Rubicon Research IPO sees 2.37× subscription by Day 2

Rubicon Research’s ₹1,377 crore IPO entered its third and final day after achieving 2.37× overall subscription by end of Day 2, driven by strong retail participation. The issue has received bids for 3.89 crore shares against 1.64 crore on offer. Brokerage views are upbeat as order book pressure remains high. Observers will watch listing gains, allotment allocations, and whether institutional support sustains post listing. The market is optimistic about its growth trajectory.