The brief
- The IPO received bids for 1.46 crore shares against 3.36 crore shares on offer
- The 0.43x subscription signals weak demand for Elevate Campuses among IPO investors
- Adroit Industries IPO subscribed 177 times; Swastika Infra, Elevate Campuses, ArMee Infotech gets full subscription
- Four IPOs from Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses move toward allotment