Rubicon Research IPO

Rubicon Research IPO

SME

Offer Date:

Offer Price
Lot Size
Subscription
Exp. Premium

IPO Details

KeyValue
IPO DateOctober 9, 2025 to October 13, 2025
Listing Date[.]
Face Value₹1 per share
Issue Price Band₹461 to ₹485 per share
Lot Size30 Shares
Sale TypeFresh Capital-cum-Offer for Sale
Total Issue Size2,84,02,040 shares (aggregating up to ₹1,377.50 Cr)
Fresh Issue1,03,09,278 shares (aggregating up to ₹500.00 Cr)
Offer for Sale1,80,92,762 shares of ₹1 (aggregating up to ₹877.50 Cr)
Employee Discount₹48.00
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue15,44,37,251 shares
Share Holding Post Issue16,47,46,529 shares

IPO Important Dates

KeyValue
IPO Open DateThu, Oct 9, 2025
IPO Close DateMon, Oct 13, 2025
Tentative AllotmentTue, Oct 14, 2025
Initiation of RefundsWed, Oct 15, 2025
Credit of Shares to DematWed, Oct 15, 2025
Tentative Listing DateThu, Oct 16, 2025
Cut-off time for UPI mandate confirmation5 PM on Mon, Oct 13, 2025

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)130₹14,550
Retail (Max)13390₹1,89,150
S-HNI (Min)14420₹2,03,700
S-HNI (Max)682,040₹9,89,400
B-HNI (Min)692,070₹10,03,950

Financial Information

Period Ended30 Jun 202531 Mar 202531 Mar 2024
Period Ended30 Jun 202531 Mar 202531 Mar 2024
Assets1,647.601,451.431,109.49
Total Income356.951,296.22872.39
Profit After Tax43.30134.3691.01
EBITDA79.74267.89173.09
NET Worth593.67540.98385.00
Reserves and Surplus397.50525.57369.79
Total Borrowing495.78393.17396.41

Peers Comparison

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV Ratio
Rubicon Research8.828.6835.5329.02
Sun Pharmaceutical Industries45.6045.60300.9934.9816.165.31
Aurobindo Pharma59.8159.81560.2218.1211.151.93
Zydus Lifesciences44.9744.97238.0521.8321.344.12
Strides Pharma Science45.0545.05277.3418.2717.212.97
Dr. Reddy’s Laboratories67.8967.79402.7818.0518.533.04
Alembic Pharmaceuticals29.6829.68264.0930.4311.633.41
Lupin71.9571.69377.1826.6421.005.07

Information about company

Incorporated in 1999, Rubicon Research Limited is a pharmaceutical company engaged in the development, manufacturing, and commercialization of differentiated formulations. As of June 30, 2025, Rubicon Research had a portfolio of 72 active Abbreviated New Drug Application (ANDA) and New Drug Application (NDA) products approved by the US FDA. The company’s portfolio includes 66 commercialized products, with a US generic pharmaceutical market size of USD 2,455.7 million, of which Rubicon Research Limited contributed USD 195 million in Fiscal 2024. As of June 30, 2025, the company has 17 new products awaiting US FDA ANDA approval and 63 products at various stages of development. As of June 30, 2025, the company marketed over 350 SKUs to 96 customers, including three major wholesalers who, account for more than 90% of wholesale drug distribution in the US. The company also supplies group purchasing organizations (GPOs), national pharmacy chains, regional pharmacy chains, and managed care organizations. Beyond the US market, Rubicon Research Limited, directly or through third-party distribution partners, has registered or filed 48 product applications across Australia, the United Kingdom, Singapore, Saudi Arabia, and the United Arab Emirates and expects to commence commercial activities upon approval. The company also provides contract manufacturing services to select customers in India, Australia, and New Zealand. Rubicon Research Limited operates three manufacturing facilities in India and two US FDA inspected R&D facilities-one each in India and Canada. Competitive strengths Fastest-growing Indian pharmaceutical company amongst peers. Data-driven product selection framework Strong R&D capabilities Robust sales and distribution capabilities in the US Strong track record of compliance combined with expertise in cost effective manufacturing Experienced and entrepreneurial management team

Objectives of IPO

The Company Rubicon Research IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the Company 3,100 2 Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App

Day Wise GMP

DatePriceGMPEstimate List Price
04-10-2025485.0060(12.37%)545
03-10-2025485.000(0.00%)485
02-10-20250(%)(%)

IPO Reservation

KeyValue
QIB Shares OfferedNot less than 75% of the Net Offer
Retail Shares OfferedNot more than 10% of the Net Offer
NII Shares OfferedNot more than 15% of the Net Offer