Rubicon Research IPO allotment: Here’s how to check status online

Rubicon Research Ltd. is set to finalise its IPO share allotment status on Tuesday, October 14, following a strong subscription to its public offer.

This is a book build issue of ₹1,377.5 crore. Rubicon Research's IPO comprised a fresh issue of 1.03 crore shares worth ₹500 crore and an offer-for-sale (OFS) component of 1.81 crore shares aggregating to ₹877.50 crore.

The issue was subscribed 103.89 times at close, with bids made for almost 171 crore shares on the third and final day of bidding. A total

of 1.64 crore shares were on offer.

The mainboard IPO was open for subscription for three days, from October 9 to October 13.

The retail quota of the IPO was booked 35.47 times, while the Non-Institutional Investors’ (NIIs) category subscribed significantly to the issue by 97.61 times. The Qualified Institutional Buyers (QIBs) category witnessed a subscription rate of 130.26 times.

Rubicon Research Ltd’s ‘employees’ segment also subscribed to their quota by an excess of 16.80 times.

Retail investors needed to bid for a single lot size of 30 shares, requiring an investment of ₹14,550. Small Non-Institutional Investors could participate by bidding for 14 lots, leading to an investment of ₹2,03,700. Big Non-Institutional Investors needed to bid for 69 lots, requiring an investment of ₹10,03,950.

The price band of the offer was set between ₹461 and ₹485 per equity share.

As per the prospectus, Rubicon Research will be utilising a sum of ₹310 crore raised from the proceeds of the IPO towards prepayment or scheduled repayment of either the complete or a portion of certain outstanding borrowings availed by the company. The remaining IPO proceeds will be used to fund inorganic growth through unidentified acquisitions as well as other strategic initiatives and for general corporate purposes.

The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Private Limited.

Steps to check Rubicon Research IPO share allotment on the BSE:

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  Visit the IPO allotment page on BSE website:https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

  
  


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  Select 'Equity' as the issue type

  
  


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  Choose Rubicon Research Ltd. from the dropdown menu for issue names

  
  


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  Enter your application number or PAN to proceed

  
  


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  Click on Search to view your share allotment details

  
  

Steps to check Rubicon Research IPO allotment on MUFG Intime India:

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  Visit the link:https://in.mpms.mufg.com/Initial_Offer/public-issues.html

  
  


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  From the dropdown menu, select ‘Rubicon Research Limited' from the list of companies

  
  


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  Select any one of the PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status

  
  


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  Enter the required details

  
  


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  Click on 'Submit' to check the allotment status

  
  

The credit of Rubicon Research’s to the demat accounts of successful bidders is likely to be conducted on Wednesday, October 15, while the refunds to all the non-allottees will also be initiated on the same day.

The company’s shares are scheduled to be listed on the NSE and BSE, on Thursday, October 16.

Rubicon Research Ltd was incorporated in 1999. It is a pharmaceutical company focused on developing, manufacturing, and commercialising differentiated formulations.