
Healthcare · NSE / BSE
Rubicon Research Limited, incorporated in 1999, is a pharmaceutical company focused on developing, manufacturing, and commercializing differentiated formulations. As of June 30, 2025, it has 72 US FDA-approved ANDA and NDA products, with 66 commercialized in a US generic market worth USD 2,455.7 million, contributing USD 195 million in Fiscal 2024. The company has 17 products awaiting US FDA approval and 63 in development, marketing over 350 SKUs to 96 customers, including major wholesalers, pharmacy chains, GPOs, and managed care organizations. Globally, Rubicon has registered or filed 48 products across Australia, the UK, Singapore, Saudi Arabia, and the UAE, planning commercial launch upon approval, and offers contract manufacturing in India, Australia, and New Zealand. Its operations include three manufacturing facilities in India and two US FDA-inspected R&D centers in India and Canada.
Price Band
₹461 – ₹485
Issue Size
₹1378 Cr
Lot Size
30 shares
GMP
+24.7%
Est. Listing
₹605
at current GMP
Subscribed
109.33x
overall
Open
9 Oct 2025
Close
13 Oct 2025
Allotment
14 Oct 2025
Refund
15 Oct 2025
Demat Credit
16 Oct 2025
Listing
16 Oct 2025
Designated Registrar: Link Intime India Private Ltd (MUFG)
Allotment Date
14 Oct 2025
Basis finalization
Refunds Initiate
15 Oct 2025
Mandate release
Demat Credit
16 Oct 2025
Shares in demat
Listing Debut
16 Oct 2025
Trading begins
Rubicon Research Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹1,377.5 Crores. The shares are offered at a price band of ₹461 to ₹485 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 30 shares (approx. ₹14,550 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Ltd (MUFG). Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-16, while un-allotted funds or UPI block mandates will be released on 2025-10-15.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.