Elevate Campuses IPO Subscription at 0.21x on Day 1

Generic user silhouette icon Varda Khade - 0 min read

Last Updated: 23rd September 2026 - 06:59 pm

Elevate Campuses IPO was subscribed 0.21 times by 5:06 PM on Day 1 (September 23, 2026). The public issue received bids for 67,95,217 shares against 3,19,06,077 shares available for subscription.

Among investor categories, the NII portion witnessed the highest participation at 0.32 times, followed by the QIB portion at 0.19 times. The Retail portion was subscribed 0.14 times.

Subscription Status of Elevate Campuses IPO

Date QIB NII Retail Total
Day 1 (September 23) 0.19 0.32 0.14 0.21

Here are the subscription details for Elevate Campuses IPO Day 3, as of 5:06 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 2,61,04,972   2,61,04,972         945.000
QIB 0.19 1,74,03,315      32,25,142 116.750
NII 0.32 87,01,657         27,69,017              100.238
Retail 0.14 58,01,105        8,01,058      28.998
Total 0.21 3,19,06,077     

  67,95,217                       

245.987
 

Key Highlights – Day 1

  • Overall subscription stood at 0.21x.
  • NII portion was subscribed 0.32x.
  • QIB portion was subscribed 0.19x.
  • Retail portion was subscribed 0.14x.
  • The IPO received bids for 67.95 lakh shares against 3.19 crore shares on offer.

About Elevate Campuses

Elevate Campuses Limited, formerly known as Good Host Spaces Limited, is an education infrastructure platform engaged in owning, operating and managing on-campus student accommodation for higher education institutions. The company also owns K-12 school assets.

The company operates its student accommodation business through the Good Host Spaces and ScholarZ brands. Its services include student housing, dining, safety, wellbeing, community engagement and technology-enabled campus operations.

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