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Elevate Campuses

Open

IPO Closes in

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IPO Timeline

Issue open date

23 Sep 2026

Issue close date

25 Sep 2026

UPI mandate deadline

25 Sep 2026

Allotment finalization

28 Sep 2026

Refund initiation

29 Sep 2026

Share credit

29 Sep 2026

Listing date

30 Sep 2026

Mandate end date

10 Oct 2026

Lock-in end date for anchor investors (50%)

27 Oct 2026

Lock-in end date for anchor investors (remaining)

26 Dec 2026

Grey Market Premium Trend

₹3
Current GMP
₹365
Est. Listing Price
0.8%
Est. Listing Gain
₹343 - ₹362
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
22 Sep₹3₹3650.83%
21 Sep₹5₹3671.38%
20 Sep₹16₹3784.42%
19 Sep₹16₹3784.42%
18 Sep₹16₹3784.42%
17 Sep₹15₹3774.14%

Key Dates

Open
23 Sep 2026
Close
25 Sep 2026
Listing
30 Sep 2026

Quick Stats

Issue Size:2100cr
Lot Size:41 shares

About the Company

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. 

Strengths

  • Established presence in student accommodation and K-12 school infrastructure.
  • Long-term lease and service contracts provide structured, recurring revenue streams.
  • High historical occupancy rates across owned student accommodation facilities.
  • Geographically diversified footprint across multiple major cities in India and UAE.
  • Integrated technology platform for efficient campus operations and service delivery.

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.

Elevate Campuses IPO – Frequently Asked Questions

  • The price band for the Elevate Campuses IPO is set at ₹343 to ₹362 per share.
  • The Elevate Campuses IPO opens on September 23, 2026 and closes on September 25, 2026.
  • The tentative listing date for the Elevate Campuses IPO is September 30, 2026.
  • You can apply for the Elevate Campuses IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Elevate Campuses, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Elevate Campuses IPO is 41 shares. Investors must apply for at least one lot (i.e., 41 shares).