Elevate Campuses IPO
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Elevate Campuses IPO details
Schedule of Elevate Campuses
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| 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 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Elevate Campuses
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 provides comprehensive infrastructure and non-academic operational services, including housekeeping, security, utility maintenance, mess facilities, and student engagement activities. It counts top names like Jindal, Manipal, and Shoolini among its clients.
Financials of Elevate Campuses
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 2100 |
| Fresh Issue – Proceeds go to the company | 2100 |
Utilisation of Proceeds
| Purpose | INR 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%) |
Strengths
- Established presence in student accommodation and K-12 school infrastructure.
- Long-term lease and service contracts provide structured, recurring revenue streams.
- Education is considered recession-proof and non-discretionary, adding revenue stability
- ~99% occupancy rates across owned student accommodation facilities.
- Geographically diversified footprint across multiple major cities in India and the UAE.
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.
Allotment Status for Elevate Campuses
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Elevate Campuses
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 25, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 183.67 | 463.17 | 2.52x |
| NII | 91.84 | 77.54 | 0.84x |
| Retail | 61.22 | 61.99 | 1.01x |
| Total | 336.73 | 602.70 | 1.79x |