Description
BSE announces the listing of 16,47,50,309 equity shares of Rubicon Research Limited with various lock-in periods for different categories of shareholders including anchor investors and promoters.
Summary
BSE has announced the listing of 16,47,50,309 equity shares of Rubicon Research Limited in dematerialized form. The listing includes shares under various lock-in periods as per SEBI regulations, including anchor investor shares, promoter shares, ESOP shares, and public shares. The company’s registered office is located at MedOne House, B-75, Road No. 33, Wagle Estate, Thane West- 400 604, Maharashtra, India.
Key Points
- Total equity shares listed: 16,47,50,309 shares in dematerialized form
- Anchor investor shares: 1,27,64,691 shares with 30-day and 90-day lock-in periods
- Promoter shares: 13,27,68,090 shares with lock-in until April 2026 and April 2027
- Public shares without lock-in: 1,79,29,054 shares
- ESOP shares: 50,007 shares without lock-in
- Alternative Investment Fund (360 ONE) shares: 12,38,467 shares locked-in until March 18, 2026
- All shares are in dematerialized form
- Listing date: October 14, 2025
Lock-in Details
Anchor Investors
- 63,82,345 equity shares locked-in for 30 days until November 12, 2025
- 63,82,346 equity shares locked-in for 90 days until January 11, 2026
Promoter Lock-in
- 9,95,94,234 shares locked-in from October 14, 2025 to April 14, 2026
- 3,31,73,856 shares locked-in from October 14, 2025 to April 15, 2027
Alternative Investment Fund (360 ONE Private Equity Fund)
- Series 11: 103,205 shares locked-in until March 18, 2026
- Series 12: 825,645 shares locked-in until March 18, 2026
- Series 13: 309,617 shares locked-in until March 18, 2026
- Total: 12,38,467 shares
Regulatory Compliance
The lock-in arrangements comply with:
- Regulation 17(c) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Lock-in details as provided on pages 124-127 of the company’s prospectus
Important Dates
- Listing Date: October 14, 2025
- Anchor Investor Lock-in Expiry (30 days): November 12, 2025
- Anchor Investor Lock-in Expiry (90 days): January 11, 2026
- AIF Lock-in Expiry: March 18, 2026
- Promoter Lock-in Expiry (1 year): April 14, 2026
- Promoter Lock-in Expiry (18 months): April 15, 2027
Share Distribution
| Category | Number of Shares | Lock-in Period | Lock-in End Date |
|---|---|---|---|
| IPO Public | 1,55,91,143 | No lock-in | - |
| IPO Public | 23,37,911 | No lock-in | - |
| ESOP | 50,007 | No lock-in | - |
| Anchor Investors | 63,82,345 | 30 days | Nov 12, 2025 |
| Anchor Investors | 63,82,346 | 90 days | Jan 11, 2026 |
| Promoters | 9,95,94,234 | 6 months | Apr 14, 2026 |
| Promoters | 3,31,73,856 | 18 months | Apr 15, 2027 |
| AIF (360 ONE) | 12,38,467 | Until | Mar 18, 2026 |
Impact Assessment
This is a standard IPO listing with significant promoter lock-in indicating long-term commitment. The substantial portion of shares under lock-in (approximately 89% of total shares) will restrict immediate supply in the market, potentially supporting price stability in the initial trading period. The staggered lock-in expiry dates will result in gradual release of shares into the market over an 18-month period.
Company Details
- Company Name: Rubicon Research Limited
- Registered Office: MedOne House, B-75, Road No. 33, Wagle Estate, Thane West- 400 604, Maharashtra, India
- Company Secretary: Deepashree Tanksale (Membership No.: A28132)
- Prospectus Date: October 13, 2025
Impact Justification
Standard IPO listing notification with lock-in details for a new company listing on BSE