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Elevate Campuses Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹362
₹362
GMP (Grey Market)
+₹1
+0.28%
Est. Listing Price
₹363
Based on GMP
Min. Investment
₹14,842
1 lot × 41 shares
Subscribed
1.49x
Over-subscribed
IPO Details
Open Date
23 Sep 2026
Close Date
25 Sep 2026
Allotment
28 Sep 2026
Listing Date
30 Sep 2026
Exchange
NSE & BSE
Price Band
₹362
Listing Price
See chart
Allotment Status
Price Band
₹362
Per share
Face Value
₹1 per share
 
Lot Size
41 Shares
per lot
Issue Size
5,80,11,049 shares (agg. up to ₹2,100 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,842
1 lot
Pre-IPO Holding
11,05,19,988 shares
Promoters
Post-IPO Holding
16,85,31,037 shares
Promoters
P/E (Pre)
23.03x
 
P/E (Post)
35.11x
 
EPS (Pre)
₹15.72
 
EPS (Post)
₹10.31
 
UPI Deadline
5:00 PM on 25 Sep 2026
Mandate
GMP
+₹1
+0.28% est.
Anchor AllotmentTue, 22 Sep 2026
Basis of AllotmentMon, 28 Sep 2026
Refund InitiationTue, 29 Sep 2026
Demat CreditTue, 29 Sep 2026
Listing DayWed, 30 Sep 2026
UPI Mandate Deadline5:00 PM on 25 Sep 2026
Sale TypeFresh capital only
Fresh Issue Shares5,80,11,049 shares (agg. up to ₹2,100 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Elevate Campuses Ltd IPO subscribed 1.49 times overall. Retail: 1.03x. QIB: 1.68x. NII: 0.88x. By 25 Sep 2026.
QIB
1.68x
Over
NII/HNI
0.88x
Retail
1.03x
Over
Total
1.49x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.68x
44,428,999
— ₹1,608.33
NII / HNI
0.88x
7,658,185
— ₹277.23
Retail
Over 1.03x
5,923,865
— ₹214.44
Total 1.49x
58,011,049
100% ₹2,100.00
IPO Shares Offered
Elevate Campuses Ltd IPO total issue size: ₹2,100.00 Cr. Retail: ₹214.44 Cr. QIB: ₹1,608.33 Cr. NII: ₹277.23 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 44,428,999 ₹1,608.33
76.59%
NII 7,658,185 ₹277.23
13.20%
Retail 5,923,865 ₹214.44
10.21%
Total 58,011,049 ₹2,100.00
100.00%
* Based on upper price band ₹362 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 7,658,185 5,923,865 13,582,050
Allotment price (₹) 362 362 362 362 362 362 362 362
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹214.44 ₹214.44
Times subscribed 1.68x — — — — 0.88x 1.03x 1.49x
Shares allotted — — — — — 7,658,185 5,923,865 13,582,050
No. of allottees — — — — — — — —
* Upper price band ₹362 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
41
Shares per Lot
Issue Price
₹362.00
Upper Band
Min Investment
₹14,842
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)282₹29,684
Retail (Max — 13 Lots)13533₹192,946
S-HNI (Min — 14 Lots)14574₹207,788
B-HNI (Min — 68 Lots)682,788₹1,009,256
* Issue Price ₹362 × Lot Size 41 shares
IPO Schedule
Anchor
22 Sep 2026
✓ Done
IPO Open
23 Sep 2026
✓ Done
IPO Close
25 Sep 2026
✓ Done
Allotment
28 Sep 2026
✓ Done
Refunds
29 Sep 2026
✓ Done
Demat Credit
29 Sep 2026
✓ Done
Listing Day
30 Sep 2026
✓ Done
Elevate Campuses Ltd — Live Price LIVE
₹362.00
INR · BSE
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Issue ₹362.00 GMP: +₹1 Live Price
About Elevate Campuses Ltd
Incorporated in 2005, Elevate Campuses Ltd. is an education infrastructure company engaged in owning, operating and managing on-campus student accommodation for higher education institutions (HEIs) and owning K-12 school assets. The Company operates its student accommodation business under the Good Host Spaces and ScholarZ brands.As of March 31, 2026, the Company’s Pre-Acquisition Group had a student accommodation capacity of 80,255 students across 15 cities in India and one city in the United Arab Emirates. Its portfolio included seven owned student accommodation campuses with 20,368 beds across six Indian cities and 14 managed campuses with 55,487 beds.The Company provides operational services covering deal sourcing, site selection, development, asset acquisition, asset repositioning and community engagement. It also provides community and campus technology services, including media coverage of HEIs and community events.The Company works with educational institutions including Manipal Academy of Higher Education, Manipal University, Jaipur and Meraki Education. As of March 31, 2026, its owned student accommodation portfolio recorded an occupancy rate of 89.37% for the Academic Year 2025-26.Since commencing operations as an independent owner and operator of student accommodation in Financial Year 2018, the Company has expanded its owned student accommodation portfolio from 9,153 beds to 20,368 beds as of March 31, 2026.As of the same date, it had 460 full-time employees in its Pre-Acquisition Group.
Objects of the Issue
1
Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses
2
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by Company and certain of Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries
3
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,
Elevate Campuses Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹362.6
31 Mar 2024
₹394.1
31 Mar 2025
₹603.4
31 Mar 2026
Profit After Tax (PAT)
₹39.7
31 Mar 2024
₹49.7
31 Mar 2025
₹173.8
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 603.39 394.13 362.61
EBITDA 545.00 256.40 220.13
Profit After Tax (PAT) 173.76 49.74 39.69
Net Worth 956.29 699.78 655.77
Total Assets 5773.35 2421.20 2104.74
Reserves & Surplus 947.45 697.57 653.56
Borrowings 4120.53 1206.60 984.71
EBITDA Margin (%) 90.32 — —
PAT Margin (%) 28.80 — —
RoCE
6.42
RoNW
18.17
PAT Margin
28.80
EBITDA Margin
90.32
Debt/Equity
4.98
Issue Structure & Shareholding
Total Shares Offered5,80,11,049
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding11,05,19,988 shares
Post-Issue Promoter Holding16,85,31,037 shares
P/BV RatioN/A
RoEN/A
RoCE6.42
Debt / Equity4.98
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
JM Financial Ltd
IIFL Capital Services Ltd
Morgan Stanley India Co.Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Elevate Campuses Ltd IPO subscribed? ▲

Elevate Campuses Ltd IPO is subscribed 1.49 times by Sep 25, 2026. Retail: 1.03x. QIB: 1.68x. NII: 0.88x.

Investor CategorySubscription
Qualified Institutional (QIB)1.68x
Non Institutional (NII/HNI)0.88x
Retail Individual1.03x
Total Subscription1.49x
What is Elevate Campuses Ltd IPO retail subscription status? ▼

The Elevate Campuses Ltd IPO retail category is subscribed 1.03 times as of 25 Sep 2026. The retail portion is oversubscribed.

How to subscribe Elevate Campuses Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Sep 2026 and closes 25 Sep 2026. Min investment: ₹14,842 (1 lot = 41 shares). UPI mandate: 5:00 PM on 25 Sep 2026.

How many times Elevate Campuses Ltd IPO subscribed? ▼

The Elevate Campuses Ltd IPO subscribed 1.49x overall. QIB: 1.68x, NII: 0.88x, Retail: 1.03x. Applications: from NSE/BSE.

How to check Elevate Campuses Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Sep 2026. Refunds: on 29 Sep 2026.

When Elevate Campuses Ltd IPO will be listed? ▼

The Elevate Campuses Ltd IPO listing date is 30 Sep 2026, Wednesday. Listed on: NSE & BSE. Issue price: ₹362. Estimated listing: ₹363. GMP: +₹1.

When Elevate Campuses Ltd IPO close? ▼

The Elevate Campuses Ltd IPO closes on 25 Sep 2026, Friday. UPI mandate: 5:00 PM on 25 Sep 2026. Allotment: 28 Sep 2026. Listing: 30 Sep 2026.