The Elevate Campuses IPO entered its second day of bidding on Thursday, September 24, with investor response remaining relatively subdued so far. With the three-day issue window still open, investors can place their bids until September 25. Meanwhile, shares of the company are commanding a modest 1% premium in the grey market, pointing to limited listing expectations despite the positive GMP.
On Day 1, the issue was subscribed 20% overall against 3.36 crore shares on offer. The retail portion saw 13% subscription, with bids received for the segment offering 61.22 lakh shares.
