Elevate Campuses IPO is a Mainboard public issue scheduled to open on September 23, 2026, and close on September 25, 2026. The company operates student accommodation facilities for higher-education institutions and owns K-12 education assets. The IPO is proposed to list on BSE and NSE.
Elevate Campuses IPO open date is September 23, 2026 and the IPO will close on September 25, 2026. Elevate Campuses IPO is a Book build Issue. The company to raise around ₹2100 crores via IPO that comprises fresh issue of ₹2100 crores and offer for sale up to [.] equity shares with face value of ₹1 each.
Elevate Campuses IPO price band is ₹343 to ₹362 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Elevate Campuses IPO to list on BSE NSE on September 30, 2026. The allotment of Elevate Campuses IPO date is September 28, 2026.
The company reported revenue of ₹394.13 crores in 2025 against ₹362.61 crores in 2024. The company reported profit of ₹52.65 crores in 2025 against profit of ₹39.69 crores in 2024. As per the financials, the IPO investors should apply the IPO for a long term.
Elevate Campuses IPO – Key Details
| Particular | Details |
|---|---|
| Company Name | Elevate Campuses Limited |
| Former Name | Good Host Spaces Limited |
| IPO Type | Mainboard IPO |
| IPO Open Date | September 23, 2026 |
| IPO Close Date | September 25, 2026 |
| Price Band | ₹343 – ₹362 per share |
| Issue Size | ₹2,100 Crore |
| Issue Type | Fresh Issue |
| OFS | Nil |
| Lot Size | 41 Shares |
| Minimum Investment | ₹14,842 |
| Face Value | ₹1 per share |
| Allotment Date | September 28, 2026 |
| Listing Date | September 30, 2026 |
| Listing Exchange | BSE & NSE |
| Registrar | KFin Technologies Limited |
The IPO is a book-built issue of approximately ₹2,100 crore. Current published details indicate that the offer consists of a fresh issue with no OFS component.
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 18.17% | 7.11% | 6.05% |
| ROACE | 6.42% | 9.90% | 9.72% |
| EPS (BASIC) | 19.65 | 5.63 | 4.49 |
| P/E Pre IPO | |||
| P/E Post IPO |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 5773.35 | 2421.20 | 2104.74 |
| Total Income | 603.39 | 394.13 | 362.61 |
| Profit After Tax | 173.76 | 49.74 | 39.69 |
| EBITDA | 545.00 | 256.40 | 220.13 |
| NET Worth | 956.29 | 699.78 | 655.77 |
| Reserves and Surplus | 947.45 | 697.57 | 653.56 |
| Total Borrowing | 4120.53 | 1206.60 | 984.71 |
COMPARISON WITH INDUSTRY PEERS
*Company does not have any peer group company for comparison with Industry Peer.
About Company
Elevate Campuses Limited is an education infrastructure and services platform focused on student accommodation and K-12 school infrastructure. The company owns, operates and manages education-focused assets, allowing educational institutions to concentrate on academics while Elevate manages accommodation, infrastructure and essential non-academic services.
The company’s student accommodation business provides on-campus residences along with services such as dining, healthcare, recreation, safety and student support. In the K-12 segment, it develops and operates future-ready school infrastructure and undertakes asset upgrades and campus development.
Since starting as an independent student accommodation operator in 2017, Elevate has expanded across the student lifecycle, from K-12 education to higher education. Its portfolio includes partnerships with 15 higher education institutions and 15 K-12 schools, with a stated capacity of 94,000+ students across 21 cities in India and Dubai.
Its student accommodation portfolio includes campuses associated with institutions such as OP Jindal Global University, Manipal University Jaipur, Manipal Academy of Higher Education, Shoolini University and Vivekananda Global University. Its K-12 portfolio includes schools such as Hartland International School and North London Collegiate School in Dubai.
Elevate also focuses on sustainable and technology-enabled campuses, incorporating features such as solar power, energy-efficient systems, inclusive design and 24/7 security. The company positions itself as an institutionalised, independent education platform combining operating capabilities with long-term asset management.
Strengths
Leading Institutionalized Education Platform: Elevate is positioned as one of the largest institutionalized and independent education platforms in India, with the trust of leading education groups. Its established relationships provide a strong foundation for expanding its education infrastructure and accommodation portfolio.
Strong Operational & Asset Management Capabilities: The company has developed operational capabilities and asset management expertise across its education-focused portfolio. This supports efficient management of student accommodation assets and relationships with educational institutions.
Focus on Student Experience & Well-Being: Elevate places strong emphasis on delivering a superior student experience and promoting student well-being. Its focus on accommodation and related student services supports a comprehensive campus experience.
Risk Factors
Dependence on Student Occupancy: The group derived 100% of its revenue from operations from the student accommodation business during the last three Financial Years. Any inability to maintain healthy occupancy rates could adversely affect its business, financial condition, results of operations and cash flows.
High Dependence on Key HEIs: The group derived 89.00%, 88.60% and 87.50% of its operating revenue from its three largest higher education institutions (HEIs) in FY2025, FY2024 and FY2023, respectively. Any adverse development affecting these institutions could materially impact the group's financial performance.
Regional Concentration: The group derived 100% of its operating revenue during the last three Financial Years from HEIs and other student accommodation assets located in the northern and southern regions of India. Any adverse regional developments could negatively affect its business, financial condition, results of operations and cash flows.
Elevate Campuses IPO Price Band
The price band has been fixed at ₹343 to ₹362 per equity share.
At the upper price band, the minimum one-lot investment is:
41 × ₹362 = ₹14,842
Therefore, retail investors need approximately ₹14,842 for one lot at the upper price band.
Elevate Campuses IPO Lot Size
The IPO lot size is 41 shares.
| Investor | Lots | Shares | Amount at ₹362 |
|---|---|---|---|
| Retail Minimum | 1 | 41 | ₹14,842 |
| 2 Lots | 2 | 82 | ₹29,684 |
| 3 Lots | 3 | 123 | ₹44,526 |
The applicable category-wise limits should be checked in the final IPO documents.
Elevate Campuses IPO GMP Today
Grey Market Premium (GMP) is an unofficial indicator and can change frequently before listing. On September 22, 2026, different market trackers were reporting GMP figures around ₹10–₹16 per share.
GMP is not an official exchange price and does not guarantee the actual listing price.
Elevate Campuses IPO Financial Performance
Available IPO information reports that Elevate Campuses generated approximately ₹568.63 crore revenue in FY2026 and ₹173.76 crore profit after tax. Its reported total borrowings stood at approximately ₹4,120.53 crore as of March 31, 2026.
Investors should review the company's RHP and audited financial statements for complete financial information and risk disclosures.
Elevate Campuses IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Allotment | September 28, 2026 |
| Refund/Unblocking | September 29, 2026 |
| Demat Credit | September 29, 2026 |
| Listing | September 30, 2026 |
These dates are currently reported as tentative and may be revised.
Elevate Campuses IPO – What Investors Should Check
Before applying, investors can review:
- Revenue and profit growth
- Student accommodation capacity and occupancy
- Debt and borrowing levels
- Education and student-housing market
- Valuation at the IPO price
- Use of fresh issue proceeds
- Geographic concentration
- Relationship with educational institutions
- Promoter and management details
- Risks disclosed in the RHP
- Latest subscription data
- Latest GMP, while remembering that it is unofficial
Conclusion
Elevate Campuses IPO 2026 is a ₹2,100 crore Mainboard issue with a price band of ₹343–₹362 per share and a lot size of 41 shares. The company operates in student accommodation and K-12 education infrastructure, with operations across India and the UAE. Investors should review the RHP, financial statements, valuation, use of proceeds and risk factors before making an investment decision.
Elevate Campuses IPO FAQ
What is Elevate Campuses IPO?
Elevate Campuses IPO is a Mainboard book-built IPO of approximately ₹2,100 crore.
When is Elevate Campuses IPO opening?
The IPO opens on September 23, 2026 and closes on September 25, 2026.
What is the Elevate Campuses IPO price?
The price band is ₹343 to ₹362 per share.
What is the Elevate Campuses IPO lot size?
The lot size is 41 shares.
What is the minimum investment?
At the upper price band of ₹362, one lot requires ₹14,842.
What is Elevate Campuses IPO GMP today?
Recent grey-market trackers have reported GMP around ₹10–₹16 per share, but GMP is unofficial and can change.
Where will Elevate Campuses shares be listed?
The shares are proposed to be listed on BSE and NSE.
When is Elevate Campuses IPO allotment?
The tentative allotment date is September 28, 2026.
When will Elevate Campuses shares list?
The tentative listing date is September 30, 2026.