Elevate Campuses Limited
A Mumbai owner and operator of on-campus student accommodation and K-12 assets, in 15 Indian cities and one in the UAE. Its issue is entirely a fresh issue of up to ₹2,100 cr, paying for K-12 entities and campuses bought from fellow subsidiaries of its promoters. The RHP names no listed peers.
- Price band. The range of prices, per share, within which bids are taken in a book-built IPO. The final issue price is set inside it after bidding closes. Learn more ₹ per share
- ₹362
- Listing price ₹ per share
- ₹355.10
- NSE open, 30 Sep
- Listing gain. The opening price on listing day against the issue price, in rupees and per cent. Learn more %
- −1.9%
- −₹6.90 per share
- Current market price. We take the price from the exchange every 5 minutes while the market is open (9:15 to 3:30 IST), and again after the close at 3:45 and 4:00. Outside those hours you are seeing the last reading. Learn more ₹ per share
- ₹329.85
- 12 Oct, 15:30 IST
- Gain to date % on IPO price
- −8.9%
- GMP. Grey market premium. The premium over the issue price at which unlisted IPO shares change hands in the unofficial grey market. It is unofficial and unregulated. Learn more ₹ per share
- ₹6.50
- +1.8% of IPO price
Timeline
- Tue 22 SepAnchor bidding
- Wed 23 SepBidding opens
- Fri 25 SepBidding closes, 5 PM IST
- Mon 28 SepAllotment
- Tue 29 SepRefunds
- Tue 29 SepShares in demat
- Wed 30 SepListing
Grey market premium (GMP)
₹6.50 per share
+1.8% of the issue price
The last reading before listing, 29 Sep, 23:00 IST. Grey market figures (GMP) are unofficial and unverified.
| Recorded | GMP ₹ |
|---|---|
| 29 Sep, 23:00 IST | ₹6.50 |
| 29 Sep, 22:30 IST | ₹7 |
| 29 Sep, 22:00 IST | ₹6.50 |
| 29 Sep, 19:00 IST | ₹5 |
| 29 Sep, 18:00 IST | ₹6 |
| 29 Sep, 17:00 IST | ₹4 |
| 28 Sep, 23:30 IST | ₹6 |
| 28 Sep, 22:00 IST | ₹5 |
Subscription
| Category | Subscribed × |
|---|---|
| QIB. Qualified institutional buyers: mutual funds, banks, insurers and registered foreign investors. Usually up to 50% of a mainboard book-built issue. Learn more | 2.52× |
| HNI / NII. Non-institutional investors: individuals and others bidding above ₹2 lakh. Split into small (₹2–10 lakh) and big (above ₹10 lakh). Learn more | 0.84× |
| Big HNI (above ₹10L) | 0.83× |
| Small HNI (₹2–10L) | 0.88× |
| Retail. Individual investors bidding up to ₹2 lakh in one IPO. Learn more | 1.01× |
| Total | 1.79× |
As of 25 Sep, 19:01 IST, from the exchange.
Issue details
- Lists on
- NSE and BSE
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- JM Financial Limited, IIFL Capital Services Limited, Morgan Stanley India Company Private Limited
- Symbol
- ELEVATE
- Promoter holding
- 100% before
Grey market figures are unofficial and unverified. Nothing here is investment advice. Verify with official sources. Full disclaimer.