and time here

Rubicon Research IPO: Financials

(₹ Crores)FY25FY24FY23
Revenue12,842.728,538.893,935.19
Total Assets14,514.3211,094.887,497.04
Net Profit/(Loss)1,343.61910.12(168.88)

Rubicon Research IPO GMP

According to investorgain.com and media reports, the unlisted shares of Rubicon Research are trading at ₹565, reflecting a grey market premium of ₹80 or 16.49% over the upper price band of ₹485.
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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