Elevate Campuses Limited
ListedEducation Infrastructure · Mainboard IPO · INE147X01013
Price band
₹343 – ₹362
Lot size
41 shares
Min. investment
₹14,842
Issue size
₹2,100 Cr
Face value
₹1
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
23 Sept 2026
Bidding closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
Final subscription
1.89x
overall
86,330
applications
₹2,182 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 2.66x | 1,74,03,315 | 4,63,16,552 | 1,677 |
| Non-Institutional >₹10L (bNII) | 0.87x | 58,01,105 | 50,61,450 | 183 |
| Non-Institutional ₹2–10L (sNII) | 0.93x | 29,00,552 | 26,92,265 | 97 |
| Retail (RII) | 1.07x | 58,01,105 | 61,99,405 | 224 |
| Total | 1.89x | 3,19,06,077 | 6,02,69,672 | 2,182 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
Elevate Campuses Ltd. is an education infrastructure company engaged in owning, operating and managing on-campus student accommodation for higher education institutions (HEIs) and owning K-12 school assets.
Issue details
Issue size
₹2,100 Cr
Fresh issue
₹2,100 Cr
Industry
Education Infrastructure
Promoter holding (pre)
100
Promoter holding (post)
65.58
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 362.61 | 394.13 | 603.39 Cr |
| EBITDA | 220.13 | 256.40 | 545.00 |
| Profit after tax | 39.69 | 49.74 | 173.76 Cr |
| Net worth | 655.77 | 699.78 | 956.29 Cr |
| Total assets | 2,104.74 | 2,421.20 | 5,773.35 |
| Total borrowing | 984.71 | 1,206.60 | 4,120.53 |
Objects of the issue
- 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
Strengths
- Strong operational services covering deal sourcing, site selection, development, asset acquisition, asset repositioning and community engagement.
- High occupancy rate of 89.37% for the Academic Year 2025-26.
- Expansion of owned student accommodation portfolio from 9,153 beds to 20,368 beds since 2018.
Risks
- Dependence on the performance of the education sector.
- Potential challenges in acquiring new properties or managing existing ones.
- Market competition from other education infrastructure companies.
Documents
Calculate your bid
At cut-off price ₹362
Lots
1
- Shares
- 41
- Amount
- ₹14,842
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login