Meesho vs Aequs vs Vidya Wire
JUST WOW ENTRY IN THE MARKET TODAY!
So The, Rubicon Research stunned the market on October 16 by debuting at aa whooping Rs 620 per share on the NSE, which is a shocking 27.84% premium over its IPO price of Rs 485!
The excitement spilled over to the BSE as well, where shares opened at Rs 620.10, marking a 27.86% jump.
This incredible surge gave the company a market capitalization of a staggering Rs 10,216 crore on day one. Investors who grabbed shares at the IPO price are already celebrating big gains. Such a strong debut isn’t just rare, it’s headline-making!
With this incredible start, Rubicon Research has instantly become the talk of the town.
What is the question to be answered now?
can the stock keep flying high, or will the market cool off soon? For now, this is one IPO debut that’s impossible to ignore!
Even though the listing premium by Rubicon Research was impressive, it was not as high as grey market projections. Although the shares had a high premium of 27.84% on the NSE when they first listed in the market, the grey market values according to Investorgain and IPO Watch indicated that the unlisted shares had a premium of about 30% over the IPO value.
This is a minor discrepancy which implies that the actual listing was not as buzzworthy as the one in the grey market. Nevertheless, the premium has been higher, indicating high investor confidence, despite not reaching the 30% level that had been forecasted prior to the launch.
HDFC Securities highlights Rubicon Research as the fastest-growing Indian pharmaceutical formulations company between FY23 and FY25, boasting an impressive revenue CAGR of 75.89%. This phenomenal growth rate sets Rubicon apart from its peers in the pharma industry.
Much of the company’s success is driven by its wholly-owned U.S. subsidiary, AdvaGen Pharma, which markets non-branded prescription products to a broad range of clients including wholesalers, group purchasing organizations (GPOs), and pharmacy chains. This strong sales and distribution network has been a key factor in Rubicon’s success both in the U.S. and internationally.
(With Inputs)
Also Read: Axis Bank Shares Surges 3%, Check Out The Unexpected Reason Behind The Stock Boost…
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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