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Explore Elevate Campuses Ltd. IPO Day 1 subscription details, including investor participation, price band, lot size, IPO dates, and the process to apply through ASBA or UPI.
The Elevate Campuses Ltd. IPO opened for subscription on September 23, 2026. The company’s public issue is a mainboard IPO and will remain open for bidding until September 25, 2026. The IPO is a book-built issue comprising a fresh issue of approximately 5.80 crore equity shares, aggregating to ₹2,100 Crores.
The IPO has a price band of ₹343 to ₹362 per share, with a market lot of 41 shares. The face value of each equity share is ₹1.
The Elevate Campuses Ltd. IPO received bids across Retail Individual Investors (RII), Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB) on its opening day.
On the first day of bidding, based on the subscription data available at around 3:35 PM IST on September 23, 2026, the Elevate Campuses Ltd. IPO was subscribed 0.11× overall. Non-Institutional Investors recorded the highest subscription among the reported categories at 0.13×, followed by Retail Individual Investors at 0.11×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.10× |
Retail Individual Investors (RII) |
0.11× |
Non-Institutional Investors (NII) |
0.13× |
Total |
0.11× |
Non-Institutional Investors recorded a subscription of 0.13× on Day 1, while the Retail Individual Investors portion was subscribed 0.11×. Qualified Institutional Buyers recorded a subscription of 0.10×. Overall, the issue stood at 0.11× subscription at the reported time on the opening day.
Subscription figures are based on bids received during the IPO bidding period and may be subject to subsequent updates or reconciliation. The IPO remains open for subscription until September 25, 2026.
The Elevate Campuses Ltd. IPO saw investor participation across all major categories on Day 2. As of the figures shown, the overall issue was subscribed 0.22×, with Non-Institutional Investors recording the highest subscription among the reported categories.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.18× |
Retail Individual Investors (RII) |
0.20× |
Non-Institutional Investors (NII) |
0.31× |
Total |
0.22× |
Non-Institutional Investors subscribed to their reserved portion 0.31×, followed by Retail Individual Investors at 0.20× and Qualified Institutional Buyers at 0.18×. Overall, the Elevate Campuses Ltd. IPO stood at 0.22× subscription on Day 2, with the issue scheduled to close on September 25, 2026.
The price band for the Elevate Campuses Ltd. IPO is set between ₹343 and ₹362 per share. The market lot consists of 41 shares, while the face value is ₹1 per share.
At the upper end of the price band, an application for one lot requires an investment of ₹14,842.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
41 |
₹14,842 |
Retail (Maximum) |
13 |
533 |
₹1,92,946 |
S-HNI (Min) |
14 |
574 |
₹2,07,788 |
B-HNI (Min) |
68 |
2,788 |
₹10,09,256 |
The minimum application value at the upper end of the price band can be calculated as follows:
Minimum application amount = 41 shares × ₹362 = ₹14,842
Since the IPO follows the book-building route, investors can place bids within the ₹343–₹362 price band, subject to applicable bidding and investor-category requirements.
For detailed insights about the company, issue particulars, and the latest updates, visit the Elevate Campuses Ltd. IPO page on Bajaj Markets
The Elevate Campuses Ltd. IPO opened on September 23, 2026, and is scheduled to close on September 25, 2026. The basis of allotment is expected to be finalised on September 28, followed by refunds and credit of shares on September 29. The proposed listing date is September 30, 2026.
| Event | Date | Details |
|---|---|---|
IPO Open Date |
September 23, 2026 |
Issue opens for subscription |
IPO Close Date |
September 25, 2026 |
Final day to submit bids |
Basis of Allotment |
September 28, 2026 |
Finalisation of share allotment |
Refunds Initiation |
September 29, 2026 |
Refund or fund-unblocking process begins |
Credit of Shares to Demat |
September 29, 2026 |
Shares credited to successful applicants |
Listing Date |
September 30, 2026 |
Shares proposed to list on BSE and NSE |
Note: These dates represent procedural milestones based on the available IPO information and are intended for informational purposes only.
Investors can apply for the Elevate Campuses Ltd. IPO using either the ASBA facility through their bank or via UPI on supported broker platforms.
This method allows the IPO application amount to remain blocked in the investor’s bank account until the allotment process is completed.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Elevate Campuses Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price within the announced price band.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the applicable amount will be debited and the shares will be credited to your Demat account.
You can also apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Elevate Campuses Ltd. IPO’.
Enter your application details, including the number of lots and bid price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your supported UPI application.
The applicable funds will remain blocked until the allotment process is completed.
Once allotted, the shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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