Elevate Campuses IPO set to debut on September 30
In short
Elevate Campuses’ IPO is due to list on September 30. Bids came in for 6,02,69,672 shares against 3,36,73,468 shares on offer. QIB demand was 2.52 times, NII demand was 84%, and retail was 1.01 times.
The subscription numbers show investor interest, but the listing result is not yet known. The reporting does not say what price the shares will open at.
What the reporting says
Elevate Campuses’ IPO is set to debut on September 30 after drawing bids for 6,02,69,672 equity shares against 3,36,73,468 on offer, according to a publisher summary. The issue was subscribed 2.52 times in the QIB category, 84% in NII, and 1.01 times in retail. The immediate listing outcome is not stated in the available reporting.
Why it matters
Elevate Campuses’ IPO drew bids for 6,02,69,672 equity shares versus 3,36,73,468 on offer, with the QIB portion subscribed 2.52 times, NII at 84%, and retail at 1.01 times. The shares are set to debut on September 30. This points to demand in the offering, but the first-day listing performance and final pricing outcome are not stated in the available reporting.