Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 109.33x·QIB 137.09x·NII 102.71x·Retail 37.33x
Based on retail subscription by applications (29.54×), approximately 1 in 30 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Rubicon Research Limited Mainboard IPO was subscribed 109.33x in total when bidding closed on Oct 13, 2025, with 137.09x in the QIB category, 102.71x in NII, 37.33x in retail across BSE and NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Oct 9, 2025 to Oct 13, 2025 at a price band of ₹461–₹485 per share. Allotment was finalised on Oct 14, 2025.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 8506804 | 1166167740 | 137.09 |
| NIIs | 4254299 | 436939170 | 102.71 |
| BNIIs (>10L) | 2836200 | 334022190 | 117.77 |
| SNIIs (<10L) | 1418099 | 102916980 | 72.57 |
| Retail | 2836200 | 105865470 | 37.33 |
| Employee | 40046 | 708240 | 17.69 |
| Total | 15637349 | 1709680620 | 109.33 |
| Total Applications32,27,763 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 6,754 | 1,55,447 | 23.02 |
| SNIIs (<10L) | 3,377 | 2,34,123 | 69.33 |
| Retail | 94,553 | 27,93,147 | 29.54 |
| Employee | - | 15,968 | - |
| Total Applications32,27,763 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 412.58 | 56559.14 | 137.09 |
| NIIs | 206.33 | 21191.55 | 102.71 |
| BNIIs (>10L) | 137.56 | 16200.08 | 117.77 |
| SNIIs (<10L) | 68.78 | 4991.47 | 72.57 |
| Retail | 137.56 | 5134.48 | 37.33 |
| Employee | 1.94 | 34.35 | 17.69 |
| TOTAL | 758.41 | 82919.51 | 109.33 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
9 Oct 2025
5:00 PM
|
0.27x |
0.49x
0.40x
0.68x
|
1.47x | 0.55x |
|
Day 2
10 Oct 2025
5:00 PM
|
2.22x |
1.93x
1.60x
2.58x
|
4.19x | 2.50x |
|
Day 3
13 Oct 2025
5:00 PM
|
137.09x |
102.70x
117.77x
72.57x
|
37.33x | 109.33x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 23.02x |
| sHNI | 69.28x |
| Retail | 29.41x |
Because Rubicon Research closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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