IPO Corner: Rubicon Research Limited

Rubicon Research Limited proposes to open an initial public offering of its equity shares of face value of ₹1 each on Thursday, October 09, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, October 08, 2025. The Bid/ Offer Closing Date is Monday, October 13, 2025.

• Issue Opens: October 9, 2025
• Issue Closes: October 13, 2025
• Face Value: Rs 1 each
• Price Band: Rs 461 – 485 per share
• Lot Size: 30 Shares
• Listing: BSE NSE

The Price Band of the Offer has been fixed from ₹ 461 per Equity Share of face value ₹1 each to ₹ 485 per Equity Share of face value ₹1 each. Bids can be made for a minimum of 30 Equity Shares of face value ₹1 each and multiples of 30 Equity Shares of face value ₹1 each thereafter.

The company’s initial public offering comprises a fresh issue of up to ₹ 500 crore and an offer for sale aggregating up to ₹ 877.5 crore on by the promoter selling shareholder, General Atlantic Singapore RR Pte Limited.

The Offer includes a reservation of Equity Shares of face value of ₹1 each, aggregating up to ₹ 17.50 million for subscription by Eligible Employees. The Offer less the Employee Reservation Portion is hereinafter referred to as the Net Offer. A discount of ₹46 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

The company proposes to utilize the Net Proceeds from the fresh issue offer towards 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. The proceeds from the offer for sale shall be received by the selling shareholder, General Atlantic Singapore RR Pte Limited.

The Equity Shares of the Company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.