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flag Rubicon Research's IPO surged 27.8% on debut, fueled by strong demand and solid financials.

flag Rubicon Research made a strong debut on India’s stock exchanges on October 16, 2025, with shares opening 27.8% above the IPO price of ₹485, trading at ₹620 on both the BSE and NSE. flag The ₹1,377.5 crore IPO saw overwhelming demand, subscribing 103.9 times overall, driven by strong interest from qualified institutional buyers and non-institutional investors. flag The company, a specialty pharmaceutical manufacturer focused on the U.S. market, reported strong financial performance in FY25, with 49% revenue growth and high profitability. flag Proceeds from the fresh issue will be used for debt reduction, acquisitions, and growth initiatives.

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