Elevate Campuses IPO Subscription Status Day 1: Issue Subscribed 0.21 Times

Authored By HDFC SKY | Published at: Sep 23, 2026 06:05 PM IST

Elevate Campuses IPO Day 1 subscription stood at 0.21x as of 4:53:47 PM on September 23, 2026, with NII at 0.32x, QIB at 0.19x and retail at 0.14x.

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Mumbai, September 23: Elevate Campuses IPO opened for subscription on September 23, 2026, and will close on September 25, 2026. The book-built public issue comprises a fresh issue of 5,80,11,049 shares aggregating up to ₹2,100 crore. The price band is fixed at ₹343 to ₹362 per share, while the lot size is 41 shares.

Elevate Campuses IPO Day 1 Subscription Status

The Day 1 subscription data was recorded at 4:53:47 PM on September 23, 2026. The overall public issue subscription and category-wise figures are shown below.

Category	Subscription
QIB (Ex Anchor)	0.19x
NII	0.32x
Individual Investors	0.14x
Total	0.21x

The anchor investor portion is excluded from the total public subscription calculation.

Category-wise Elevate Campuses IPO Subscription Status

The issue comprises 5,80,11,049 shares in total. Of this, 4,35,08,287 shares are reserved for QIBs, 87,01,657 shares for NIIs and 58,01,105 shares for retail investors. The QIB allocation includes 2,61,04,972 shares allotted to anchor investors and 1,74,03,315 shares for QIBs excluding the anchor portion.

Investor Category	Shares Offered	Shares Bid For	Total Amount (₹ Cr)	Subscription
Anchor	2,61,04,972	2,61,04,972	945.000	1.00x
QIB (Ex Anchor)	1,74,03,315	32,25,142	116.750	0.19x
NII	87,01,657	27,67,864	100.189	0.32x
NII (> ₹10L)	58,01,105	27,02,392	97.827	0.47x
NII (< ₹10L)	29,00,552	65,272	2.363	0.02x
Individual Investors	58,01,105	79,61,928	28.657	0.14x
Total Public Issue	3,19,06,077	67,84,434	245.597	0.21x

The subscription table excludes the anchor investor portion from the total public issue calculation. The issue had received 14,984 applications at the time of the Day 1 update.

Elevate Campuses Day-Wise Subscription Summary

The issue opened for bidding on September 23, 2026. The latest subscription data was recorded at 4:53:47 PM on the opening day.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
September 23, 2026 (Day 1)	0.19x	0.32x	0.47x	0.02x	0.14x	0.21x

Elevate Campuses IPO Timeline

IPO Milestone	Date
Issue Open Date	September 23, 2026
Issue Close Date	September 25, 2026
Basis of Allotment Date	September 28, 2026
Initiation of Refunds	September 29, 2026
Credit of Shares	September 29, 2026
Listing Date	September 30, 2026

Brief Overview Of The IPO

Elevate Campuses is raising ₹2,100 crore through a fresh issue of 5,80,11,049 equity shares. There is no offer for sale component in the issue. The book-built IPO has a price band of ₹343 to ₹362 per share and a face value of ₹1 per share. The lot size is 41 shares. The minimum application for retail investors is one lot, comprising 41 shares, requiring ₹14,842 at the upper end of the price band.

Elevate Campuses is an education infrastructure platform that owns, operates and manages on-campus student accommodation for higher education institutions and owns K-12 school assets. Its operations span student accommodation and K-12 education infrastructure across India and the United Arab Emirates. The IPO is scheduled to list on the BSE and NSE platforms on September 30, 2026. JM Financial Ltd. is the book running lead manager, while KFin Technologies Ltd. is the registrar to the issue.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=ELEVATE&series=EQ&type=Active

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