Rubicon Research IPO launched with much anticipation, and as of day 3, it has drawn strong investor interest.
Rubicon Research IPO: What’s going on?
The company Rubicon Research, which develops and manufactures pharmaceutical formulations, has come out with an IPO (Initial Public Offering). This is when a private company offers its shares to the public for the first time. The price band is set between ₹461 and ₹485 per share. Their total issue is split as follows: ₹500 crore is a fresh issue (meaning the company will raise new funds) and ₹877.5 crore is an Offer for Sale (OFS), where existing shareholders are selling their shares.
By day 3 of the IPO, demand has surged. The IPO is subscribed about 22.78 times in total. Breaking it down:
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Retail investors (individuals) subscribed 20.22 times
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Qualified Institutional Buyers (QIBs) subscribed 9.22 times
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Non-institutional (high-net worth) category got 51.71 times subscription.
What this means is that for every share available, many more people want to buy it, so shares will be allocated by some formula (not everyone gets the full amount they applied for).
The money raised will be used partly to repay debt and the rest for acquisitions and general corporate purposes.
A “lot” in this IPO means 30 shares (and in multiples of 30).
IPO Allotment & Listing Date
Once an IPO subscription ends, the next big questions are: When will the shares be allotted, and When will they get listed on the stock exchanges?
For Rubicon Research:
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The basis of allotment is expected to be finalized on Tuesday, October 14.
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The listing on BSE and NSE is expected on Thursday, October 16.
So if you applied, you should see whether your application was successful after October 14, and your shares (if allotted) should hit your Demat account when listing happens.
How to Check Your Rubicon Research IPO Allotment Status
You can check allotment status via three main routes: NSE, BSE, or the Registrar’s portal (MUFG Intime India). Here’s how you do each:
On NSE
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Go to the NSE IPO bid check page (“Equity & SME IPO bid details”)
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Select “RUBICON” from the symbol list
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Enter your application number and PAN
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Submit, and it will tell you if you got any shares
On BSE
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Go to BSE’s IPO allotment check page
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Select “Equity” as the issue type
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Choose “Rubicon Research Limited”
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Enter your PAN or application number
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Search to see your allotment status
On MUFG Intime India (Registrar)
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Visit MUFG Intime India’s IPO allotment page
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From the IPO dropdown, select “Rubicon Research Limited”
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Provide Application No, PAN, or DP/Client ID & other required fields
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Submit to see allotment status
If you are wondering, “Why is checking allotment status important?” — imagine you applied for 60 shares (2 lots). If the IPO is 20× subscribed, maybe you will only get 10 shares or maybe just 30 shares, depending on how the shares are distributed among applicants. That’s why you must check.
Grey Market Premium (GMP) & What It Indicates
In IPOs, there’s something called Grey Market Premium (GMP) — it’s a kind of unofficial market outside the regulated exchanges, where shares are traded before formal listing. For Rubicon Research, the unlisted shares seem to be trading around ₹581, which is roughly ₹96 higher than the upper price band of ₹485. That gives a GMP of ~19.79%.
What does that tell us? It signals strong demand and optimism among traders that once the stock officially lists, it may open high. But remember, GMP is not regulated by SEBI or exchanges. It’s a sentiment indicator, not a guarantee.
What Should an Investor Do?
If you’re someone who applied:
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Wait until the allotment is finalized (around October 14).
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Check your status via NSE, BSE or registrar’s portal using your application number and PAN.
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If your shares are allotted, they’ll get credited when the stock lists (October 16).
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If you didn’t get allotment, your application money will be refunded.
If you haven’t applied yet, watch the listing. Sometimes, stocks list at premiums, and people buy after listing. But IPOs come with risks too — prices may fall, or the business may not perform as expected.
H2: Rubicon Research IPO Demystified for Investors
Rubicon Research IPO demystified for investors — this is your guide to understand how much demand it got, how and when allotment happens, how to check your status, and what grey market activity tells you.
Using real numbers and steps, I hope this blog helps you feel confident and informed when dealing with IPOs like Rubicon Research. If you like, I can also prepare a “Post-listing strategy” blog for this IPO or others. Do you want me to write that next?
