Elevate Campuses

Elevate Campuses

LISTED

IPO Date: 23 Sept - 25 Sept 2026

Listing Date: 30 Sept 2026

Price Range

Rs.343 - Rs.362

Issue Size

2100 Cr

Min Investment

₹14,063

Min Application

41 Shares

View IPO Document

Schedule of Elevate Campuses

  1. Issue open date

    23 Sept 2026

  2. Issue close date

    25 Sept 2026

  3. UPI mandate deadline

    25 Sept 2026 (5 PM)

  4. Allotment finalization

    28 Sept 2026

  5. Share credit

    29 Sept 2026

  6. Listing date

    30 Sept 2026

  7. Mandate end date

    10 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall2100 Cr
Fresh Issue2100 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
30 Sept 2026Latest₹362₹7₹369(+1.8%)
29 Sept 2026₹362₹7₹369(+1.8%)
28 Sept 2026₹362₹6₹368(+1.66%)
27 Sept 2026₹362₹9₹371(+2.62%)
26 Sept 2026₹362₹10₹372(+2.76%)
25 Sept 2026₹362₹4₹366(+1.1%)
24 Sept 2026₹362₹2₹364(+0.69%)
23 Sept 2026₹362₹4₹366(+1.24%)
22 Sept 2026₹362₹5₹367(+1.38%)
21 Sept 2026₹362₹16₹378(+4.42%)
20 Sept 2026₹362₹16₹378(+4.42%)
19 Sept 2026₹362₹16₹378(+4.42%)
18 Sept 2026₹362₹15₹377(+4.14%)

Performance Elevate Campuses

Issue PriceListing GainCurrent Market PriceP/L
Rs.343 - Rs.362₹ 355 (-1.91%) ₹ 285.95-21.01%

About Elevate Campuses

Elevate Campuses is an education infrastructure company that owns, operates, and manages on-campus student accommodation across higher education institutions (HEIs) and owns K-12 education assets. Its student accommodation business operates under the “Good Host Spaces” and “ScholarZ” brands. As of March 31, 2026, its owned portfolio comprised seven student accommodation campuses with 20,368 beds across six Indian cities and two K-12 assets in Dubai, UAE. Its managed portfolio comprised 14 student accommodation campuses with 55,487 beds under management. The company also provides community and campus technology services for its managed portfolio, including media coverage of HEIs and organising community events. Overall, its portfolio had the capacity to cater to 80,255 students and was present across 15 cities in India and one city in the UAE as of March 31, 2026. The company’s operations include deal sourcing, site selection, development, asset acquisition, asset repositioning, and community engagement.

Founded in2005
Managing directorAnami Narayan Roy
Parent organization

Financial Overview

Strengths

5
  1. 1

    Established presence in student accommodation and K-12 school infrastructure.

  2. 2

    Long-term lease and service contracts provide structured, recurring revenue streams.

  3. 3

    Education is considered recession-proof and non-discretionary, adding revenue stability

  4. 4

    ~99% occupancy rates across owned student accommodation facilities.

  5. 5

    Geographically diversified footprint across multiple major cities in India and the UAE.

Risks

5
  1. 1

    Revenue is heavily dependent on a limited number of large educational institutions.

  2. 2

    Subject to early termination, non-renewal, or default risks under long-term leases.

  3. 3

    Expansion into greenfield development projects carries execution and cost overrun risks.

  4. 4

    Delays in receiving lease rentals or management fees may adversely affect cash flows.

  5. 5

    High leverage and debt servicing requirements could constrain operational flexibility.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)0.19
Non-Institutional Investors (NIIs)0.35
Retail Individual Investors (RIIs)0.25
EmployeeN/A
Total0.24