Canara Robeco AMC IPO lists at 5% premium; Rubicon Research soars 28% on debut

Rubicon Research listing was better than expectations as the stock was trading at ₹605 in the unlisted market, commanding a GMP of 24.74%.

The ₹1,377.50-crore IPO of Rubicon Research received an overwhelming response from investors, subscribing a massive 109.35 times overall, marking one of the strongest IPO showings of 2025. Segment-wise, the IPO was booked 37.40 times in retail portion, 137.09 times in QIB, and 102.70 times in NII.

The issue was a combination of a fresh issue of 1.03 crore shares worth ₹500 crore and an offer for sale of 1.81 crore shares worth ₹877.50 crore. The IPO opened on October 9, 2025, and closed on October 13, 2025, with the basis of allotment finalised on October 14.

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