Elevate Campuses IPO Subscription Update: Issue Subscribed 20.09% on Day 1
Information Subscription
On the first day, Elevate Campuses received bids for 67,65,164 shares against 3,36,73,468 shares available for subscription, according to NSE data. The Retail Individual Investor (RII) category was subscribed 0.13 times, while the Non-Institutional Investor (NII) category stood at 0.30 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 0.18 times at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers(QIBs) | 0.18x |
| 2. | Non-Institutional Investors | 0.30x |
| 3. | Retail Individual Investors(RIIs) | 0.13x |
| - | Total | 0.20x |
Elevate Campuses Overview & Purpose
Elevate Campuses is offering a rupee 2,100 crore IPO, comprising a fresh issue of rupee 2,100 crore. The issue is priced in the range of rupee 343 to rupee 362 per share, with a minimum lot size of 41 shares.
The company plans to utilise the net proceeds towards acquiring K-12 entities and campuses from fellow subsidiaries of its promoters, repayment or prepayment of certain outstanding borrowings of the company and certain wholly owned subsidiaries, funding unidentified acquisitions and other strategic initiatives, and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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