[Fresh Issue ₹500 Cr + OFS ₹878 Cr]

Rubicon research ipo price is ₹461 – ₹485 per share

Rubicon Research: History

The Company was originally incorporated as Rubicon Consultants Private Limited, a private limited company under the Companies Act, 1956, on May 06, 1999.

The Company was then converted into a public limited company under a special resolution passed by the shareholders on April 11, 2024, and its name was changed to Rubicon Research Limited under a fresh certificate of incorporation issued by the RoC on July 23, 2024.

LAST ARTICLE – LG Electronics IPO review

Rubicon Research: Business

Rubicon Research Ltd. is a pharmaceutical formulations company, driven by innovation through research and development (R&D), with an increasing portfolio of drug-device combination products and specialty products targeting regulated markets (particularly the United States).

According to the F&S Report, Rubicon is the fastest-growing Indian pharmaceutical formulations company (between Fiscal Years 2022 and 2024) with a CAGR for total revenue of 62.5 percent.

The company’s portfolio includes 66 commercialized products, with a US generic pharmaceutical market size of USD 2,456 million, of which Rubicon contributed USD 195 million in FY 2024.

Product Approval

As of June 30, 2025, the company and its subsidiaries had 72 active Abbreviated New Drug Applications (ANDAs), 9 New Drug Applications (NDAs), and one OTC monograph approved, with 17 new products under review.

Manufacturing Facilities

Rubicon operates three manufacturing facilities in India and two US FDA inspected R&D facilities-one each in India and Canada.

Network

As of June 30, 2025, the company marketed over 350 Stock Keeping Units (SKUs) to 96 clients, including three major wholesalers who account for more than 90 percent of wholesale drug distribution in the United States.

ALSO READ – GST 2.0 News

Strategies Ahead

• Expand the US market presence.
• Grow portfolio of drug-device combinations and specialty products.
• Develop new products and build leadership positions in regulated markets for generic products.
• Leverage intellectual property and product portfolio in other regulated markets.
• Pursue synergistic business development and external innovation opportunities.

Company Promoters

1. General Atlantic Singapore RR Pte. Ltd.
2. Pratibha Pilgaonkar,
3. Sudhir Dhirendra Pilgaonkar,
4. Parag Suganchand Sancheti,
5. Surabhi Parag Sancheti,
6. Sumant Sudhir Pilgaonkar

Refer to Rubicon Research DRHP for detailed information.

IPO Details

Rubicon research ipo date = 09 Oct – 13 Oct 2025

Minimum Amount = ₹14,550

Minimum Bid = 30 Shares

Face Value (FV) = ₹1

Listing On = NSE, BSE

Book Running Lead Managers

Axis Capital

IIFL Securities

JM Financial

SBI Capital Markets

Financial

CONCLUSION

FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Rubicon Research IPO (for the time-being)

Do come back to know more about “upcoming ipos“

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Rubicon Research IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.