Elevate Campuses IPO Day 2: Subscription Status on 24 September 2026

The issue has entered Day 2 of its three day bidding window, which opened on 23 September and closes on 25 September 2026. Elevate Campuses Limited, a Hillhouse-backed student accommodation and K-12 education infrastructure platform, is raising about Rs 2,100 crore entirely through a fresh issue, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue closed with the issue subscribed 0.21 times overall, a measured start given the scale of the offer. With two sessions still remaining, including the 25 September close, and institutional demand for an issue of this size typically taking shape gradually, the final subscription figure for the issue will become clearer only closer to the deadline.

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Elevate Campuses IPO Details

The table below sets out the key parameters of the issue.

Open Date	23 September 2026
Close Date	25 September 2026
Price Band	Rs 343 to Rs 362 per share
Lot Size	41 shares
Issue Size	About Rs 2,100 crore (entirely fresh issue)
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	28 September 2026
Listing Date	30 September 2026

Elevate Campuses IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (23 Sep, 4:53 PM)	Overall Subscription So Far (Day 2, 24 Sep)
Qualified Institutional Buyers (QIB)	0.19 times	Updating
Non-Institutional Investors (NII)	0.32 times	Updating
Retail Individual Investors	0.14 times	Updating
Overall	0.21 times	Updating through the session

Non-institutional investors led the issue through Day 1, narrowly ahead of QIB, while retail has room to build over the remaining sessions. Investors should treat the Day 2 figures as provisional since bidding remains open until the 25 September close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Elevate Campuses IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 343 to Rs 362 band, in multiples of 41 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 25 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 25 September close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has made a measured start given its scale, closing Day 1 subscribed 0.21 times overall, and two sessions still remain before the 25 September close for the book to build. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Elevate Campuses IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 0.21 times overall, with NII leading at 0.32 times, QIB at 0.19 times, and retail at 0.14 times, and figures for Day 2, 24 September 2026, are updating through today's session on NSE and BSE.

When does the Elevate Campuses IPO close?

Ans. The issue closes for subscription on 25 September 2026, having opened on 23 September 2026.

What is the Elevate Campuses IPO price band and lot size?

Ans. The issue price band is Rs 343 to Rs 362 per share, with a lot size of 41 shares, taking the minimum retail investment to about Rs 14,842 at the upper band.

Which category led the Elevate Campuses IPO on Day 1?

Ans. Non-institutional investors led the issue on Day 1, subscribing their reserved portion 0.32 times, narrowly ahead of qualified institutional buyers at 0.19 times, while retail stood at 0.14 times.

What is the Elevate Campuses IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Elevate Campuses IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 41 shares within the Rs 343 to Rs 362 band and approving the UPI mandate before the daily cut off.

When will the Elevate Campuses IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 28 September 2026, with listing on both NSE and BSE tentatively scheduled for 30 September 2026.

Why is subscription in the Elevate Campuses IPO relatively low so far?

Ans. Given the sheer scale of the issue at about Rs 2,100 crore, institutional and larger investor demand typically takes shape gradually across the bidding window, so a subscription level below full book through Day 2 is not unusual for an issue of this size.

What does Elevate Campuses Limited do?

Ans. Elevate Campuses Limited, formerly Good Host Spaces Limited, owns, operates and manages on-campus student accommodation under the Good Host Spaces and ScholarZ brands, alongside K-12 school assets in India and the UAE.