Rubicon Research: IPO Proceeds Utilization Report Filed

Rubicon Research Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, detailing the utilization of proceeds from its Initial Public Offering (IPO). The report, issued by India Ratings and Research Private Limited, confirms no deviation from the stated objects of the issue. The utilization of IPO proceeds was reviewed and taken on record by the Audit Committee and Board of Directors on August 14, 2026. The IPO, which occurred from October 9-13, 2025, raised INR 5,000 Million through a fresh issue of equity shares, with an additional INR 8,775.00 Mn from an offer for sale, totaling INR 13,775.00 Mn.