Rubicon Research IPO Listing: Shares of Rubicon Research Ltd debuted on Dalal Street at around 28 per cent premium over the issue price on Thursday, October 16. The stock of the pharmaceutical formulations company opened for trade at Rs 620 on the NSE and at Rs 620.10 on the BSE, translating to a premium of 27.84 per cent and 27.86 per cent over the issue price, respectively.

The company aimed to raise Rs 1377.50 crore from the public offering of 2.84 crore equity shares.

Listing in line with market guru Anil Singhvi's expectations:

Earlier on Thursday, Zee Business Managing Editor Anil Singhvi predicted the stock to list in the price range of Rs 600 to Rs 625 against the issue price of Rs 485.

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