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.