Elevate Campuses IPO Day 3: Subscription Closes Today, 25 September 2026

Elevate Campuses Limited, a Hillhouse-backed student accommodation and K-12 education infrastructure platform, has reached the final day of its IPO subscription window today, 25 September 2026. The Elevate Campuses IPO opened on 23 September and is a mainboard, book built issue worth about Rs 2,100 crore, entirely a fresh issue. The shares are proposed to list on both NSE and BSE.

Demand for the issue has built only gradually through the bidding window, moving from 0.21 times through Day 1 to around 0.24 times by the close of Day 2. Given the scale of this issue, institutional demand typically takes shape late in the window, and today's closing session will be decisive for how much the book ultimately builds.

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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 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2.

Session	Overall	NII	Retail	QIB
Day 1 close (23 Sep, 4:53 PM)	0.21x	0.32x	0.14x	0.19x
Day 2 close (24 Sep, 5:04 PM)	0.24x	0.35x	0.25x	0.19x
Day 3, closing day so far (25 Sep)	Updating through the session

Demand for the issue has built only slowly through the window, with NII marginally ahead of the other categories. With bidding open until the end of today's session, the final subscription numbers should be confirmed on NSE and BSE once the window shuts.

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 well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closes today with subscription still below full book at around 0.24 times through Day 2, leaving today's final hours as the key window for institutional demand 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 before the window shuts today.

FAQs

What is the Elevate Campuses IPO subscription status on Day 3?

Ans. On the closing day, 25 September 2026, the issue carries forward a Day 2 close of around 0.24 times overall, with NII at 0.35 times, retail at 0.25 times, and QIB at 0.19 times, and figures are updating through today's final session.

When does the Elevate Campuses IPO close?

Ans. The issue closes for subscription today, 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 investment to about Rs 14,842 for one lot.

Is the Elevate Campuses IPO fully subscribed?

Ans. The issue was running at only around 0.24 times through Day 2, well below full subscription, with the final figure to be confirmed once bidding closes today.

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 before it closes?

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 today's 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?

Ans. Given the sheer scale of the issue at about Rs 2,100 crore, institutional demand typically takes shape only in the closing hours of a multi day 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.