Rubicon Research IPO Allotment Status Today: Here’s How to Check Share Allocation Online

Mumbai, October 14: The allotment status of the ₹1,378 crore IPO of Rubicon Research Limited is expected to be finalised today, on October 14. Investors who applied to the IPO issue can check their allotment status by visiting the NSE or BSE portal, or through the website of the registrar, which is MUFG Intime India.

In case of successful allotment, the company will credit the shares into the demat accounts of investors on October 15. Investors will receive refunds on the same date, in case of non-allotment of shares. The shares of the company are expected to list on NSE and BSE on October 16, 2025.

Rubicon Research Limited is an Indian company that is engaged in the developing and manufacturing pharmaceutical formulations. The company was established in 1999, and is headquartered in Mumbai, Maharashtra.

How to Check Rubicon Research IPO Allotment Status

Check Rubicon Research IPO Allotment Status on BSE

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Under Issue Type, select Equity

Step 3: Choose Rubicon Research Limited from the dropdown list

Step 4: Enter your Application Number or PAN

Step 5: Complete the CAPTCHA verification and click Search

Step 6: The page will display your allotment status

Check Rubicon Research IPO Allotment Status on NSE

Step 1: Visit https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2: Select Equity & SME IPO bid details (default option)

Step 3: From the Select Symbol dropdown, choose Rubicon Research Limited

Step 4: Enter your PAN and Application Number

Step 5: Click Submit to view your IPO bid and allotment details

Check Rubicon Research IPO Allotment Status on MUFG Intime

Step 1: Go to https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2: From the dropdown menu, select Rubicon Research Limited

Step 3: Choose one of the search methods – Application Number, DPID/Client ID, or PAN

Step 4: Enter your details and the security code

Step 5: Click Search to view your allotment status

Rubicon Research Raised ₹619.08 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹619.08 crore from anchor investors by allocating 1,27,64,691 shares at ₹485 per share. Key investors included HDFC Mutual Fund, ICICI Prudential MF, Kotak MF, Goldman Sachs Funds, Amansa Holdings, and Aranda Investments.

Rubicon Research Overall Subscription at 109.35 Times

The IPO was subscribed by a total of 109.35 times. Anchor investors were allotted 1,27,64,691 shares, raising ₹619.09 crore. Qualified Institutional Buyers (QIBs) subscribed 137.09 times, bidding for 1,16,61,67,740 shares against 85,06,804 shares offered, amounting to ₹56,559.14 crore.

Non-Institutional Investors subscribed 102.70 times, bidding for 43,69,33,710 shares against 42,54,299 shares offered, worth ₹21,191.28 crore. Within this group, bNII (bids above ₹10 lakh) was subscribed 117.77 times, while sNII (bids below ₹10 lakh) saw a 72.57 times subscription.

Retail Investors subscribed 37.40 times, bidding for 10,60,66,710 shares worth ₹5,144.24 crore. The Employee category was subscribed 17.68 times, with 7,08,210 shares bid for against 40,046 shares offered, totalling ₹34.35 crore. In total, the IPO received bids for 1,70,98,76,370 shares, raising ₹82,929 crore.

With the allocation today, investors who applied will hope for a successful allocation. The strong demand across all investor categories showcases the company’s leadership in the pharmaceutical formulation segment. It remains to be seen at what price the shares list on the day of their listing on the NSE and BSE.

What Are My Chances of Getting Rubicon Research IPO Allotment?​

With the huge 103.9× total subscription, the chances of receiving allotted shares in Rubicon Research’s IPO are very low particularly for retail investors.

IPO allotments are done on a computerised and random basis to ensure fairness under the lottery-based system run by SEBI. Here is how it usually goes:

• Retail Investors: The retail segment got subscribed 35.47×, so only roughly 1 out of each 35 investors will get an allotment if their applications are valid and within the ₹2 lakh retail threshold. Every successful retail applicant gets a minimum of one lot (30 shares) in case they get allotted in the draw.
• High-Net-Worth Individuals: This category experienced a whopping 97.61× subscription, so the chances grew even narrower. Investors under this category are allotted proportionally based on how many shares they had applied for.
• Institutional Investors (QIBs): It is the allocation in terms of demand in the institutional book and not lottery-based since such bids are proportional.

If your application was executed appropriately through ASBA or UPI, and all the information like PAN, demat account, and bank linkages is correct, your bid is valid and eligible for draw.

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