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Rubicon Research Ltd IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹105 +21.65% Est. Listing ₹590 P&L/Lot +₹3,150
Issue Price
₹485
Face ₹1
GMP
+₹105
+21.65% premium
Est. Listing
₹590
GMP based
Lot Size
30
shares / lot
Min Amount
₹14,550
1 lot · 30 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
09 Oct 2025
Thu Completed
Done
Close Date
13 Oct 2025
Mon Completed
Done
Allotment
14 Oct 2025
Tue Completed
Done
Refund
15 Oct 2025
Wed Completed
Done
Demat Credit
15 Oct 2025
Wed Completed
Done
Listing Date
16 Oct 2025
Thu Completed
UPI Deadline: 13 Oct 2025
Issue Details
Pricing & Size
Issue Price
₹485 Face ₹1
Lot Size
30 shares
Min Investment
₹14,550
Total Issue Size
2,84,02,040 shares (aggregating up to ₹1,377.50 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
85,06,804
NII / HNI
42,54,299 (27.21%)
Retail
28,36,200 (18.14%)
Employee
40,046 (0.26%)
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
15,44,37,251 shares
Post-Issue Shareholding
16,47,46,529 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 30 ₹14,550
HNI / NII 69 2,070 ₹10,03,950
Objects of Issue
2 objectives
1
Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the Company
310 Cr
2
Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
Axis Capital Ltd
IIFL Capital Services Ltd
JM Financial Ltd
SBI Capital Markets Ltd
IPO Timeline
Open
09 Oct
✓ Done
Close
13 Oct
✓ Done
Allotment
14 Oct
✓ Done
Listing
16 Oct
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
rubicon.ipo@linkintime.co.in
Company Contact
Email
investors@rubicon.co.in
Phone
022 61414000
Address
MedOne House, B-75, Road No. 33, Wagle Estate, Thane, Maharashtra, 400604
Grey Market Premium
LIVE
Current GMP
+₹105
+21.65% vs Issue Price
Issue Price
₹485
Est. Listing
₹590
Lot Size
30 shares
P&L / Lot
+₹3,150
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Rubicon Research Ltd LIVE
INR ·
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| Price
Market Reference
IPO Issue Price
₹485
GMP
+₹105 (+21.65%)
GMP Est. Listing
₹590
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 85,06,804 ₹412.58 Cr
NII / HNI (Total) 42,54,299 (27.21%) ₹20,633.35 Cr
Retail Investors 28,36,200 (18.14%) ₹13,755.57 Cr
Employee 40,046 (0.26%) ₹19.42 Cr
Total ** 1,56,37,349 (100.00%) ₹758,411.43 Cr
* Based on ₹485.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
85,06,804
NII
42,54,299 (27.21%)
Retail
28,36,200 (18.14%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Jun 202531 Mar 202531 Mar 2024
Revenue356.951296.22872.39
PAT43.30134.3691.01
EBITDA79.74267.89173.09
Net Worth593.67540.98385.00
Total Assets1647.601451.431109.49
Reserves397.50525.57369.79
Borrowings495.78393.17396.41
Key Financial Ratios
29.02%
ROE
Return on Equity
26.45%
ROCE
Return on Capital Employed
29.02%
RONW
Return on Net Worth
10.37%
PAT Margin
PAT / Revenue
20.67%
EBITDA Mgn
EBITDA / Revenue
0.73
D/E Ratio
Debt to Equity
13.65
P/BV
Price to Book Value
8.70
Pre EPS
EPS Pre-Issue
10.51
Post EPS
EPS Post-Issue
55.75
Pre P/E
P/E Pre-Issue
46.13
Post P/E
P/E Post-Issue
About Rubicon Research Ltd

Incorporated in 1999, Rubicon Research Limited is a pharmaceutical company engaged in the development, manufacturing, and commercialization of differentiated formulations.

As of June 30, 2025, Rubicon Research had a portfolio of 72 active Abbreviated New Drug Application (ANDA) and New Drug Application (NDA) products approved by the US FDA. The company’s portfolio includes 66 commercialized products, with a US generic pharmaceutical market size of USD 2,455.7 million, of which Rubicon Research Limited contributed USD 195 million in Fiscal 2024.

As of June 30, 2025, the company has 17 new products awaiting US FDA ANDA approval and 63 products at various stages of development.

As of June 30, 2025, the company marketed over 350 SKUs to 96 customers, including three major wholesalers who, account for more than 90% of wholesale drug distribution in the US. The company also supplies group purchasing organizations (GPOs), national pharmacy chains, regional pharmacy chains, and managed care organizations.

Beyond the US market, Rubicon Research Limited, directly or through third-party distribution partners, has registered or filed 48 product applications across Australia, the United Kingdom, Singapore, Saudi Arabia, and the United Arab Emirates and expects to commence commercial activities upon approval. The company also provides contract manufacturing services to select customers in India, Australia, and New Zealand.

Rubicon Research Limited operates three manufacturing facilities in India and two US FDA inspected R&D facilities-one each in India and Canada.

Competitive strengths

  • Fastest-growing Indian pharmaceutical company amongst peers.
  • Data-driven product selection framework
  • Strong R&D capabilities
  • Robust sales and distribution capabilities in the US
  • Strong track record of compliance combined with expertise in cost effective manufacturing
  • Experienced and entrepreneurial management team
Frequently Asked Questions
What is the issue price of Rubicon Research Ltd IPO?
The issue price of Rubicon Research Ltd IPO is ₹485 per share, face value ₹1.
What is the lot size?
Minimum lot size is 30 shares, requiring ₹14,550.
What are the IPO dates?
Opens 09 Oct 2025, closes 13 Oct 2025.
When is the listing date?
Tentative listing: 16 Oct 2025 on NSE & BSE.
What is the current GMP?
Current GMP is +₹105, estimated listing ₹590 (+21.65%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Rubicon Research Ltd IPO · Expected 14 Oct 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
14 Oct 2025
Refund Initiation
15 Oct 2025
Demat Credit
15 Oct 2025
Listing Date
16 Oct 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹105
+21.65%
Issue Price
₹485
Face ₹1
Lot Size
30
shares / lot
Min Amount
₹14,550
1 lot
Est. Listing
₹590
GMP +₹105
Key Dates
Open
09 Oct Done
Close
13 Oct Done
Listing
16 Oct Done
Registrar
MUFG Intime India Pvt.Ltd
A
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