Day-1 IPO scoreboard (14:18 IST): Adroit ~3.4× leads; Elevate ~0.11×; ArMee/Swastika sub-1×

What this scoreboard is — and is not

1. Primary ladder, not prophecy. Numbers above come from BSE’s own Cumulative Bid Details modal (AT BSE-NSE) and the matching DisplayIPO issue-size field.
2. Overall cover ≠ category ×. Without a QIB / NII / retail table on that modal, do not invent category multiples. A midday secondary tip that Elevate was “~5% with category splits” is desk-only and unverified against this 14:18 print (~0.11× / ~11% overall cover) — soft-flag by timestamp, not by outlet.
3. Issue size on BSE is the live public book (shares). For Reg. 6(2) names such as Elevate, that is typically the post-anchor public portion, not the full pre-anchor fresh rupee ticket. Compare sizes to the morning open scoreboard, don’t flatten them.
4. Intraday drift is normal. Midday vs evening prints will disagree; prefer the later exchange timestamp.

How to read Day-1 without over-calling

• Adroit ~3.4× on Day-1 is the standout cover proxy in this pack — still not allotment odds, and still two days left.
• Elevate ~0.11× on a 3.37 Cr-share public book is early for a ₹2,100 Cr-class fresh issue; QIB timing often back-loads. Wait for category tables / Day-2–3.
• ArMee ~0.41× / Swastika ~0.62× sit mid-pack on overall cover — process colour, not a “failed open” headline.
• Cut-off quantities on the same ladder (Elevate ~6.0 lakh; Adroit ~1.77 Cr; Swastika ~15.0 lakh; ArMee ~13.9 lakh at 14:18) are retail-ish colour only when read next to lot size — not a retail × print.

Listing-eve / open-eve calendar (Thu 24 Sep)

Same primary week, different process:

• NSE IPO — listing calendar colour Thu 24 Sep (can slip); demat / credit attention around 23 Sep in the allotment-week process. Stick to Capital Chronicle’s close / countdown scoreboards (~5.7× book band; ~38.5 lakh apps) — do not invent listing premium.
• Moneyview — BSE shows Forthcoming; public book 24–28 Sep; band ₹32–34; lot 441; RHP framed ~₹1,091.61 Cr with anchor window 23 Sep. Anchor allocation colour, if any, waits for exchange / company notice — not invented here.

Soft spots (do not flatten)

• No category × on the Cumulative Bid modal pulled ~14:18 IST — omitted on purpose.
• NSE bid/API pages returned Access Denied from this desk’s egress — scoreboard is BSE Cumulative Bid Details only. Soft-flag if a later NSE category table diverges.
• ~0.11× vs “~5%” midday tip — different clocks; we publish the 14:18 IST primary ladder.
• Share counts / × — desk arithmetic from BSE fields; rupee demand not restated as a single “issue subscribed ₹X Cr” claim.
• SME / other Live names on the same BSE Public Issues page (Varmora, Himalaya Nutravedics, etc.) — out of scope for this four-name Day-1 pack.

What to watch next

• Day-2 / Day-3 / close Cumulative Bid updates + any official category subscription tables
• Elevate / ArMee / Swastika / Adroit anchor allocation notices already linked on BSE DisplayIPO
• Moneyview open 24 Sep and NSE list 24 Sep process prints
• Allotment / refund / listing calendars once Prospectus replaces RHP post pricing

Sources

• BSE Public Issues live / forthcoming table — https://www.bseindia.com/publicissue.html (session ~14:18 IST, 23 Sep 2026)
• BSE DisplayIPO + Cumulative Bid Details (AT BSE-NSE), last updated 23/09/2026 02:18:00 pm:
  • Elevate Campuses — https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4838&type=IPO&idtype=1&status=L&IPONo=7987&startdt=23%2F09%2F2026
  • Adroit Industries India — https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4844&type=IPO&idtype=1&status=L&IPONo=7993&startdt=23%2F09%2F2026
  • Swastika Infra — https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4842&type=IPO&idtype=1&status=L&IPONo=7991&startdt=23%2F09%2F2026
  • ARMEE Infotech — https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4843&type=IPO&idtype=1&status=L&IPONo=7992&startdt=23%2F09%2F2026
• BSE IPO bid API (GetMkt_ISSUE_BBS_IPO) issue-size / band / lot fields for IPO_NO 7987, 7993, 7991, 7992 (same session)
• Capital Chronicle prior scoreboards: four mainboard IPOs open 23 Sep; Moneyview opens 24 Sep; NSE listing countdown 24 Sep

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