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 and trades at ₹1,538 today, +217.1% against its issue price of ₹485. It was subscribed 104× in total.
103.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 89,52,820 | 1,16,61,67,740 | 130× |
| Foreign Institutional Investors | no separate quota | 33,82,70,040 | n/a |
| Domestic Financial Institutions | no separate quota | 50,65,22,460 | n/a |
| Mutual funds | no separate quota | 5,86,09,740 | n/a |
| Others | no separate quota | 26,27,65,500 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 44,76,409 | 43,69,39,170 | 98× |
| Non Institutional Investors | 29,84,273 | 33,40,22,190 | 112× |
| Corporates | no separate quota | 41,37,120 | n/a |
| Individuals | no separate quota | 31,05,73,290 | n/a |
| Others | no separate quota | 1,93,11,780 | n/a |
| Non Institutional Investors | 14,92,136 | 10,29,16,980 | 69× |
| Corporates | no separate quota | 1,86,960 | n/a |
| Individuals | no separate quota | 9,81,25,350 | n/a |
| Others | no separate quota | 46,04,670 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 29,84,273 | 10,58,65,470 | 35× |
| Cut Off | no separate quota | 8,69,39,970 | n/a |
| Price bids | no separate quota | 1,89,25,500 | n/a |
| Employees | 42,168 | 7,08,240 | 17× |
| Cut Off | no separate quota | 5,56,320 | n/a |
| Price Bids | no separate quota | 1,51,920 | n/a |
| Total | 1,64,55,670 | 1,70,96,80,620 | 104× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 06:07 pm IST.
How demand built
Only one reading so far. We sample subscription every hour and store it whenever it moves, so this becomes a curve as bidding runs.