The initial public offering of Rubicon Research opened for public bidding today, October 9. The Rs 1,377.50-crore IPO has been subscribed 14 percent so far on Day 1.

The maiden public issue of the company received bids for nearly 24 lakh shares, as against the offer size of 1.64 crore shares, according to data on NSE at 12.06 pm. Retail investors have booked 56 percent of their reserved portion, while Non Institutional Investors (NII) subscribed 15 percent of the portion kept for them. Qualified Institutional Buyers (QIB) are yet to make any substantial bid for the IPO.

Rubicon Research IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with more than 20 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. This is higher than

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