IPO profile
Elevate Campuses Limited
ELEVATE · NSE
- Price band
- ₹343 - ₹362
- Subscription
- 1.36x
Application & Issue Details
- Minimum Quantity
- 41 shares
- Minimum Application
- ₹14,842
- Issue Size
- Rs. 2100 Cr
- Face Value
- Not available
- Issue Price
- ₹362
Company Overview
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 provides comprehensive infrastructure and non-academic operational services, including housekeeping, security, utility maintenance, mess facilities, and student engagement activities. It counts top names like Jindal, Manipal, and Shoolini among its clients.
Important Dates
- Open Date
- 23 Sept 2026
- Close Date
- 25 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 30 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 1.88x
- NII
- 0.67x
- Retail
- 0.82x
- Total
- 1.36x
Updated 25 Oct 2026, 12:08 pm · source: nse
Actual Listing Performance
- Listing Date
- 30 Sept 2026
- Actual Listing Price
- ₹355.1
- Gain/Loss Per Share
- -₹6.9
- Gain/Loss Per Lot
- -₹282.9
- Listing Gain/Loss %
- -1.91%
- Measured Against
- ₹362
- Lot Size
- 41 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Established presence in student accommodation and K-12 school infrastructure.
- Long-term lease and service contracts provide structured, recurring revenue streams.
- Education is considered recession-proof and non-discretionary, adding revenue stability
- ~99% occupancy rates across owned student accommodation facilities.
- Geographically diversified footprint across multiple major cities in India and the UAE.
Key risks
- Revenue is heavily dependent on a limited number of large educational institutions.
- Subject to early termination, non-renewal, or default risks under long-term leases.
- Expansion into greenfield development projects carries execution and cost overrun risks.
- Delays in receiving lease rentals or management fees may adversely affect cash flows.
- High leverage and debt servicing requirements could constrain operational flexibility.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.