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Elevate Campuses IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 30 Sep 2026
· updated 1 month ago
Price band
₹343 – 362
GMP
+₹6.5
Est. listing price₹368.5
Est. listing gain1.80%
Issue size₹2,100 Cr
Elevate Campuses IPO Details
Open DateWed, 23 Sep 2026
Close DateFri, 25 Sep 2026
Listing DateWed, 30 Sep 2026
Listing AtBSE, NSE
Price Band₹343 – 362 per share
Lot SizeAwaited
Min. InvestmentAwaited
Issue Size₹2,100 Cr
Elevate Campuses IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 23 Sep
IPO Closes
Fri, 25 Sep
Basis of Allotment
Mon, 28 Sep
Tentative
Refunds Initiated
Tue, 29 Sep
Tentative
Shares Credited to Demat
Tue, 29 Sep
Tentative
Listing Date
Wed, 30 Sep
Elevate Campuses IPO GMP Today
All IPO GMP
GMP today
+₹6.5
Est. listing price
₹368.5
Est. gain %
1.80%
Est. profit / lot
—
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Elevate Campuses IPO GMP Trend
28 Sep – 30 Sep · ₹-3.5| Date | GMP | Est. listing |
|---|---|---|
| Wed, 30 Sep | +₹6.5 | ₹368.5 |
| Tue, 29 Sep | +₹6 | ₹368 |
| Mon, 28 Sep | +₹10 | ₹372 |
Elevate Campuses IPO Subscription Status
As of 25 Sep, 7:00 PM
Retail (RII)
1.01x
NII / HNI
0.84x
bHNI (>₹10L)
0.83x
sHNI (₹2–10L)
0.88x
QIB
2.52x
Total
1.79x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Elevate Campuses IPO Listing Price & Gain
Issue price₹362
Listing price (NSE)₹355.1
Listing gain-1.91%
Listing-day close₹322.95 (-10.8%)
The last GMP before listing (₹6) pointed to about ₹368; the shares opened 3.6 points below that estimate. How accurate is GMP?
Elevate Campuses IPO Allotment Status
The registrar for this IPO is KFin Technologies. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Elevate Campuses IPO analysis: what the numbers say
Elevate Campuses is an education infrastructure corporation that owns and manages K–12 school assets as well as on-campus housing for higher education institutions (HEIs). The issue size is ₹2,100 Cr.
Revenue rose from ₹362.61 Cr in FY24 to ₹603.39 Cr in FY26, a compound annual growth of 29%. Profit after tax grew from ₹39.69 Cr to ₹173.76 Cr. That is a net profit margin of 28.8% in FY26. Borrowings were 4.31 times net worth at the end of FY26.
The issue closed subscribed 1.79x overall (QIB 2.52x, NII 0.84x and retail 1.01x). Elevate Campuses listed at ₹355.1 on 30 Sep 2026, -1.9% against the issue price of ₹362. The last GMP before listing had pointed to about ₹368, so it opened 3.6 points below the grey market estimate. It closed the first day at ₹322.95 (-10.8%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Objects of the Elevate Campuses IPO
- Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses. ~ Rs. 1,100 Cr.
- Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable, availed by the Company and certain Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries. ~ Rs. 750 Cr.
- Funding inorganic growth through unidentified acquisitions, other strategic initiatives
- General Corporate Purposes.
Elevate Campuses IPO Strengths & Risks
Strengths
- Elevate is positioned as one of the largest institutionalized and independent education platforms in India, with the trust of leading education groups. Its established relationships provide a strong foundation for expanding its education infrastructure and accommodation portfolio.
- The company has developed operational capabilities and asset management expertise across its education-focused portfolio. This supports efficient management of student accommodation assets and relationships with educational institutions.
- Elevate places strong emphasis on delivering a superior student experience and promoting student well-being. Its focus on accommodation and related student services supports a comprehensive campus experience.
Risks
- For the last three fiscal years, the group's student housing division accounted for all of its operational revenue. Its business, financial situation, operational outcomes, and cash flows could all be negatively impacted by any inability to sustain healthy occupancy rates.
- In FY2025, FY2024, and FY2023, the group's three biggest HEIs accounted for 89.00%, 88.60%, and 87.50% of its operational revenue, respectively. The group's financial performance could be significantly impacted by any unfavorable development that affects these institutions.
- For the last three fiscal years, HEIs and other student housing properties in India's northern and southern regions provided the business with all of its operating revenue. Any unfavorable regional developments could have a detrimental impact on its operations, cash flows, business, and financial situation.
Elevate Campuses Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 362.61 | 394.13 | 603.39 |
| Profit after tax | 39.69 | 49.74 | 173.76 |
| Net worth | 655.77 | 699.78 | 956.29 |
| Total assets | 2,104.74 | 2,421.2 | 5,773.35 |
| Total borrowings | 984.71 | 1,206.6 | 4,120.53 |
| PAT margin | 10.95% | 12.62% | 28.8% |
Elevate Campuses Key Performance Indicators (KPIs)
ROCE6.42%
RoNW18.17%
Debt / Equity4.98
About Elevate Campuses IPO
Elevate Campuses is a mainboard IPO worth ₹2,100 crore with a price band of ₹343 – 362 per share. The issue opens on 23 September 2026 and closes on 25 September 2026. Shares are expected to list on 30 September 2026 on BSE, NSE.
Elevate Campuses IPO is a mainboard issue of Rs. 2,100 Cr (5.80 crore shares) by Elevate Campuses Limited, incorporated in 2005, which is an education infrastructure corporation that owns and manages K–12 school assets as well as on-campus housing for higher education institutions (HEIs). The company uses the Good Host Spaces and ScholarZ brands to run its student housing business.
By March 31, 2026, the Company's Pre-Acquisition Group could accommodate 80,255 students in 15 Indian cities and one UAE city. Its portfolio comprised 14 managed campuses with 55,487 beds and seven owned campuses with 20,368 beds spread across six Indian cities.
Deal sourcing, site selection, development, asset purchase, asset repositioning, and community engagement are among the operational services offered by the company. Additionally, it offers campus and community technology services, such as media coverage of HEIs and local events.
Its owned student accommodation portfolio recorded an occupancy rate of 89.37% for the Academic Year 2025-26. The Company has expanded its owned student accommodation portfolio from 9,153 beds to 20,368 beds as of March 31, 2026.
Elevate Campuses IPO: FAQs
What is the subscription status of Elevate Campuses IPO?
The issue closed subscribed 1.79x overall (QIB 2.52x, NII 0.84x and retail 1.01x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Elevate Campuses IPO?
Elevate Campuses listed at ₹355.1 on 30 Sep 2026, -1.9% against the issue price of ₹362. The last GMP before listing had pointed to about ₹368, so it opened 3.6 points below the grey market estimate. It closed the first day at ₹322.95 (-10.8%).
What is the price band of Elevate Campuses IPO?
The Elevate Campuses IPO price band is ₹343 – 362 per share and the issue size is ₹2,100 crore.
When does Elevate Campuses IPO open and close?
Elevate Campuses IPO opens for subscription on Wednesday, 23 September 2026 and closes on Friday, 25 September 2026. Bids are accepted until 5 PM on the closing day.
What is the Elevate Campuses IPO allotment date?
The basis of allotment for Elevate Campuses IPO is expected to have been finalised on Monday, 28 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Elevate Campuses IPO allotment status?
Visit the website of the registrar, KFin Technologies, select Elevate Campuses IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Elevate Campuses IPO listing date?
Elevate Campuses shares listed on BSE, NSE on Wednesday, 30 September 2026 at ₹355.1 per share.
Is Elevate Campuses a mainboard or SME IPO?
Elevate Campuses is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 30 Sep 2026, 5:15 AM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.