The initial public offer of pharmaceutical company Rubicon Research Ltd garnered 103.90 times subscription on the closing day of bidding on Monday.
The Rs 1,377.5-crore IPO received bids for 1,70,96,76,420 shares against 1,64,55,670 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) attracted 130.26 times subscription. The category for non-institutional investors got subscribed 97.61 times and Retail Individual Investors (RIIs) received 35.47 times subscription.
Rubicon Research on Wednesday said it has mobilised Rs 619 crore from anchor investors.
The company’s initial public offering (IPO) has 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 Ltd.
Post the IPO, General Atlantic’s shareholding is expected to reduce to over 35 per cent.
The issue has a price band of Rs 461-485 per share.
Proceeds from the fresh issue to the tune of Rs 310 cr
​The initial public offer of pharmaceutical company Rubicon Research Ltd garnered 103.90 times subscription on the closing day of bidding on Monday.
The Rs 1,377.5-crore IPO received bids for 1,70,96,76,420 shares against 1,64,55,670 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) attracted 130.26 times subscription. The category for non-institutional investors got subscribed 97.61 times and Retail Individual Investors (RIIs) received 35.47 times subscription.
Rubicon Research on Wednesday said it has mobilised Rs 619 crore from anchor investors.
The company’s initial public offering (IPO) has 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 Ltd.
Post the IPO, General Atlantic’s shareholding is expected to reduce to over 35 per cent.
The issue has a price band of Rs 461-485 per share.
Proceeds from the fresh issue to the tune of Rs 310 cr by Soban News (international And National News)
