Elevate Campuses IPO lot size and price band
The Elevate Campuses IPO lot size is 41 shares. At the upper price band of ₹362, one lot costs ₹14,842: that is the minimum investment.
A retail application can be for 1 to 13 lots (up to ₹1,92,946, under the ₹2 lakh retail limit). HNI (NII) applications start at 14 lots (₹2,07,788), and big HNI above ₹10 lakh at 68 lots.
The price band is ₹343 to ₹362. The final issue price is set inside it after bidding and was ₹362; the amount blocked is worked out at the upper end, so a lower final price releases the difference. At the lower end one lot would cost ₹14,063.
Elevate Campuses IPO: how many shares to bid for
The smallest and largest bid in each category, at the upper price band. Enter the number of shares (or lots) shown.
| Category | Minimum bid | Maximum bid |
|---|---|---|
| Retail (up to ₹2 lakh) | 41 shares (1 lot), ₹14,842 | 533 shares (13 lots), ₹1,92,946 |
| Small HNI (₹2 lakh to ₹10 lakh) | 574 shares (14 lots), ₹2,07,788 | 2747 shares (67 lots), ₹9,94,414 |
| Big HNI (above ₹10 lakh) | 2788 shares (68 lots), ₹10,09,256 | no upper limit |
Elevate Campuses IPO amount by number of lots
At the upper price band. Retail covers bids up to ₹2 lakh, small HNI above ₹2 lakh up to ₹10 lakh, big HNI above ₹10 lakh.
| Lots | Shares | Amount | Category |
|---|---|---|---|
| 1 | 41 | ₹14,842 | Retail |
| 2 | 82 | ₹29,684 | Retail |
| 3 | 123 | ₹44,526 | Retail |
| 4 | 164 | ₹59,368 | Retail |
| 5 | 205 | ₹74,210 | Retail |
| 6 | 246 | ₹89,052 | Retail |
| 8 | 328 | ₹1,18,736 | Retail |
| 10 | 410 | ₹1,48,420 | Retail |
| 13 | 533 | ₹1,92,946 | Retail |
| 14 | 574 | ₹2,07,788 | Small HNI |
| 68 | 2788 | ₹10,09,256 | Big HNI |
What lot size and price band mean
The lot size is the smallest number of shares you can bid for, and bids go up in whole lots. The price band is the range within which you can bid; most IPOs end up priced at its top.
Retail applicants can bid at the cut-off price, which means accepting whatever the final price is. The amount blocked is calculated at the top of the band.
Questions
What is the Elevate Campuses IPO lot size?
41 shares per lot.
What is the minimum investment in the Elevate Campuses IPO?
₹14,842: one lot of 41 shares at the upper price band.
How many lots can a retail investor apply for in Elevate Campuses?
Up to 13 lots (₹1,92,946); one more lot would pass the ₹2 lakh retail limit.
What is the minimum HNI application in Elevate Campuses?
14 lots, ₹2,07,788.
What is the Elevate Campuses IPO price band?
₹343 to ₹362.
Learn more
- Lot size and price band explained
- How many lots to apply for
- The cut-off price
- What is the HNI category?
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Track your family’s Elevate Campuses applications free — allotment checked at the registrar and emailed to you.
Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.