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Rubicon Research IPO subscription status

Subscription figures for the Rubicon Research IPO, by investor category and by day, as published by the exchanges.

Subscription at a glance

QIB
137.09 times
NII
102.71 times
bNII (above ₹10 lakh)
117.77 times
sNII (₹2 to 10 lakh)
72.57 times
Retail
37.33 times
Employee
17.69 times
Bidding
9 October 2025 to 13 October 2025
Figures as of
13 October 2025
Price band
₹461 to ₹485
Lot size
30 shares

Shares offered and bid, by category

CategoryShares offeredShares bidTimes
Retail28,36,20010,58,65,47037.33×
NIIs42,54,29943,69,39,170102.71×
BNIIs (>10L)28,36,20033,40,22,190117.77×
SNIIs (<10L)14,18,09910,29,16,98072.57×
QIBs85,06,8041,16,61,67,740137.09×
Employee40,0467,08,24017.69×

Cumulative bids from the BSE and NSE public-issue platforms. The anchor portion is allotted the day before the issue opens and is not part of the book.

Day by day

DayQIBbHNITotalNIIRetailsHNI
Day 1 (9 October 2025)0.27×0.40×0.55×0.49×1.47×0.68×
Day 2 (10 October 2025)2.22×1.60×2.50×1.93×4.19×2.58×
Day 3 (13 October 2025)137.09×117.77×109.33×102.70×37.33×72.57×

Questions about the Rubicon Research IPO subscription

What was the subscription status of the Rubicon Research IPO?

Figures appear once the issue opens and the exchanges publish the first day's bids.

Was the Rubicon Research IPO oversubscribed?

Not yet known; the first figures arrive on the opening day.

What were the chances of a retail allotment in the Rubicon Research IPO?

Retail was subscribed about 37.33 times, so roughly one in 37 retail applicants received a lot, by lottery, each successful applicant getting exactly one lot.

What do QIB, NII and retail mean in the Rubicon Research IPO subscription?

Qualified institutional buyers are mutual funds, insurers, banks and foreign institutions. Non-institutional investors, also called HNI, are individuals and bodies bidding above two lakh rupees, split into small (two to ten lakh) and big (above ten lakh). Retail is an individual bidding up to two lakh rupees. A book-built mainboard issue sets aside at least 35 percent for retail, 15 percent for NII and up to 50 percent for QIBs.

Does a high subscription mean the Rubicon Research IPO will list at a premium?

No. Subscription measures demand during the three bidding days; the listing price is discovered in the pre-open session on listing morning and depends on the market that day. Heavily subscribed issues have listed at a discount and thin ones at a premium. Read the figure with the expected premium and the company's numbers, not instead of them.

When was the Rubicon Research IPO allotment?

14 October 2025. The allotment status is searchable by PAN on Rupix and on the registrar's page from that evening.