Rubicon Research IPO vs Studds Accessories IPO

Comparison between Rubicon Research IPO and Studds Accessories IPO.

IPO Details

Rubicon Research IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Studds Accessories IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Rubicon Research IPO is up to ₹1,377.68 Cr whereas the issue size of the Studds Accessories IPO is up to ₹455.49 Cr. The final issue price of Rubicon Research IPO is ₹485.00 per share and of Studds Accessories IPO is ₹585.00 per share.

 Rubicon Research IPOStudds Accessories IPO
Face Value₹1 per share₹5 per share
Issue Price (Lower)₹461.00 per share₹557.00 per share
Issue Price (Upper)₹485.00 per share₹585.00 per share
Issue Price (Final)₹485.00 per share₹585.00 per share
Discount (Retail)
Discount (Employee)₹46.00 per share
Market Lot Size30 shares25 shares
Fresh Issue Size1,03,13,058 shares0 shares
Fresh Issue Size (Amount)up to ₹500.18 Crup to ₹0.00 Cr
OFS Issue Size1,80,92,783 shares77,86,120 shares
OFS Issue Size (Amount)up to ₹877.50 Crup to ₹455.49 Cr
Issue Size Total2,84,05,841 shares77,86,120 shares
Issue Size Total (Amount)up to ₹1,377.68 Crup to ₹455.49 Cr

IPO Timetable

Rubicon Research IPO opens on Oct 09, 2025, while Studds Accessories IPO opens on Oct 30, 2025. The closing date of Rubicon Research IPO and Studds Accessories IPO is Oct 13, 2025, and Nov 03, 2025, respectively.

 Rubicon Research IPOStudds Accessories IPO
Anchor Bid DateOct 08, 2025Oct 29, 2025
Issue OpenOct 09, 2025Oct 30, 2025
Issue CloseOct 13, 2025Nov 03, 2025
Basis Of Allotment (Tentative)Oct 14, 2025Nov 04, 2025
Initiation of Refunds (Tentative)Oct 15, 2025Nov 06, 2025
Credit of Share (Tentative)Oct 15, 2025Nov 06, 2025
Listing date (Tentative)Oct 16, 2025Nov 07, 2025
Anchor Lockin End date 1Nov 12, 2025Dec 04, 2025
Anchor Lockin End date 2Jan 11, 2026Feb 02, 2026

Financials & KPIs

Rubicon Research IPO P/E ratio is 55.75, as compared to Studds Accessories IPO P/E ratio of 33.06.

 Rubicon Research IPOStudds Accessories IPO
Financials

Company Financials (Restated Consolidated)

Rubicon Research Ltd.'s revenue increased by 49% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,647.601,451.431,109.49749.70
Total Income356.951,296.22872.39419.00
Profit After Tax43.30134.3691.01-16.89
EBITDA79.74267.89173.0943.97
NET Worth593.67540.98385.00286.38
Reserves and Surplus397.50525.57369.79281.31
Total Borrowing495.78393.17396.41317.91
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Studds Accessories Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets586.61556.71485.56461.07
Total Income152.01595.89535.84506.48
Profit After Tax20.2569.6457.2333.15
EBITDA30.26104.8490.1960.05
NET Worth469.77449.48387.41338.02
Reserves and Surplus450.09429.80377.57328.18
Total Borrowing2.912.910.6130.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)75.7178.78
Promoter Shareholding (Post-Issue)59.7861.76
P/E Ratio55.7533.06
Market Cap₹7990.21 Cr.₹2302.17 Cr.
ROE29.02%16.64%
ROCE26.45%20.25%
Debt/Equity0.73-0.07
EPS₹8.70₹17.70
RoNW29.02%15.49%

Shares Offered

In the Rubicon Research IPO Retail Individual Investors (RII) are offered 28,36,597 shares while in Studds Accessories IPO retail investors are offered 28,36,597 shares. Qualified Institutional Buyers (QIB) are offered 85,09,794 shares in Rubicon Research IPO and 15,57,224 shares in Studds Accessories IPO.

 Rubicon Research IPOStudds Accessories IPO
Anchor Investor Reservation1,27,64,691 shares23,35,836 shares
Market Maker Reservation0 shares0 shares
QIB85,09,794 shares15,57,224 shares
NII42,54,896 shares11,67,918 shares
RII28,36,597 shares27,25,142 shares
Employee39,863 shares0 shares
Others
Total2,84,05,841 shares77,86,120 shares

Bids Received (Subscription)

Rubicon Research IPO subscribed 109.35x in total, whereas Studds Accessories IPO subscribed 73.25x.

 Rubicon Research IPOStudds Accessories IPO
QIB (times)137.09x159.99x
NII (times)102.70x76.99x
Big NII (times)117.77x83.08x
Small NII (times)72.57x64.79x
RII (times)37.40x22.08x
Employee (times)17.68x
Other (times)
Total (times)109.35x73.25x

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