IPO
Elevate Campuses IPO subscribed 1.79 times
By Abha Lohia · Editor ·
Elevate Campuses: revenue and funding and every story →
IPO subscriptionMumbaiFounded 2005
- Bidding for the ₹2,100 crore issue ran from 23 to 25 September 2026, priced between ₹343 and ₹362 a share
- Bids came in for 6.02 crore shares against 3.37 crore offered, driven mostly by big institutional buyers
- Institutions bid 2.52 times their quota, retail investors 1.01 times and the non-institutional group 0.84 times
What happened
- The issue was fresh shares only, with no sale by existing owners.
- Overall demand was 1.79 times the shares on offer.
- Institutions led demand at 2.52 times.
- The upper price implied a valuation of about ₹6,100 crore.
- Proceeds fund buying 16 school assets across Dubai, Hyderabad and Chennai, among others.
The numbers around it
Elevate Campuses has 1 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 22 September 2026 | Anchor round | ₹945 Cr | Undefined |
Other articles talking about it
Terms in this story
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the public and lists on a stock exchange. In India SEBI supervises it and the shares trade on the NSE and BSE. A retail investor can bid up to ₹2 lakh, and the issue stays open for three working days.
- IPO subscription: IPO subscription is the number of times investors bid for the shares on offer. A subscription of 50 times, written 50x, means bids were worth fifty times the shares available in that portion. It shows demand, not the quality of the company or the price after listing.
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