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Rubicon Research Limited IPO
Issue Size (Net)
Rs 1,377.50
Price Band
Rs 461 to Rs 485 per share
Issue Opens
October 09, 2025
Issue Closes
October 13, 2025

Company Highlights

1. Company Information

Incorporated in 1999, Rubicon Research Limited is a pharmaceutical company engaged in the development, manufacturing, and commercialization of differentiated formulations. As of June 30, 2025, Rubicon Research had a portfolio of 72 active Abbreviated New Drug Application (ANDA) and New Drug Application (NDA) products approved by the US FDA. The company’s portfolio includes 66 commercialized products, with a US generic pharmaceutical market size of USD 2,455.7 million, of which Rubicon Research Limited contributed USD 195 million in Fiscal 2024. Company Commercialized Products in CNS and CVS therapy areas contributed 46.13% and 38.48% of our revenue from operations in the three month periods ended June 30, 2025 and 2024, respectively, and 41.85%, 40.71% and 38.08% of our revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Company jointly developed Raldesy® with its NDA holder and hold an exclusive worldwide license for its commercialization while the NDA is held by the third-party joint developer. Equetro® and Raldesy® are promoted to prescribers via personal and non-personal promotion methods.

2. Competitive Strengths

1) Fastest-growing Indian pharmaceutical company amongst peers.
2) Data-driven product selection framework
3) Strong R&D capabilities
4) Robust sales and distribution capabilities in the US
5) Strong track record of compliance combined with expertise in cost effective manufacturing
6) Experienced and entrepreneurial management team

3. Rubicon Research IPO Registrar
MUFG Intime India Pvt.Ltd.

Phone:+91-22-4918 6270
Email: rubicon.ipo@linkintime.co.in
Website:   https://linkintime.co.in

Rubicon Research Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-25
1,451.43
1,296.22
134.36
267.89
540.98
525.57
393.17
31-Mar-24
1,109.49
872.39
91.01
173.09
385
369.79
396.41
31-Mar-23
749.7
419
-16.89
43.97
286.38
281.31
317.91
Amount in Rs. Crore

Rubicon Research IPO Details

Issue Opening Date October 09, 2025
Issue Closing Date October 13, 2025
Face Value Rs 1 per share
Price Rs 461 to Rs 485 per share
Lot Size 30 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Total Issue Size 2,84,02,040 shares (aggregating up to Rs 1,377.50 Cr)
Fresh Issue 1,03,09,278 shares (aggregating up to Rs 500.00 Cr)
Offer for Sale 1,80,92,762 shares of Rs 1 (aggregating up to Rs 877.50 Cr)
Employee Discount Rs 48.00
Issue Type Bookbuilding IPO
Listing At BSE, NSE

Rubicon Research IPO Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Thu, Oct 9, 2025
Closing Date Mon, Oct 13, 2025
Tentative Allotment Tue, Oct 14, 2025
Initiation of Refunds Wed, Oct 15, 2025
Credit of Shares to Demat Wed, Oct 15, 2025
Listing Date Thu, Oct 16, 2025
Cut-off time for UPI mandate confirmation 5 PM on Mon, Oct 13, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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