Rubicon Research IPO Subscription
ListedUpdated 16 October 2025, 9:15 AM IST· Mainboard
Rubicon Research IPO subscription closed on 13 October 2025 at 109.35x overall by shares. QIB demand came in at 137.09x, NII at 102.71x, and retail at 37.33x. See Retail, SHNI, and BHNI allotment chances in the table…
Rubicon Research IPO subscription closed on 13 October 2025 at 109.35x overall by shares. QIB demand came in at 137.09x, NII at 102.71x, and retail at 37.33x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 14 October 2025. Listing date on NSE and BSE is 16 October 2025.
Rubicon Research IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Oct 2025 | 0.27x | 0.49x | 1.43x | 0.54x |
| Day 2 - 10 Oct 2025 | 2.22x | 1.92x | 4.16x | 2.49x |
| Day 3 - 13 Oct 2025 | 137.09x | 102.70x | 37.40x | 109.35x |
Rubicon Research IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Rubicon Research IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 29.59x | 1 in 30 |
| SHNI (Rs 2L to Rs 10L) | 69.32x | 1 in 69 |
| BHNI (above Rs 10L) | 23.05x | 1 in 23 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Rubicon Research IPO Allotment Status page from 14 October 2025 for your result.
Rubicon Research IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 485.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 412.58 Cr | Rs 56,559.14 Cr | 137.09x |
| FII | - | Rs 16,406.10 Cr | - |
| DFI | - | Rs 24,566.34 Cr | - |
| Mutual Funds | - | Rs 2,842.57 Cr | - |
| Other | - | Rs 12,744.13 Cr | - |
| NII | Rs 206.33 Cr | Rs 21,191.55 Cr | 102.71x |
| bNII (above Rs 10L) | Rs 137.56 Cr | Rs 16,200.08 Cr | 117.77x |
| Corporate | - | Rs 200.65 Cr | - |
| Individual | - | Rs 15,062.80 Cr | - |
| Other | - | Rs 936.62 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 68.78 Cr | Rs 4,991.47 Cr | 72.57x |
| Corporate | - | Rs 9.07 Cr | - |
| Individual | - | Rs 4,759.08 Cr | - |
| Other | - | Rs 223.33 Cr | - |
| Retail | Rs 137.56 Cr | Rs 5,134.48 Cr | 37.33x |
| Cut-off price | - | Rs 4,216.59 Cr | - |
| Fixed price | - | Rs 917.89 Cr | - |
| Employee | Rs 1.94 Cr | Rs 34.35 Cr | 17.69x |
| Cut-off price | - | Rs 26.98 Cr | - |
| Fixed price | - | Rs 7.37 Cr | - |
| Total | Rs 758.41 Cr | Rs 82,919.51 Cr | 109.33x |
Rubicon Research IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 85,06,804 | 1,354 | 0.00x |
| FII | - | 102 | - |
| DFI | - | 76 | - |
| Mutual Funds | - | 55 | - |
| Other | - | 1,121 | - |
| NII | 10,129 | 3,89,682 | 38.47x |
| bNII (above Rs 10L) | 6,753 | 1,55,644 | 23.05x |
| Corporate | - | 1,844 | - |
| Individual | - | 1,45,385 | - |
| Other | - | 8,415 | - |
| sNII (Rs 2L to Rs 10L) | 3,376 | 2,34,038 | 69.32x |
| Corporate | - | 338 | - |
| Individual | - | 2,23,066 | - |
| Other | - | 10,634 | - |
| Retail | 94,540 | 27,97,133 | 29.59x |
| Cut-off price | - | 22,72,258 | - |
| Fixed price | - | 5,24,875 | - |
| Employee | 1,335 | 15,907 | 11.92x |
| Cut-off price | - | 12,865 | - |
| Fixed price | - | 3,042 | - |
| Total | 86,12,808 | 32,04,076 | 0.37x |
What Do These Subscription Numbers Mean?
109.35x overall by shares means bids covered about 109 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 137.09x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (38.47x by applications). Split: SHNI 69.32x, BHNI 23.05x by applications. SHNI and BHNI allotment is by lottery.
At 29.59x subscription by applications, about 1 in 30 retail applicants may get allotment (~3% chance per application). Retail allotment is also by lottery.
Rubicon Research IPO GMP After Subscription
GMP for Rubicon Research IPO stands at Rs 151.00 today, giving an estimated listing price of Rs 636.00 per share.
A subscription of 109.35x combined with a GMP of 31.13% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Rubicon Research IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Rubicon Research IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 October 2025 |
| IPO Close Date | 13 October 2025 |
| Allotment Date | 14 October 2025 |
| Refund Initiation | 15 October 2025 |
| Share Credit to Demat | 15 October 2025 |
| Listing Date | 16 October 2025 |
| Minimum Investment | Rs 14,550.00 |
| Lot Size | 30 shares |
About Rubicon Research IPO
Rubicon Research Limited, established in 1999, is a pharmaceutical formulations company focused on innovation through R&D, specializing in complex generics and drug-device combination products for highly regulated markets, primarily the United States. The company is among the fastest-growing Indian formulations companies, with a strong focus on high-margin specialty products. As of June 2025, Rubicon had 72 active ANDA/NDA approvals from the US FDA, with a high commercialization rate of 86.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Rubicon Research IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Rubicon Research IPO Details
Issue size, price, financials, and company info
Rubicon Research IPO GMP
Live grey market premium and listing estimate
Rubicon Research IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Rubicon Research IPO Allotment
Allotment date, chances, and check by PAN
Rubicon Research IPO Review
SWOT, strengths, risks, and IPO review
Rubicon Research IPO FAQ
Common questions on dates, GMP, and allotment
Rubicon Research IPO Registrar
Registrar website and how to check allotment
Rubicon Research IPO Timeline
Open, close, allotment, and listing dates
Rubicon Research IPO News
Updates, blogs, and latest IPO news
Rubicon Research IPO Subscription FAQs
What is Rubicon Research IPO subscription status today?
Rubicon Research IPO subscription closed on 13 October 2025 with overall subscription of 109.35x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 137.09x, NII 38.47x, Retail 29.59x.
What is the overall subscription of Rubicon Research IPO?
Rubicon Research IPO is subscribed 109.35x overall by shares at close on 13 October 2025. QIB 137.09x, NII 38.47x, and Retail 29.59x.
What is Rubicon Research IPO QIB subscription?
Rubicon Research IPO QIB (Qualified Institutional Buyers) subscription is 137.09x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Rubicon Research IPO Retail subscription?
Rubicon Research IPO Retail subscription is 29.59x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Rubicon Research IPO NII, SHNI, and BHNI subscription?
Rubicon Research IPO NII subscription is 38.47x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 69.32x and BHNI (above Rs 10L) at 23.05x.
What are Rubicon Research IPO retail allotment chances?
At 29.59x subscription by applications, about 1 in 30 retail applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 37.33x. Allotment chances use applications, not share volume.
What are Rubicon Research IPO SHNI allotment chances?
At 69.32x subscription by applications, about 1 in 69 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 72.57x. Allotment chances use applications, not share volume.
What are Rubicon Research IPO BHNI allotment chances?
At 23.05x subscription by applications, about 1 in 23 BHNI applicants may get allotment (~4% chance per application). Allotment is by lottery. Share subscription was 117.77x. Allotment chances use applications, not share volume.
When is Rubicon Research IPO allotment date?
Rubicon Research IPO allotment date is 14 October 2025. Check Rubicon Research IPO Allotment Status on IPOwiz from that day using your PAN.
When does Rubicon Research IPO subscription close?
Rubicon Research IPO subscription closed on 13 October 2025. No new applications are accepted after the close.
What is Rubicon Research IPO GMP today?
Rubicon Research IPO GMP is ₹151 today (+31.13% over issue price ₹485). See live GMP on the Rubicon Research IPO GMP Today page.
What is Rubicon Research IPO issue price and lot size?
Rubicon Research IPO issue price is ₹485 per share. Lot size is 30 shares. Minimum investment is ₹14,550 per lot. Issue size: ₹1377.50 Cr.
When is Rubicon Research IPO listing date?
Rubicon Research IPO listing date is 16 October 2025 on NSE and BSE. Allotment is on 14 October 2025.
How does subscription affect Rubicon Research IPO allotment?
In Rubicon Research IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 109.35x overall, competition is very high.
For allotment results from 14 October 2025, visit the Rubicon Research IPO Allotment Status page. For listing day updates on 16 October 2025, download the IPOwiz App.
Sources
We match Rubicon Research IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.