ListedMainboardPharmaceuticals & DrugsRUBICON

Rubicon Research IPO

Rubicon Research IPO is a mainboard IPO raising ₹1,377 Cr at ₹461 – ₹485 a share. It listed on 16 Oct 2025 at ₹620, +27.8% against its issue price of ₹485, and trades at ₹1,839 today (+279.3% since issue). It was subscribed 104× in total.

485
Issue price
1,839
Price now
+279.3%
Since issue price
16 Oct 2025
Listed on
104×Subscribed (final) · all exchanges

103.9 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

How its cohort has done

104 mainboard issues listed in 2025 that we can price today. This is the group this issue belongs to.

+1.6%
Median return since issue price
49%
Now trading below their issue price

Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →

How the book finished

The category split is the number worth reading, not the total.

QIB130×
Non-institutional98×
Retail35×

QIB: 130× their allocation. Retail: 35×.

See the full split, sub-category by sub-category →

What we hold for this issue

Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.

Category split — who bidQIB, non-institutional and retail, with sub-splits
How demand built over timeFinal figure held, but no series — we were not sampling this issue while it was live
Price-point demand curveLive only — NSE stops serving this once bidding closes
Lead managers and registrar4 banks
Official documents4 documents
Listing-day priceOpened at ₹620 on debut
Performance since listingComputed from our own daily closes

Led by Axis Capital Limited — median +35.0% across the 112 of its issues we can price. All lead managers →

What happens when

8 OctPre-apply
9 OctBidding opens
13 OctBidding closes
15 OctAllotment
15 OctRefunds
16 OctListing
24 NovMandate ends

Track RUBICON RESEARCH LIMITED

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Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.