Elevate Campuses IPO
Elevate Campuses opens for subscription on 23 Sept 2026 and closes on 25 Sept 2026, at a price band of ₹343 – ₹362 with a lot of 41 shares. Listing is expected on 30 Sept 2026.
Updated 22 Oct 2026
Important dates
Opens
23 Sept 2026
Closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
IPO details
| Price band | ₹343 – ₹362 |
|---|---|
| Lot size | 41 shares |
| Minimum investment | ₹14,842 |
| Issue size | ₹2,100 crore |
| Face value | ₹1 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 10% |
| EPS | ₹19.65 |
| RoNW | 18.17% |
Grey market premium (GMP)
Last reported GMP: ₹6 (1.7%), an unofficial estimated listing price near ₹368 or about ₹246 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 1.85 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.19× | 0.32× | 0.14× | 0.21× |
| Day 2 | 0.19× | 0.35× | 0.25× | 0.24× |
| Day 3 | 2.66× | 0.87× | 0.9× | 1.85× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 41 | ₹14,842 |
| Retail (max) | 13 | 533 | ₹1,92,946 |
| sHNI (min) | 14 | 574 | ₹2,07,788 |
| sHNI (max) | 67 | 2,747 | ₹9,94,414 |
| bHNI (min) | 68 | 2,788 | ₹10,09,256 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 362.61 | 290.41 | 39.69 |
| FY25 | 394.13 | 303.83 | 49.74 |
| FY26 | 603.39 | 504.55 | 173.76 |
About Elevate Campuses
Elevate Campuses, founded in 2005, is an education infrastructure firm that owns, operates, and manages on-campus student accommodation for higher education institutions (HEIs). The firm operates under two brands: Good Host Spaces and ScholarZ. Its product portfolio includes 7 owned student accommodation campuses with 20,368 beds across six Indian cities and 14 managed campuses with 55,487 beds.
The firm helps businesses find deals, choose locations, develop and buy properties, improve existing properties, and work with local communities. Moreover, Elevate Campuses works with educational institutions, including Manipal Academy of Higher Education, Manipal University, Jaipur, and Meraki Education, to provide accommodation for higher education institutions (HEIs) and own K-12 school assets.
Objects of the issue
- Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses;
- Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and
- Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,
Allotment status and registrar
Kfin Technologies Ltd. is the registrar. After 28 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 040-79615565 · Elevatecampuses.ipo@kfintech.com
Lead managers and offer documents
- JM Financial Ltd.
- IIFL Capital Services Ltd.
- Morgan Stanley India Co. Pvt. Ltd.
Elevate Campuses IPO: FAQs
When does the Elevate Campuses IPO open and close?
The Elevate Campuses IPO opens on 23 Sept 2026 and closes on 25 Sept 2026.
What is the Elevate Campuses IPO price band?
The price band is ₹343 – ₹362 per share (face value ₹1).
What is the Elevate Campuses IPO lot size?
One lot is 41 shares, so the minimum investment is ₹14,842 at the upper price band.
When is the Elevate Campuses IPO allotment date?
Allotment is expected on 28 Sept 2026. Check the status on the registrar's site (Kfin Technologies Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Elevate Campuses shares list?
Listing is expected on 30 Sept 2026 on BSE, NSE.
What is the Elevate Campuses IPO GMP today?
The grey market premium was about ₹6 (1.7%) when this page was last updated, implying an unofficial estimated listing near ₹368. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.