markets · Markets / IPOs / Offer Process
Elevate Campuses IPO: demat/refund Tue 29 Sep + list colour Wed 30
Tue 29 Sep is demat-credit / refund-unblock day for Elevate Campuses after allotment attention Mon 28 Sep. Fresh up to ₹2,100 Cr; band ₹343–362; registrar KFin Technologies. Scheduled BSE+NSE list ~Wed 30 Sep (process can slip). No final subscription multiple or listing-price prophecy here; check KFin / BSE / NSE only.
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Today’s process clock (Tue 29 Sep 2026): Demat-credit / refund-unblock colour for Elevate Campuses Limited — one working day after Mon 28 Sep allotment attention. Public bidding ran Wed 23 Sep – Fri 25 Sep 2026. Scheduled listing colour: Wed 30 Sep on BSE + NSE (process — can slip).
Hard prints already on Capital Chronicle (offer docs — not reinvented):
- 100% fresh book-built issue aggregating up to ₹21,000 million (₹2,100 Cr)
- Price band ₹343–362; lot 41 (price-band ad cycle; soft-flag vs RHP [●] placeholders)
- Face ₹1; designated exchange NSE; eligibility SEBI ICDR Reg. 6(2) (at least 75% QIB)
- Promoters: Genius Bidco Holdings Pte. Ltd. · Genius Rajkot Investment Holdings Pte. Ltd.
- BRLMs: JM Financial, IIFL Capital, Morgan Stanley India
- Registrar: KFin Technologies
- Business colour (RHP): student accommodation + K-12 education infrastructure (formerly Good Host Spaces)
Process calendar (tentative — can slip):
| Day | Process colour |
|---|---|
| 23–25 Sep | Bid / offer window (closed Fri 25 Sep) |
| 28 Sep | Basis of allotment attention — Capital Chronicle allotment wrap |
| 29 Sep | Demat credit / refund unblocking colour |
| ~30 Sep | Scheduled listing (BSE + NSE; can slip) |
Status still checkable (official channels only):
- Registrar — KFin Technologies — https://ipostatus.kfintech.com/ → select Elevate Campuses → PAN / application no. / DP-Client ID
- BSE — IPO application / allotment status → Equity → Elevate Campuses
- NSE — IPO bid verification / allotment status → Elevate Campuses
Desk early-IST pull confirmed the KFin IPO status portal is reachable (JS app shell). Applicant-level rows load only after the registrar publishes the basis — refresh if blank. Do not chase third-party “listing gain” apps with OTPs or demat passwords.
Subscription soft-flag: Capital Chronicle’s Day-1 midday scoreboard showed Elevate overall cover proxy ~0.11× on BSE Cumulative Bid (23 Sep ~14:18 IST) — early, not final. Fri 25 Sep close × was not primary-pulled on prior desks and is not invented here. Prefer exchange EOD / prospectus tables when citing demand. No GMP; no listing-price prophecy.
Takeaway: Tue is credit / unblock; Wed is list-auction watch if the calendar holds. Cross-read: Elevate allotment day · four IPOs open · Moneyview allotment today.
Analysis
What Tue 29 and Wed 30 are (and are not)
Elevate’s ₹2,100 Cr fresh ticket led the Wed 23 Sep four-name mainboard pack. Allotment attention was Mon 28 Sep. Today is the standard working-day step for:
- Demat credit for successful allottees (full / partial lot under the basis)
- ASBA unblocking / refund initiation for unsuccessful applicants
Tomorrow’s scheduled list day is an exchange auction + first-hour print event — not a re-open of the IPO book. This piece does not invent an opening price, premium, or GMP.
Day-1 colour already filed (timestamp soft spot)
| Colour | |
|---|---|
| BSE Cumulative Bid (~14:18 IST, 23 Sep) | Elevate overall cover proxy ~0.11× on a 3.37 Cr-share public-book field |
| Category QIB / NII / retail × | Not on that Cumulative Bid modal — omitted on purpose |
| Fri 25 Sep close × | Withheld — no primary EOD table pulled for this desk |
Prefer later exchange timestamps if a close-day table surfaces; do not flatten midday Day-1 into “the” book.
List-day hygiene (Wed 30 Sep colour)
If the calendar holds:
- Watch BSE + NSE opening auction / first prints for Elevate — not grey-market chatter
- Process slips happen — confirm list date on exchange notices / company IR before treating Wed as locked
- Pack companions (ArMee / Swastika / Adroit) share the same open–close window but have separate registrars and list calendars — not covered in this Elevate-only prep
Soft spots (do not flatten)
- No Fri 25 Sep close × — withheld rather than invented
- Band / lot from price-band advertisement cycle (RHP covers used [●] placeholders) — prefer later ad / prospectus if moved
- Demat / refund / list dates can slip one working day at a time
- Early-IST KFin / exchange screens may still be catching up after Mon allotment load
- No GMP; no listing-price prophecy; no politics; not investment advice
What to watch next
- KFin / BSE / NSE applicant status still reflecting Mon basis outcomes
- Demat credit and ASBA unblock confirmations into Tue evening / Wed morning
- Opening auction / first-hour prints on scheduled list day ~30 Sep
- Parallel Capital Chronicle IPO process desk: Moneyview allotment day
Sources
- Elevate Campuses Limited Red Herring Prospectus dated 17 September 2026 (fresh size ₹21,000 million; promoters; BRLMs; registrar KFin Technologies; Reg. 6(2); NSE designated; business colour) — as already cited in Capital Chronicle open / allotment wraps
- Company price-band advertisements / exchange IPO programme colour for floor–cap ₹343–362 and lot 41 (soft-flag vs RHP [●])
- Official status portals: KFin IPO allotment status (https://ipostatus.kfintech.com/); BSE IPO application / allotment status; NSE IPO bid verification
- Capital Chronicle prior wraps: /story/elevate-campuses-ipo-allotment-day-september-28 · /story/four-mainboard-ipos-open-september-23 · /story/four-mainboard-ipos-day1-september-23
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