Rubicon Research IPO opened for subscription today, October 9. The company set the IPO price band at Rs 461 -485 per equity share. The last day to subscribe to the issue is October 13. Rubicon Research will be mopping up Rs 1,377.50 crore. The issue is a combination of 1.03 crore fresh shares and an offer for sale of 1.81 crore shares.

Rubicon Research IPO: GMP

The shares of Rubicon Research were fetching a premium of over 20%, above the issue price, in the grey market. The stocks were changing hands at a price of Rs 583.

However, the grey market is an unofficial place where people trade shares illegally. The market participants track GMP to estimate the listing price.

Rubicon Research IPO: Allotment and listing

The allotment for the IPO is expected to be finalised on October 14,

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