Stories
IPO Listing Today: Swastika Infra Soars 8% Premium; Elevate Campuses, ArMee Infotech Mixed
- •Three IPOs—Swastika Infra, Elevate Campuses, and ArMee Infotech—debuted on Wednesday, September 30, showing mixed trends.
- •Swastika Infra listed at an 8.11% premium, with shares trading at Rs 200 against an IPO price of Rs 185, yielding an indicative gain of Rs 1,215 per lot.
- •Elevate Campuses opened at Rs 355.10, a 1.91% discount from its upper IPO price band of Rs 362.
- •ArMee Infotech listed flat at Rs 375, matching its upper IPO price band.
- •Swastika Infra's IPO was subscribed multiple times, while Elevate Campuses and ArMee Infotech saw overall subscriptions of 1.79 times and 2.41 times, respectively.
Key Questions Answered
Swastika Infra shares made their stock-market debut on Wednesday, September 30, 2026, at an indicative price of Rs 200 per share. This represents an 8.11% premium over its upper price band of Rs 185, translating to an indicative gain of about Rs 1,215 per minimum lot of 81 shares.
Elevate Campuses opened at Rs 355.10 on Wednesday, September 30, 2026, marking a 1.91% discount from its upper price band of Rs 362. The Rs 2,100-crore fresh issue had been subscribed 1.79 times overall during its bidding period.
ArMee Infotech listed flat on the NSE at Rs 375 on Wednesday, September 30, 2026, exactly matching the upper end of its Rs 350-Rs 375 price band with neither a premium nor a discount. The Rs 300-crore IPO had a lot size of 40 shares and was subscribed 2.41 times overall.
