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 97.6

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