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The Economic Times
The Economic Times
Business
Ritesh Presswala

Elevate Campuses’ Rs 2,100 cr IPO opens for subscription. Check GMP, other details

Elevate Campuses IPO opened for subscription today, September 23, giving investors a three-day window to place their bids. Ahead of the issue opening, the company’s shares are commanding a 1% premium in the grey market, suggesting a largely muted listing expectation despite the positive premium.

The Rs 2,100 crore Elevate Campuses IPO has fixed a price band of Rs 343 to Rs 362 per share. The book-built issue comprises an entirely fresh issue of 5.80 crore equity shares, aggregating to Rs 2,100 crore. There is no offer for sale (OFS) component in the issue.

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