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Rubicon Research Limited IPO logo

Rubicon Research Limited IPO

BBMainboardBSE, NSEListed
Listed at
620
+27.84%

Rubicon Research Limited IPO is a Mainboard book building IPO. Issue size is 1,377.50 Cr. Price band is ₹461 to ₹485 per share. Minimum investment is ₹14,550. Lot size is 30 shares. Open from 9 Oct 2025 to 13 Oct 2025. Allotment on 14 Oct 2025. Listing on 16 Oct 2025 at BSE, NSE. Managed by Axis Capital Ltd., IIFL Capital Services Ltd., JM Financial Ltd., and SBI Capital Markets Ltd. Registrar: MUFG Intime India Private Limited (Link Intime). Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

Rubicon Research Limited IPO overview

Rubicon Research Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹461 to ₹485
Lot size
30 shares / lot
Min investment
₹14,550
Issue open – close
9 Oct 2025 → 13 Oct 2025

Rubicon Research Limited IPO important dates

Issue Opens
9 Oct 2025
Issue Closes
13 Oct 2025
Allotment
14 Oct 2025
Listing
16 Oct 2025

Rubicon Research Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)13014,550
Retail (Max)133901,89,150
S-HNI (Min)144202,03,700
S-HNI (UPI)341,0204,94,700
S-HNI (Max)682,0409,89,400
B-HNI (Min)692,07010,03,950

About Rubicon Research Limited IPO

From the company / RHP narrative.

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

Objective of the issue

How the issuer plans to use IPO proceeds.

Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the Company

Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes
Rubicon Research Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

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Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
MUFG Intime India Private Limited (Link Intime)
Phone
2249186270
Address
Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
1
Lead Managers
Axis Capital Ltd.,IIFL Capital Services Ltd.,JM Financial Ltd.,SBI Capital Markets Ltd.
Min Quantity
30
Company Promoters
General Atlantic Singapore RR Pte. Ltd.,Pratibha Pilgaonkar,Sudhir Dhirendra Pilgaonkar,Parag Suganch,Sancheti,Surabhi Parag Sancheti,Sumant Sudhir Pilgaonkar are the company promoters.
Phone
022 61414000
Address
Rubicon Research Ltd. MedOne House, B-75, Road No. 33, Wagle Estate, Thane, Maharashtra, 400604

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