Subscription Status · Oct 09 – Oct 13, 2025 · ₹461–485
The Rubicon Research IPO subscription has recorded exceptional investor demand with an overall subscription of 103.90× as of Oct 16, 2025, indicating that investors applied for 103.90 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Oct 16, 2025, 9:30 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
8,952,820 | 1,166,167,740 |
130.26×
|
|
NII
Non-Institutional Investors
|
4,476,409 | 436,939,170 |
97.61×
|
|
bNII
Bids above ₹10L
|
2,984,273 | 334,022,190 |
111.93×
|
|
sNII
Bids below ₹10L
|
1,492,136 | 102,916,980 |
68.97×
|
|
Retail
Retail Individual Investors
|
2,984,273 | 105,865,470 |
35.47×
|
|
Employees
Employee Category
|
42,168 | 708,240 |
16.80×
|
|
Total
|
16,455,670 | 1,709,680,620 |
103.90×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 8,952,820 | 1,166,167,740 | 130.26× |
| NII | 4,476,409 | 436,939,170 | 97.61× |
| bNII | 2,984,273 | 334,022,190 | 111.93× |
| sNII | 1,492,136 | 102,916,980 | 68.97× |
| Retail | 2,984,273 | 105,865,470 | 35.47× |
| Employees | 42,168 | 708,240 | 16.80× |
| Total | 16,455,670 | 1,709,680,620 | 103.90× |
As of October 16, 2025, the Rubicon Research IPO has been subscribed 103.90 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Rubicon Research IPO subscription window was open from October 09, 2025 to October 13, 2025. Investors could apply through their demat account or ASBA facility.
The Rubicon Research IPO has a price band of ₹461 to ₹485 per share, with a lot size of 30 shares. Minimum retail investment: ₹13,830 (lower band) or ₹14,550 (upper band).
The QIB category has been subscribed 130.26 times. QIBs were offered 8,952,820 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 35.47 times. Retail was offered 2,984,273 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 97.61×. bNII (>₹10L): 111.93×, sNII (<₹10L): 68.97×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on October 14, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Rubicon Research IPO is expected to list on October 16, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 103.90× means investors have bid for 103.90 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 35.47×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Rubicon Research IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Oct 09 to Oct 13, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Rubicon Research IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Oct 09, 2025Subscription Closes Done
Oct 13, 2025Basis of Allotment Done
Oct 14, 2025Listing on NSE,BSE Done
Oct 16, 2025Lottery-based allotment. Based on retail subscription of 35.47×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.