Four IPOs Including Elevate Campuses Open for Subscription Raising Rs 2,700 Crore
Four IPOs—Elevate Campuses, ArMee Infotech, Swastika Infra, and Adroit Industries—opened for subscription on September 23, aiming to raise around Rs 2,700 crore collectively. Elevate Campuses leads with a Rs 2,100 crore issue priced between Rs 343-362 per share. Grey market premiums indicate positive investor sentiment, notably a Rs 26 premium for Adroit Industries. The subscription period lasts three days, closing on September 25, with companies planning to use proceeds for acquisitions, debt repayment, and business expansion.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 43/100.
Outlets measured: thefinancialexpress, mint. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
mint broke this story on 22 Sept, 10:10 am. Other outlets followed.