Mumbai, Sept. 28 -- The initial public offer (IPO) of Elevate Campuses was subscribed 0.43 times. The issue received bids for 1,46,35,852 shares against 3,36,73,468 shares on offer.

Qualified institutional buyers (QIBs) subscribed 0.64 times, the non-institutional investor (NII) category subscribed 0.18 times and Individual investors (IND category, bidding for two lots) subscribed 0.19 times.

The IPO opened for subscription on 23 September 2026 and will close on 25 September 2026. The price band has been fixed at Rs 343 to Rs 362 per share.

The issue is entirely a fresh issue of shares worth Rs 2,100 crore at the upper end of the price band, with no offer-for-sale component. The minimum bid is 41 shares. The equity shares are proposed ...