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Elevate Campuses IPO listing day Wed 30 Sep — BSE+NSE watch
Wed 30 Sep: Elevate Campuses Limited BSE+NSE listing day after Tue demat/refund. Fresh up to ₹2,100 Cr; band ₹343–362; registrar KFin. Prices indicative until first trades.
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Today’s process clock (Wed 30 Sep 2026): Scheduled listing / opening-auction watch for Elevate Campuses Limited on BSE + NSE. Public bidding ran Wed 23 Sep – Fri 25 Sep 2026. Allotment attention was Mon 28 Sep; demat-credit / refund-unblock colour was Tue 29 Sep. Soft-flag: this Capital Chronicle desk is filing early IST before the cash open — confirm list commencement on live exchange notices / quote pages before treating Wed as locked.
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 — list-prep wrap |
| ~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. For list-day tape, prefer live bseindia.com / nseindia.com quote pages once trading commences — not grey-market chatter.
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: Wed is list-auction watch if the calendar holds — not a re-open of the book and not a call. Cross-read: list prep · allotment day · Moneyview demat + list eve.
Analysis
What Wed 30 Sep is (and is not)
Elevate’s ₹2,100 Cr fresh ticket led the Wed 23 Sep four-name mainboard pack. Allotment attention was Mon 28 Sep; demat/refund colour was Tue 29 Sep. Today’s scheduled event is:
- Exchange listing / opening auction on BSE + NSE (if the calendar holds)
- First-hour print colour once continuous trading begins
This piece does not:
- Invent an opening price, premium, or GMP
- Invent a Fri 25 Sep final close subscription multiple
- Treat early-IST process colour as a confirmed auction print before the cash session
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
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
- Re-check live quote pages after the cash open; early-IST process desks file before first prints exist
- Pack companions (ArMee / Swastika / Adroit) share the same open–close window but have separate registrars and list calendars — not covered in this Elevate-only list wrap
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
- Early-IST filing: list commencement not independently confirmed via a saved exchange circular HTML this desk — treat as scheduled list colour / list-watch until live quote pages show trading
- Demat / refund / list dates can slip one working day at a time
- No GMP; no listing-price prophecy; no politics; not investment advice
What to watch next
- Opening auction / first-hour prints once Elevate is live on BSE + NSE
- KFin / BSE / NSE applicant status still reflecting Mon basis outcomes for late checkers
- Parallel Capital Chronicle IPO process desk today: Moneyview demat/refund + listing eve
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 / list-prep 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-list-prep-september-29 · /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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