Elevate Campuses IPO Listing: Shares List At A Discount Of Over 1%
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Elevate Campuses’ shares are listed at a discount of over 1% to the issue price. The issue received a moderate subscription of 1.89x overall and 1.07x in the retail category.
Shares of Elevate Campuses began trading on the domestic stock exchanges on a muted note. They listed at a discount of over 1%. The stock opened at ₹356.50 apiece on the Bombay Stock Exchange (BSE), a discount of 1.52%. On the National Stock Exchange (NSE), it opened at ₹355.10 apiece, translating into a discount of 1.91%. The issue price was ₹362 per share.
Elevate Campuses IPO And Subscription Details
The ₹2100-crore Elevate Campuses initial public offering (IPO) opened for subscription on 23 September 2026 and closed on 25 September. The mainboard IPO received a moderate response from investors, with the overall subscription reaching 1.89 times.
The qualified institutional buyer (QIB) quota received the highest subscription, with the reserved portion subscribed over 2.66 times. The non-institutional investor (NII) category was subscribed 0.89 times, whereas the retail portion was subscribed 1.89 times.
The IPO comprised entirely a fresh issue of 5.80 crore equity shares aggregating to ₹2,100 crore. There was no offer-for-sale (OFS) component.
About Elevate Campuses Ltd
Elevate Campuses Limited is an education infrastructure company. It owns, operates and manages student accommodations for higher educational institutions and K-12 schools. The company manages these accommodations under the brand names ‘Good Host Spaces’ and ‘ScholarZ’. The company has served several well-known institutions, including Manipal University. As of 31 March 2026, the company had seven owned student accommodation campuses, with 20,368 beds across six Indian cities.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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