Rubicon Research Debuts at Nearly 30% Premium After Solid IPO Bidding
Rubicon Research listed on the National Stock Exchange at Rs 620, implying a 27.84% premium over its issue price of Rs 485.
The initial public offering (IPO) of Rubicon Research Ltd. closed with a strong subscription on the last day of bidding, oversubscribed 103.90 times.
- IPO opened for subscription on October 9
- Share allotment status finalized on October 14
- IPO is a book-built issue of Rs 1,377.50 crore
The company listed on BSE at Rs 620.10 apiece, indicating a premium of 27.86%.
Author's summary: Rubicon Research debuts with a 30% premium.