Elevate Campuses IPO
GMP, Subscription, Price, Dates & Financial Details
Power and Energy
Elevate Campuses Ltd. Incorporated in 2005, Elevate Campuses Ltd. owns, operates, and manages on-campus student accommodation across higher education institutions (HEIs) and K-12 assets. As of August 31, 2025, the company has a total capacity to serve 94,758 students across 20 cities in India and…
Open Date
Wed, 23 Sep 2026
Close Date
Fri, 25 Sep 2026
Issue Price
Not Announced
Lot Size
Not Announced
Issue Size
₹ 2,550.00 Cr
Minimum Investment
NA
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Elevate Campuses IPO is set to open its Initial Public Offering (IPO) for subscription on September 23, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹2,550.00 Crore.
The Elevate Campuses IPO will open for subscription on September 23, 2026, and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 30, 2026.
The price band and lot size for Elevate Campuses IPO are yet to be announced.
KFin Technologies Limited is the registrar to the issue. IIFL Capital Services Limited, Morgan Stanley India Company Private Limited, and JM Financial Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Elevate Campuses IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 25, 2026.
Elevate Campuses IPO Timeline (Tentative)
- IPO Open Date
- Wed, 23 Sep 26
- IPO Close Date
- Fri, 25 Sep 26
- Basis of Allotment
- Mon, 28 Sep 26
- Initiation of Refunds
- Tue, 29 Sep 26
- Credit of Shares to Demat
- Tue, 29 Sep 26
- Listing Date
- Wed, 30 Sep 26 — BSE & NSE
Open Date
23 September 2026
Close Date
25 September 2026
Basis Of Allotment
28 September 2026
Listing Date
30 September 2026
IPO Subscription
Check Live Subscription →The Elevate Campuses IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 23 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 702.71 | 655.77 | 576.99 |
| Revenue | 394.13 | 362.61 | 300.92 |
| Profit After Tax | 52.65 | 39.69 | 29 |
| Net Worth | 702.71 | 655.77 | 576.99 |
| Reserve & Surplus | 700.5 | 653.56 | 574.78 |
| Total Borrowings | 1206.6 | 984.71 | 1026.12 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Elevate Campuses Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROCE % | 10.02 | 9.72 | 9.78 |
| RoNW % | 7.49 | 6.05 | 5.03 |
| Pat Margin % | 13.36 | 10.95 | 9.64 |
Peers Comparison
No Peer Comparision Available
About Elevate Campuses Limited
Elevate Campuses Ltd.
Incorporated in 2005, Elevate Campuses Ltd. owns, operates, and manages on-campus student accommodation across higher education institutions (HEIs) and K-12 assets. As of August 31, 2025, the company has a total capacity to serve 94,758 students across 20 cities in India and one city in the United Arab Emirates (UAE). Its student housing business operates under the brands “Good Host Spaces” and “ScholarZ.”
Portfolio
- Owned Portfolio:
- 5 student accommodation campuses comprising 16,934 beds
- 16 K-12 assets (including 3 under development)
- 2 student accommodation facilities managed by HEIs but owned by K-12 HoldCos across 8 Indian cities
- 2 K-12 assets located in Dubai
- Managed Portfolio:
- 14 student accommodation campuses with 49,338 beds
Beyond accommodation, the company also provides community and campus technology services, including media coverage for HEIs and community event management.
Partnerships & Platform
Elevate collaborates with leading institutions such as Manipal Academy of Higher Education (MAHE), Manipal University Jaipur (MUJ), and Meraki Education. Its integrated Elevate Platform combines student housing and K-12 assets to support students throughout their academic lifecycle.
Growth & Expansion
Between Academic Year 2023 and August 2025, the company added:
- 21,764 new beds
- 6 K-12 assets (on a post-acquisition group basis)
During the same period, Elevate expanded its presence from 17 cities and 23 institutes to 21 cities and 33 institutes, through a mix of greenfield and brownfield K-12 developments.
Workforce
As of August 31, 2025, Elevate Campuses Ltd. employed 397 full-time staff.
Elevate Campuses IPO Promoters
- Genius Bidco Holdings Pte. Ltd.
- Genius Rajkot Investment Holdings Pte. Ltd.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Elevate Campuses IPO Objective
The Company Elevate Campuses IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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 borrowings 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
- Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes
Elevate Campuses Limited Address / Contact Details
Elevate Campuses Ltd.
Naman Midtown, Unit No 902-906
9 th Floor, Tower B, Senapati Bapat Marg,
Lower Parel,
Mumbai, Maharashtra, 400013
Phone: +91 22 6820 1600
Email: companysecretary@elevatecampuses.com
Website: http://www.elevatecampuses.com/
IPO Snapshot
Elevate Campuses IPO Lot Size
The Elevate Campuses IPO has a lot size of 0 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
Book Running Lead Managers
- IIFL Capital Services Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Elevate Campuses IPO?
Elevate Campuses IPO is a Book-building IPO with a total issue size of ₹2550 crore. The Elevate Campuses IPO price band is ₹0 to 0 per share. The Elevate Campuses IPO subscription opens on Wed, Sep 23, 2026, and closes on Fri, Sep 25, 2026. The Elevate Campuses IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Elevate Campuses IPO.
When will the Elevate Campuses IPO open for subscription?
The Elevate Campuses IPO opens on Wed, Sep 23, 2026 and closes on Fri, Sep 25, 2026
What is Elevate Campuses IPO Price Band?
Elevate Campuses IPO Price Band is ₹0 to 0 per share.
What is Elevate Campuses IPO Lot Size?
Elevate Campuses IPO lot size is 0 shares, Retail investors need a minimum investment of ₹0 based on the upper price band
What is the minimum investment for Elevate Campuses IPO?
The minimum investment for Elevate Campuses IPO is ₹0, based on one lot of 0 shares at the upper price band of ₹0 per share.
How to apply for Elevate Campuses IPO?
Investors can apply for the Elevate Campuses IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 25, 2026. The application amount remains blocked until the Elevate Campuses IPO allotment is finalized.
What is Elevate Campuses IPO Issue Size?
Elevate Campuses IPO issue size is ₹2550 crores.
What is the Elevate Campuses IPO Allotment Date?
Elevate Campuses IPO allotment date is Mon, Sep 28, 2026.
Who is the Elevate Campuses IPO Registrar?
The registrar for Elevate Campuses IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Elevate Campuses IPO allotment status, refund processing, and other IPO-related information.
Who is the Elevate Campuses IPO Lead Manager?
The book-running lead managers (BRLMs) for the Elevate Campuses IPO are IIFL Capital Services Limited, Morgan Stanley India Company Private Limited and JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Elevate Campuses IPO Red Herring Prospectus (RHP).