Elevate Campuses IPO GMP today is Rs 7. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
ELEVATE
Elevate Campuses IPO GMP & Allotment
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.
- IPO Price Band
- ₹343.00 - ₹362.00
- Lot Size
- 41 Shares
- Bidding Closes
- 25 Sept 2026
- Listing Date
- 30 Sept 2026
Quick Answer & Highlights
Elevate Campuses IPO GMP Today & Key Takeaways
Last updated: 30 Sept 2026
Elevate Campuses IPO officially listed on 30 Sept 2026 at Rs 355.10, delivering a -1.91% listing gain compared to its issue price of Rs 2100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹7.
Elevate Campuses IPO officially listed on 30 Sept 2026 at ₹355.10, delivering a -1.91% listing gain compared to its issue price of ₹2100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹7.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹7 | +1.93% vs upper band (30 Sept 2026) |
| Est. Listing Price | ₹355.10 | -1.91% Est. Listing Gain |
| Price Band | ₹343.00 - ₹362.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,842 | 1 Lot (41 Shares) |
| Bidding Window | 23 Sept 2026 – 25 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 28 Sept 2026 | Listing: 30 Sept 2026 |
Current GMP Status
₹7
+1.93% vs upper band
Est. Listing Gain
-1.91%
Last Trend
30 Sept 2026
Listing Price
₹355.10
Retail Entry
₹14,842
IPO Details
Complete IPO information
| IPO Open Date | 23 Sept 2026 |
|---|---|
| IPO Close Date | 25 Sept 2026 |
| IPO Price Band | ₹343.00 - ₹362.00 |
| Lot Size | 41 Shares |
| Current GMP | ₹7 |
| Estimated Listing Gain | -1.91% |
| Issue Size | Approx ₹2,100 Cr |
| Fresh Issue | Approx ₹2,100 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Kfin Technologies Ltd. |
| Overall Subscription | 1.79x |
| Minimum Investment | ₹14,842 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 183.67 | 463.17 | 2.52xx |
| NII | 91.84 | 77.54 | 0.84xx |
| Retail | 61.22 | 61.99 | 1.01xx |
| Overall Subscription | 336.73 | 602.7 | 1.79xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Elevate Campuses is priced at ₹362 per share. With a minimum lot size of 41 shares, a retail investor applying for one lot would need approximately ₹14,842 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Elevate Campuses stands at ₹7, implying an estimated listing gain of around 1.93% over the issue price if it holds until listing. This is up ₹1 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Elevate Campuses's IPO was subscribed 1.79x overall, with a category-wise breakdown of Retail 1.01x, QIB 2.52x, NII 0.84x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Sept 2026
✓
Bidding Closes
25 Sept 2026
✓
Allotment
28 Sept 2026
✓
Listing
30 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 23 Sept 2026 | Completed |
| Bidding Closes | 25 Sept 2026 | Completed |
| Allotment | 28 Sept 2026 | Completed |
| Listing | 30 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 30 Sept 2026 | ₹7.00 | +₹1.00 | 1.93% |
| 29 Sept 2026 | ₹6.00 | -₹4.00 | 1.66% |
| 28 Sept 2026 | ₹10.00 | +₹6.00 | 2.76% |
| 26 Sept 2026 | ₹4.00 | +₹1.00 | 1.10% |
| 25 Sept 2026 | ₹3.00 | - | 0.83% |
| 24 Sept 2026 | ₹3.00 | -₹2.00 | 0.83% |
| 23 Sept 2026 | ₹5.00 | -₹11.00 | 1.38% |
| 22 Sept 2026 | ₹16.00 | - | 4.42% |
| 21 Sept 2026 | ₹16.00 | +₹1.00 | TBA |
| 19 Sept 2026 | ₹15.00 | - | TBA |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 41 | ₹14,842 |
| Retail Maximum | 13 Lot | 533 | ₹1,92,946 |
| S-HNI Minimum | 14 Lot | 574 | ₹2,07,788 |
| S-HNI Maximum | 67 Lot | 2,747 | ₹9,94,414 |
| B-HNI Minimum | 68 Lot | 2,788 | ₹10,09,256 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Elevate Campuses IPO Reservation
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.
Analysis
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.
Analysis
Elevate Campuses IPO 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 Elevate Campuses IPO is tentative and subject to change.
Analysis
Elevate Campuses IPO Promoters and Holding 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.
Analysis
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 Elevate Campuses.
Analysis
Elevate Campuses About 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.
Analysis
Elevate Campuses Company Financials
| 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 Elevate Campuses are in ₹ Crores unless stated otherwise.
Analysis
Elevate Campuses Company Valuation – FY2026
| 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 Elevate Campuses are computed for FY2026.
Analysis
Elevate Campuses IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Elevate Campuses IPO with similar IPOs
FAQ
Elevate Campuses IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 7 and an issue price of Rs 362, the estimated listing price for Elevate Campuses IPO is Rs 369.00 (approx 1.93% listing gain). Actual listing price is determined by market demand on the listing day.
Elevate Campuses IPO price band is Rs 343.00 to Rs 362.00. Check the latest issue price, lot size and GMP together before applying.
Elevate Campuses IPO open date is 23 Sept 2026, close date is 25 Sept 2026, and listing date is 30 Sept 2026.
Elevate Campuses IPO lot size is 41 shares. The minimum retail investment is Rs 14,842.
Elevate Campuses is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Elevate Campuses IPO subscription status currently shows Retail 1.01x, QIB 2.52x, NII 0.84x, Overall 1.79x.
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 issue size is TBA and the expected allotment date is 28 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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