IPO GMPs: Adroit Industries IPO, Swastika Infra IPO to Elevate Campuses IPO | What grey market hints ahead of opening?
A ipo & listings development with market-wide reach.
22 Sept 2026 · LiveMint Markets, NDTV Profit
On September 23, the primary market launches four IPOs—ArMee Infotech, Swastika Infra, Adroit Industries, and Elevate Campuses—seeking ₹2,700 crore over three days. Elevate Campuses aims for ₹2,100 crore, with varying price bands from ₹126 to ₹375 per share.
Key facts
- Dates in focus
- September 23
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- Sector exposure: Infrastructure.
In this story
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