Elevate Campuses IPO
Elevate Campuses IPO is a mainboard IPO raising ₹2,100 Cr at ₹343 – ₹362 a share. It listed on 30 Sept 2026 at ₹355, −1.9% against its issue price of ₹362, and trades at ₹287 today (−20.7% since issue). It was subscribed 1.79× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 1,83,67,347 | 4,63,16,552 | 2.52× |
| Foreign Institutional Investors | no separate quota | 2,17,82,685 | n/a |
| Domestic Financial Institutions | no separate quota | 21,82,307 | n/a |
| Mutual funds | no separate quota | 1,02,04,285 | n/a |
| Others | no separate quota | 1,21,47,275 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 91,83,673 | 77,58,512 | 0.84× |
| Non Institutional Investors | 61,22,449 | 50,61,450 | 0.83× |
| Corporates | no separate quota | 14,39,674 | n/a |
| Individuals | no separate quota | 34,03,205 | n/a |
| Others | no separate quota | 2,18,571 | n/a |
| Non Institutional Investors | 30,61,224 | 26,97,062 | 0.88× |
| Corporates | no separate quota | 20,746 | n/a |
| Individuals | no separate quota | 23,60,780 | n/a |
| Others | no separate quota | 3,15,536 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 61,22,448 | 62,11,705 | 1.01× |
| Cut Off | no separate quota | 51,74,118 | n/a |
| Price bids | no separate quota | 10,37,587 | n/a |
| Total | 3,36,73,468 | 6,02,86,769 | 1.79× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Sept, 07:49 pm IST.
Where the bids landed
Demand falls about 76% from the bottom of the band to the top. 9% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.18 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.