The Elevate Campuses IPO was subscribed 1.89 times in total when bidding closed on 25 September 2026. By category: qualified institutional buyers 2.52 times, non-institutional investors 0.84 times, retail investors 1.01 times. The issue closed oversubscribed, so allotment in the oversubscribed categories was by lottery for retail and proportionate for institutions and non-institutional investors.
| Category | Shares offered | Shares bid | Times |
|---|---|---|---|
| Retail | 61,22,448 | — | 1.01× |
| NII | 91,83,673 | — | 0.84× |
| QIB | 1,83,67,347 | — | 2.52× |
Cumulative bids from the BSE and NSE public-issue platforms. The anchor portion is allotted the day before the issue opens and is not part of the book.
| Day | sHNI | Total | QIB | bHNI | NII | Retail |
|---|---|---|---|---|---|---|
| Day 1 (23 September 2026) | 0.02× | 0.21× | 0.19× | 0.47× | 0.32× | 0.14× |
| Day 2 (24 September 2026) | 0.07× | 0.24× | 0.19× | 0.49× | 0.35× | 0.25× |
| Day 3 (25 September 2026) | 0.93× | 1.89× | 2.66× | 0.87× | 0.89× | 1.07× |
Retail was subscribed about 1.01 times, so roughly one in 1 retail applicants received a lot.
1.89 times overall: QIB 2.52 times, NII 0.84 times, retail 1.01 times. The figure is the shares bid for divided by the shares offered in that category, from the exchanges' cumulative bid data.
Yes, 1.89 times overall, and 1.01 times in retail. Above one time, applicants in that category are not guaranteed shares.
Retail was subscribed about 1.01 times, so roughly one in 1 retail applicants received a lot.
Qualified institutional buyers are mutual funds, insurers, banks and foreign institutions. Non-institutional investors, also called HNI, are individuals and bodies bidding above two lakh rupees, split into small (two to ten lakh) and big (above ten lakh). Retail is an individual bidding up to two lakh rupees. A book-built mainboard issue sets aside at least 35 percent for retail, 15 percent for NII and up to 50 percent for QIBs.
No. Subscription measures demand during the three bidding days; the listing price is discovered in the pre-open session on listing morning and depends on the market that day. Heavily subscribed issues have listed at a discount and thin ones at a premium. Read the figure with the expected premium and the company's numbers, not instead of them.
28 September 2026. The allotment status is searchable by PAN on Rupix and on the registrar's page from that evening.