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The Economic Times
The Economic Times
Business
Ritesh Presswala

Elevate Campuses IPO Day 3: GMP, subscription status and key details. Should you subscribe?

Elevate Campuses IPO GMP NSE

The Elevate Campuses IPO received a decent response from investors and was subscribed 1.79 times, with bids placed against the 3.36 crore shares available in the issue, according to NSE data. In the grey market, the IPO is commanding a modest 1% premium, pointing to expectations of a listing close to the issue price, based on the prevailing GMP.

On Day 2, the issue was subscribed 23% overall, with bids received against the 3.36 crore shares on offer. The retail portion was also subscribed 23%, with investors bidding for the 61.22 lakh shares reserved for that category.

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