Elevate Campuses IPO Subscription Status
Final figures at close of bidding: 30 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 2.66x |
| NII | 0.89x |
| sNII (₹2L–₹10L) | 0.93x |
| bNII (above ₹10L) | 0.87x |
| Retail (RII) | 1.07x |
| Total | 1.89x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.19x | 0.02x | 0.47x | 0.14x | 0.21x |
| Day 2 | 0.19x | 0.07x | 0.49x | 0.25x | 0.24x |
| Day 3 | 2.66x | 0.93x | 0.87x | 1.07x | 1.89x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Elevate Campuses book was built over 3 days: overall subscription stood at 0.21× at the close of day 1, read 0.24× at the end of day 2, and finished at 1.89× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 2.66× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 0.24× to 1.89×.
Category detail
Qualified institutional buyers took their portion to 2.66×. Non-institutional investors came in at 0.89×, split 0.93× in the small-NII bucket (bids under ₹10 lakh) and 0.87× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 1.07× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 2.66× and non-institutional investors (NII) at the bottom at 0.89×.
What the multiple means for allotment
With retail subscription at 1.07×, applications in that category exceeded the shares available to it by a factor of about 1.07. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 41 shares — ₹14,842 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Elevate Campuses IPO open and close?
- The Elevate Campuses IPO opens on 23 Sept 2026 and closes on 25 Sept 2026.
- How many times was the Elevate Campuses IPO subscribed?
- The Elevate Campuses IPO was subscribed 1.89 times in total across all investor categories.
- What is the reservation split in the Elevate Campuses IPO?
- Of the total shares offered, retail investors get 10%, QIBs 30% (plus 45% anchor), non-institutional investors 15%.