GMP IPO Watch
Elevate Campuses IPO Latest News: GMP, Price, Dates and Key Details
Elevate Campuses IPO opened for subscription on September 23, 2026, and will close on Sept...
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E
Mainboard IPO
LISTED
BSE, NSE
ELEVATE
Elevate Campuses IPO
Elevate Campuses IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹7
+1.9%
Est. Listing: ₹369.00
Price Band
₹343 - ₹362
Per equity share
Lot Size
41 Shares
Min Invest: ₹14,842
Issue Size
₹2,100 Cr
Fresh: ₹2,100 Cr
Issue Dates
22 September 2026 – 24 September 2026
Bidding period
Subscription
1.79x
Total overall demand
Elevate Campuses IPO Details
Key facts at a glance| IPO Open Date | 22 September 2026 | IPO Close Date | 24 September 2026 |
|---|---|---|---|
| Basis of Allotment | 27 September 2026 | Listing Date | 29 September 2026 |
| Price Band | ₹343 - ₹362 per share | Face Value | ₹10 per share |
| Market Lot Size | 41 Shares | Min Investment (Retail) | ₹14,842 |
| Total Issue Size | ₹2,100 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹2,100 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | Kfin Technologies Ltd. | ||
Elevate Campuses IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 22 September 2026 | Confirmed |
| IPO Close Date | 24 September 2026 | Confirmed |
| Basis of Allotment | 27 September 2026 | Tentative |
| Initiation of Refunds | 29 September 2026 | Tentative |
| Credit of Shares to Demat | 29 September 2026 | Tentative |
| IPO Listing Date | 29 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 25 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Elevate Campuses IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 41 Shares | ₹14,842 |
| Retail (Max) | 13 Lots | 533 Shares | ₹1,92,946 |
| S-HNI (Min) | 14 Lots | 574 Shares | ₹2,07,788 |
| S-HNI (Max) | 67 Lots | 2,747 Shares | ₹9,94,414 |
| B-HNI (Min) | 68 Lots | 2,788 Shares | ₹10,09,256 |
Elevate Campuses IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹7 +1.9%
Estimated Listing Price
₹369.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 30 Sept 2026 | ₹7 | ₹369.00 | +1.93% |
| 29 Sept 2026 | ₹6 | ₹368.00 | +1.66% |
| 28 Sept 2026 | ₹10 | ₹372.00 | +2.76% |
| 26 Sept 2026 | ₹4 | ₹366.00 | +1.10% |
| 25 Sept 2026 | ₹3 | ₹365.00 | +0.83% |
| 24 Sept 2026 | ₹3 | ₹365.00 | +0.83% |
| 23 Sept 2026 | ₹5 | ₹367.00 | +1.38% |
| 22 Sept 2026 | ₹16 | ₹378.00 | +4.42% |
| 21 Sept 2026 | ₹16 | ₹378.00 | 4.42% |
| 19 Sept 2026 | ₹15 | ₹377.00 | 4.14% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Elevate Campuses IPO Subscription Status
Demand breakdown by investor category
Retail
1.01x
QIB
2.52x
NII / HNI
0.84x
Total
1.79x
Elevate Campuses Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 2,104.74 Cr. | 362.61 Cr. | 290.41 Cr. | 39.69 Cr. |
| 2025 | 2,421.20 Cr. | 394.13 Cr. | 303.83 Cr. | 49.74 Cr. |
| 2026 | 5,773.35 Cr. | 603.39 Cr. | 504.55 Cr. | 173.76 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Elevate Campuses IPO Valuation & KPIs
Key metrics pre-issue
EPS
19.65 (Basic)
P/E Ratio
N/A
RoNW
18.17%
NAV per share
₹432.62
RoCE
-%
RoE
-%
Debt to Equity
–
PAT Margin
-%
EBITDA Margin
%
About Elevate Campuses
Elevate Campuses Limited is an owner, operator, and developer of institutional real estate platforms in India and the United Arab Emirates, specializing in student accommodation and K-12 school infrastructure. The company operates through an Owned Portfolio and a Managed Portfolio, serving higher education institutions and K-12 school operators. Its core revenue is generated from rental income through long-term lease arrangements, student accommodation fees, facility management fees, and ancillary service charges. The company provides comprehensive infrastructure and non-academic operational services, including housekeeping, security, utility maintenance, mess facilities, and student engagement activities. Elevate Campuses Limited focuses on institutional-grade educational assets, utilizing long-term agreements with built-in escalation clauses and minimum occupancy structures to maintain business continuity across its operational real estate footprint.
Elevate Campuses IPO Reservation & Share Quotas
The Elevate Campuses IPO reservation structure allocates the offered shares across qualified institutional buyers, non-institutional investors and retail investors. The QIB portion accounts for the largest share of the issue at 75%, followed by NII investors at 15% and retail investors at 10%.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Note: The share quantities are currently shown as provided and may be updated once the final issue allocation details are available.
Elevate Campuses IPO Anchor Investors
The anchor investor portion of the Elevate Campuses IPO provides details on the anchor bidding schedule, shares reserved for anchor investors and the applicable lock-in periods. The anchor investor list and final allocation details can be referred to once the relevant offer documents are updated.
| Particular | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor allocation figures and lock-in dates are shown as provided and may be updated after the final anchor allocation is announced.
Elevate Campuses IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Sept 2026 |
| IPO Close Date | 25 Sept 2026 |
| Basis of Allotment | 28 Sept 2026 |
| Refunds | 29 Sept 2026 |
| Credit to Demat Account | 29 Sept 2026 |
| IPO Listing Date | 30 Sept 2026 |
Note: The timeline for କ୍ୟାମ୍ପସକୁ ଉଚ୍ଚାରଣ କରନ୍ତୁ IPO is tentative and subject to change.
Elevate Campuses Promoters and Shareholding Pattern
The promoters of Elevate Campuses are Genius Bidco Holdings Pte. and Genius Rajkot Investment Holdings Pte. The table below presents the shareholding structure before and after the IPO, including the promoter group's expected holding following the issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 110,519,988 | 100% | 110,519,988 | 65.58% |
| Others* | – | -% | 58,011,049 | 34.42% |
| Total | 11,05,19,988 | 100% | 16,85,31,037 | 100% |
Note: The holding pattern is presented as provided for the Elevate Campuses IPO.
Elevate Campuses Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Acquisition of K-12 Entities and Campuses | 1100 (52.38%) |
| Repayment / Prepayment of Borrowings | 750 (35.71%) |
| Inorganic Growth & General Corporate Purposes | 250 (11.91%) |
Note: Objectives are as specified in the DRHP/RHP documents of କ୍ୟାମ୍ପସକୁ ଉଚ୍ଚାରଣ କରନ୍ତୁ.
Elevate Campuses About the IPO
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.
Elevate Campuses Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 362.61 Cr. | 290.41 Cr. | 39.69 Cr. | 2,104.74 Cr. |
| 2025 | 394.13 Cr. | 303.83 Cr. | 49.74 Cr. | 2,421.20 Cr. |
| 2026 | 603.39 Cr. | 504.55 Cr. | 173.76 Cr. | 5,773.35 Cr. |
Note: Financial numbers for କ୍ୟାମ୍ପସକୁ ଉଚ୍ଚାରଣ କରନ୍ତୁ are in ₹ Crores unless stated otherwise.
Elevate Campuses Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | % |
| PAT Margin | -% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | 19.65 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.17% |
| Net Asset Value (NAV) | 432.62 |
Note: Valuation KPIs for କ୍ୟାମ୍ପସକୁ ଉଚ୍ଚାରଣ କରନ୍ତୁ are computed for FY2026.
Elevate Campuses Peer Group Comparison
To Be Updated Soon
Elevate Campuses IPO FAQs
Elevate Campuses IPO opens for subscription on 22 September 2026 and closes on 24 September 2026.
The price band for Elevate Campuses IPO is set at ₹343.00 to ₹362.00 per share.
The minimum market lot size is 41 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 41 Shares (₹14,842).
The latest Grey Market Premium (GMP) for Elevate Campuses IPO is ₹7. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Elevate Campuses IPO is tentatively scheduled for 27 September 2026, and shares are expected to list on the stock exchanges on 29 September 2026.
Kfin Technologies Ltd. is the official registrar for Elevate Campuses IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.
Elevate Campuses IPO Analysis & Articles