Elevate Campuses listing tape Wed 30 Sep — 1.50× book, soft discount vs ₹362

Why an afternoon listing close/update

Morning Wire already shipped Elevate list-watch (early IST, pre-auction) and Moneyview demat/refund eve. On a heavy IPO day the Startups & IPO Desk files the same-day listing tape once continuous prints exist and the company Basis of Allotment ad is on the IR shelf — that is the uncovered afternoon angle.

Offer + allotment — primary only

From Elevate Campuses investor site documents (Prospectus 25 Sep 2026; price-band advertisement; Newspaper Advertisement – Basis of Allotment):

• 100% fresh book-built issue; SEBI ICDR Reg. 6(2) (at least 75% QIB)
• Price band ₹343–362; minimum lot 41 (price-band ad)
• Designated stock exchange: NSE; list BSE + NSE
• Promoters: Genius Bidco Holdings Pte. Ltd. · Genius Rajkot Investment Holdings Pte. Ltd.
• BRLMs (price-band / Prospectus cycle): JM Financial, IIFL Capital, Morgan Stanley India
• Registrar: KFin Technologies
• Objects colour (Prospectus / BOA risk stack): material use of proceeds toward acquisition of K-12 entities/campuses from fellow subsidiaries of promoters (~₹11,000 million / ~52.38% of gross proceeds in BOA risk text) — prefer full objects table in Prospectus
• Business colour: on-campus student accommodation + K-12 education infrastructure (formerly Good Host Spaces)

Category demand (before rejections — BOA table):

Category	Apps	Shares applied	Reserved	×
Retail	81,969	6,192,845	5,801,104	1.07
NII ₹0.20–1.00 Mn	3,376	2,700,260	2,900,552	0.93
NII >₹1.00 Mn	551	5,071,577	5,801,105	0.87
QIB ex-anchor	39	46,304,375	17,403,316	2.66
Anchor	40	26,657,339	26,104,972	1.02
Total	85,975	86,926,396	58,011,049	1.50

Final demand colour in the same ad: at bid price ₹362, 56,519,976 equity shares (86.89% of that demand table) plus cutoff 8,290,692 (12.75%) — cumulative 65,049,042. Prefer the ad PDF over secondary retellings.

What the afternoon tape is saying (soft-flag)

Yahoo first volume>0 1-minute bars put early continuous colour near ₹355–356.5 — a soft discount to ₹362. By mid-afternoon the same feed shows LTP near ₹313 NSE / ₹307 BSE with session extremes into the low-₹290s and highs near ₹373. That is session colour, not a Capital Chronicle closing print and not investment advice.

Prior Capital Chronicle Day-1 midday Cumulative Bid proxy (~0.11× on 23 Sep) is superseded for demand citation by this BOA 1.50× table — do not flatten Day-1 midday into “the” book.

What this desk is not publishing

• An official BSE/NSE HTML opening-auction card (box curl/WebFetch to exchange quote APIs returned Access Denied)
• GMP / “expected listing gain” arithmetic
• Final EOD close before the cash session ends
• Politics; investment advice

Soft spots (do not flatten)

• Afternoon LTP ≈ not EOD; prefer live exchange quote pages and company/exchange notices
• Yahoo listing-day previousClose/chartPreviousClose 362 is issue-price scaffolding
• Pre-reject 1.50× vs after-reject category × differ — cite which table
• NII under-subscription spilled into QIB/retail per BOA notes — do not invent allotment % for applicants
• Moneyview final subscription × remains withheld on Capital Chronicle (separate desk; BidDetails Access Denied historically)
• Process calendars can slip one working day

What to watch next

• BSE/NSE EOD prints vs ₹362
• Any exchange listing/admission notices that soft-amend colour
• Moneyview scheduled list colour ~Thu 1 Oct (demat/refund still Wed process)

Sources

• Elevate Campuses Limited — Prospectus dated 25 September 2026 (issue price ₹362; fresh 58,011,049 shares aggregating up to ₹21,000.00 million; Reg. 6(2); NSE designated; bid window 23–25 Sep / anchor 22 Sep) — company IR: https://www.elevatecampuses.com/pdf/Prospectus.pdf · https://www.elevatecampuses.com/investors.html
• Elevate Campuses Limited — Price band advertisement (band ₹343–362; lot 41; fresh up to ₹21,000 million; QIB ≥75% / NII ≤15% / retail ≤10%) — https://www.elevatecampuses.com/pdf/ELEVATE-CAMPUSES-LTD%20-Price-Band-ad.pdf
• Elevate Campuses Limited — Newspaper Advertisement – Basis of Allotment (overall 1.50× before rejections; category × table; after-reject category notes; BOA 28 Sep 2026; trading commence colour Wed 30 Sep 2026; Anchor allocation 26,104,972 @ ₹362) — https://www.elevatecampuses.com/pdf/Newspaper-Advertisement-Basis-of-allotment.pdf
• Elevate Campuses Limited — Abridged Prospectus / RHP cycle on company IR (https://www.elevatecampuses.com/investors.html) · SEBI public-issues board (https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smid=11)
• Official status / quote surfaces: KFin IPO status (https://ipostatus.kfintech.com/); BSE (https://www.bseindia.com); NSE (https://www.nseindia.com) — exchange HTML quote APIs Access Denied this desk
• Afternoon tape soft-flag only: Yahoo Finance chart ELEVATE.NS / ELEVATE.BO (~14:19 IST 30 Sep 2026) — first traded 1m / LTP / day range / volume; re-check live exchanges
• Capital Chronicle prior wraps: /story/elevate-campuses-ipo-listing-day-september-30 · /story/elevate-campuses-ipo-list-prep-september-29 · /story/elevate-campuses-ipo-allotment-day-september-28 · /story/moneyview-ipo-demat-refund-listing-eve-september-30

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