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Rubicon Research’s ₹1,377.5 Crore IPO Opens with Strong Anchor Investor Participation
Rubicon Research’s ₹1,377.5 Crore IPO Opens with Strong Anchor Investor Participation
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BTCCSquare news:
Rubicon Research's initial public offering, valued at ₹1,377.5 crore, commenced today with a price band of ₹461–485 per share. The IPO structure includes a fresh issue of ₹500 crore and an Offer for Sale (OFS) of ₹877.5 crore by promoter General Atlantic Singapore RR Pte Ltd. Subscription closes on October 13.
Institutional interest appears robust, with ₹619 crore raised from anchor investors including Goldman Sachs, HDFC Mutual Fund, and Fidelity Funds. The allocation strategy reserves 75% for QIBs, 15% for NIIs, and 10% for retail investors, with shares available in lots of 30. A ₹46 per share discount applies to allotted equity.
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