NEW DELHI, Oct 16: Shares of pharmaceutical company Rubicon Research Ltd on Thursday listed with a premium of nearly 28 per cent against the issue price of Rs 485. The stock started trading at Rs 620.10, up 27.85 per cent, from the issue price on the BSE. At the NSE, the stock made its debut at Rs 620, registering a jump of 27.83 per cent. The company’s market valuation stood at Rs 9,917.97 crore. The initial public offer of Rubicon Research garnered 103.90-times subscription on the closing day of bidding on Monday. The Rs 1,377.5-crore IPO had a price band of Rs 461-485 per share. The company’s initial public offering (IPO) had a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of Rs 877.5 crore by the promoter, General Atlantic Singapore RR Pte L

See Full Page