Elevate Campuses IPO Subscription
ListedUpdated 30 September 2026, 9:15 AM IST· Mainboard
Elevate Campuses IPO subscription closed on 25 September 2026 at 1.89x overall by shares. QIB demand came in at 2.66x, NII at 0.89x, and retail at 1.07x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 28 September 2026. Listing date on NSE and BSE is 30 September 2026.
Elevate Campuses IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Sept 2026 | 0.19x | 0.32x | 0.14x | 0.21x |
| Day 2 - 24 Sept 2026 | 0.19x | 0.35x | 0.25x | 0.24x |
| Day 3 - 25 Sept 2026 | 2.66x | 0.89x | 1.07x | 1.89x |
Elevate Campuses IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Elevate Campuses IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 0.55x | Very high |
| SHNI (Rs 2L to Rs 10L) | 0.66x | Very high |
| BHNI (above Rs 10L) | 0.06x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Elevate Campuses IPO Allotment Status page from 28 September 2026 for your result.
Elevate Campuses IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 362.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 630.00 Cr | Rs 1,676.66 Cr | 2.66x |
| FII | - | Rs 788.53 Cr | - |
| DFI | - | Rs 79.00 Cr | - |
| Mutual Funds | - | Rs 369.40 Cr | - |
| Other | - | Rs 439.73 Cr | - |
| NII | Rs 315.00 Cr | Rs 280.68 Cr | 0.89x |
| bNII (above Rs 10L) | Rs 210.00 Cr | Rs 183.22 Cr | 0.87x |
| Corporate | - | Rs 52.12 Cr | - |
| Individual | - | Rs 123.20 Cr | - |
| Other | - | Rs 7.91 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 105.00 Cr | Rs 97.46 Cr | 0.93x |
| Corporate | - | Rs 75.10 L | - |
| Individual | - | Rs 85.29 Cr | - |
| Other | - | Rs 11.42 Cr | - |
| Retail | Rs 210.00 Cr | Rs 224.42 Cr | 1.07x |
| Cut-off price | - | Rs 186.99 Cr | - |
| Fixed price | - | Rs 37.43 Cr | - |
| Total | Rs 1,155.00 Cr | Rs 2,181.76 Cr | 1.89x |
Elevate Campuses IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,74,03,315 | 39 | 0.00x |
| FII | - | 6 | - |
| DFI | - | 2 | - |
| Mutual Funds | - | 7 | - |
| Other | - | 24 | - |
| NII | 15,160 | 3,955 | 0.26x |
| bNII (above Rs 10L) | 10,107 | 633 | 0.06x |
| Corporate | - | 34 | - |
| Individual | - | 520 | - |
| Other | - | 79 | - |
| sNII (Rs 2L to Rs 10L) | 5,053 | 3,322 | 0.66x |
| Corporate | - | 30 | - |
| Individual | - | 3,077 | - |
| Other | - | 215 | - |
| Retail | 1,41,490 | 77,302 | 0.55x |
| Cut-off price | - | 66,892 | - |
| Fixed price | - | 10,410 | - |
| Total | 1,75,59,965 | 81,296 | 0.00x |
What Do These Subscription Numbers Mean?
1.89x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 2.66x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.26x by applications). Split: SHNI 0.66x, BHNI 0.06x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
Elevate Campuses IPO GMP After Subscription
GMP for Elevate Campuses IPO stands at Rs 7.00 today, giving an estimated listing price of Rs 369.00 per share.
The GMP has moved lower from Rs 15.00 on 18 Sept 2026 to Rs 6.00 on 30 Sept 2026.
A subscription of 1.89x combined with a GMP of 1.93% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Elevate Campuses IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Elevate Campuses IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Allotment Date | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Share Credit to Demat | 29 September 2026 |
| Listing Date | 30 September 2026 |
| Minimum Investment | Rs 14,842.00 |
| Lot Size | 41 shares |
About Elevate Campuses IPO
Incorporated in 2005 (formerly known as Good Host Spaces Limited), Elevate Campuses Limited is a premier institutional owner, operator, and administrator of on-campus student accommodation across higher education institutions (HEIs) and K-12 school infrastructure assets in India and the United Arab Emirates. As of August 31, 2025, the platform caters to 94,758 students across 20 cities in India and Dubai, operating under recognized brands such as 'Good Host Spaces' and 'ScholarZ'. Its Owned Portfolio encompasses key student housing campuses (including O.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Elevate Campuses IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Elevate Campuses IPO Details
Issue size, price, financials, and company info
Elevate Campuses IPO GMP
Live grey market premium and listing estimate
Elevate Campuses IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Elevate Campuses IPO Allotment
Allotment date, chances, and check by PAN
Elevate Campuses IPO Review
SWOT, strengths, risks, and IPO review
Elevate Campuses IPO FAQ
Common questions on dates, GMP, and allotment
Elevate Campuses IPO Registrar
Registrar website and how to check allotment
Elevate Campuses IPO Timeline
Open, close, allotment, and listing dates
Elevate Campuses IPO News
Updates, blogs, and latest IPO news
Elevate Campuses IPO Subscription FAQs
What is Elevate Campuses IPO subscription status today?
Elevate Campuses IPO subscription closed on 25 September 2026 with overall subscription of 1.89x (by shares) as of 10 October 2026, 1:17 AM IST. QIB 2.66x, NII 0.26x, Retail 0.55x.
What is the overall subscription of Elevate Campuses IPO?
Elevate Campuses IPO is subscribed 1.89x overall by shares at close on 25 September 2026. QIB 2.66x, NII 0.26x, and Retail 0.55x.
What is Elevate Campuses IPO QIB subscription?
Elevate Campuses IPO QIB (Qualified Institutional Buyers) subscription is 2.66x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Elevate Campuses IPO Retail subscription?
Elevate Campuses IPO Retail subscription is 0.55x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Elevate Campuses IPO NII, SHNI, and BHNI subscription?
Elevate Campuses IPO NII subscription is 0.26x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.66x and BHNI (above Rs 10L) at 0.06x.
What are Elevate Campuses IPO retail allotment chances?
Elevate Campuses IPO retail share subscription is 1.07x. Application data is needed for exact lottery chances.
What are Elevate Campuses IPO SHNI allotment chances?
Elevate Campuses IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Elevate Campuses IPO BHNI allotment chances?
Elevate Campuses IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Elevate Campuses IPO allotment date?
Elevate Campuses IPO allotment date is 28 September 2026. Check Elevate Campuses IPO Allotment Status on IPOwiz from that day using your PAN.
When does Elevate Campuses IPO subscription close?
Elevate Campuses IPO subscription closed on 25 September 2026. No new applications are accepted after the close.
What is Elevate Campuses IPO GMP today?
Elevate Campuses IPO GMP is ₹7 today (+1.93% over issue price ₹362). See live GMP on the Elevate Campuses IPO GMP Today page.
What is Elevate Campuses IPO issue price and lot size?
Elevate Campuses IPO issue price is ₹362 per share. Lot size is 41 shares. Minimum investment is ₹14,842 per lot. Issue size: ₹2,100.00 Cr.
When is Elevate Campuses IPO listing date?
Elevate Campuses IPO listing date is 30 September 2026 on NSE and BSE. Allotment is on 28 September 2026.
How does subscription affect Elevate Campuses IPO allotment?
In Elevate Campuses IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 1.89x overall, competition is moderate.
For allotment results from 28 September 2026, visit the Elevate Campuses IPO Allotment Status page. For listing day updates on 30 September 2026, download the IPOwiz App.
Sources
We match Elevate Campuses IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.