Elevate Campuses
· Mainboard · NSE, BSE
Price Band
₹343–362
Lot Size
41 shares
Issue Size
₹2,100 Cr
Min. Investment
₹14,842
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹368.5 — arithmetic, not a forecast
Subscription Status
Elevate CampusesIPO: Overview & Key Facts
Elevate Campuses IPO is a Mainboard issue that listed on NSE, BSE on 30 September 2026. The price band is ₹343–₹362 per equity share, with a market lot of 41 shares. The total issue size is ₹2,100 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (41 shares), amounting to ₹14,842.
Elevate Campuses IPO GMP & Listing
The last grey market premium (GMP) reported for Elevate Campuses IPO before listing was ₹6.5, about 1.8% over the upper price band of ₹362, and informal quotes had eased over the sessions we recorded. The shares opened at ₹355.1 on listing day, 1.9% below the issue price of ₹362. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Elevate CampusesIPO Subscription Status & Demand Analysis
On the latest figures we have, Elevate Campuses IPO was subscribed 1.87x overall — with QIB at 2.66x, NII at 0.88x, bNII at 0.87x, sNII at 0.9x, Retail at 0.97x, from about 81,833 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Elevate Campuses IPO Allotment & Listing
The registrar for this issue is KFin Technologies Ltd.; the basis of allotment was finalised on 28 September 2026 and the shares listed on 30 September 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹362
Listed At
₹355.1
Current Price
₹298.95
Issue Objectives
- 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 Company and certain of 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,
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 4,35,08,288 | 75% |
| − Anchor Investor | 2,61,04,972 | 45% |
| − QIB (Ex. Anchor) | 1,74,03,316 | 30% |
| NII (HNI) | 87,01,657 | 15% |
| − bNII > ₹10L | 58,01,105 | 10% |
| − sNII < ₹10L | 29,00,552 | 5% |
| Retail | 58,01,104 | 10% |
- QIB39.5%
- − Anchor Investor23.7%
- − QIB (Ex. Anchor)15.8%
- NII (HNI)7.9%
- − bNII > ₹10L5.3%
- − sNII < ₹10L2.6%
- Retail5.3%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,842 |
| Retail (Max) | 13 | 533 | ₹1,92,946 |
| S-HNI (Min) | 14 | 574 | ₹2,07,788 |
| S-HNI (Max) | 67 | 2747 | ₹9,94,414 |
| B-HNI (Min) | 68 | 2788 | ₹10,09,256 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
15.72
EPS (Post IPO)
10.31
ROE
18.17%
P/E (Pre IPO)
23.03
P/E (Post IPO)
35.11
Market Cap
₹4,000.82 Cr.
Contact Details
Elevate Campuses Ltd. Address
- +91 22 6820 1600
- companysecretary@elevatecampuses.com
- https://www.elevatecampuses.com/
Registrar Contact Details
KFin Technologies Ltd.
- +91 40 6716 2222
- einward.ris@kfintech.com
- https://kfintech.com
- Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad – 500032
Frequently Asked Questions
Key Dates
- Open Date
- 23 Sept 2026
- Close Date
- 25 Sept 2026
- Basis of Allotment
- 28 Sept 2026
- Listing Date
- 30 Sept 2026
Issue Details
- Registrar
- KFin Technologies
- Exchange
- NSE, BSE