How to Check Rubicon Research IPO Allotment Scheduled for October 14?

Rubicon Research Ltd is set to finalise the IPO allotment on Tuesday, October 14, after receiving an overwhelming response from investors. The ₹1,377.5 crore Rubicon Research IPO is a book-built issue, comprised a fresh issue of 1.03 crore equity shares aggregating to ₹500 crore, along with an Offer for Sale (OFS) of 1.81 crore shares worth ₹877.5 crore.

Massive Subscription Across Categories

The IPO was open for bidding from October 9 to October 13 and witnessed robust participation across investor categories. The issue was subscribed to an impressive 103.89 times, with nearly 171 crore shares bid against the total offer of 1.64 crore shares.

• Retail Investors subscribed 35.47 times their quota
• Non-Institutional Investors (NIIs) saw a subscription of 97.61 times
• Qualified Institutional Buyers (QIBs) led the demand with 130.26 times subscription
• The Employee quota was oversubscribed by 16.80 times

Use of Funds

Rubicon Research will allocate ₹310 crore from the net proceeds towards repayment or prepayment of certain outstanding borrowings. The remaining funds will support inorganic growth through acquisitions, other strategic initiatives, and general corporate purposes.

Rubicon Research IPO Allotment: How to Check

Investors can check their allotment status through the BSE, NSE, or the official portal of the registrar, MUFG Intime India Pvt. Ltd using the following steps:

On BSE Website

1. Visit: BSE Allotment Page
2. Select ‘Equity’ as the issue type
3. Choose ‘Rubicon Research Ltd’ from the dropdown
4. Enter your Application Number or PAN
5. Click on ‘Search’ to view your allotment status

On MUFG Intime India Website

1. Visit: MUFG IPO Allotment Page
2. Select ‘Rubicon Research Ltd’ from the dropdown list
3. Choose one of the following: PAN, Application No., DP/Client ID, or Account No./IFSC
4. Fill in the required details
5. Click ‘Submit’ to view your allotment

Listing & Refund Timeline

• Credit of shares to demat accounts: Wednesday, October 15
• Refunds for non-allottees: Initiated on the same day
• Listing on NSE & BSE: Thursday, October 16

Also Read: Canara Robeco IPO Allotment Status Today; Shares to Be Credited on Oct 15

About Rubicon Research Ltd.

Established in 1999, Rubicon Research is a pharmaceutical company specialising in the development, manufacture, and commercialisation of differentiated formulations. With a focus on innovation and quality, the company serves global markets across multiple therapeutic areas.

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