Elevate Campuses IPO Day 2: Subscription Status, Timeline & Key Issue Details

Elevate Campuses' ₹2,100.00 crore initial public offering (IPO) entered its second day of public subscription today, September 24, 2026, with a price band of ₹343 to ₹362 per share. As of 10:09 A.M on the second day of bidding, the issue had been subscribed 0.21 times.

The IPO will remain open until September 25, 2026. The basis of allotment is expected to be finalised on September 28, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 30, 2026.

Elevate Campuses IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹2,100.00 crore
• Fresh Issue: Up to 6.80 crore equity shares 
• Offer for Sale (OFS): Not Applicable
• Face Value: ₹1 per equity share
• Price Band: ₹343 to ₹362 per share
• Lot Size: 41 shares
• Minimum Investment Amount (Retail Investor): ₹14,842 (41 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: JM Financial Limited, IIFL Capital Services Limited, Morgan Stanley India Company Private Limited.
• Registrar: KFin Technologies Limited

Elevate Campuses IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Elevate Campuses IPO Day 2 Subscription Status

[September 24, 2026, 10:09 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses from the fellow subsidiaries of its promoters
• Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by the company and certain of its wholly-owned Subsidiaries, namely GHS Shoolini, GHS Sonipat, Data Ram Sons Private Limited, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries
• Funding inorganic growth through unidentified acquisitions, other strategic initiatives
• General corporate purposes.

About Elevate Campuses Limited

Founded in 2005, Elevate Campuses Limited is a student housing and education infrastructure company that develops, owns, operates, and manages on-campus accommodation for higher education institutions. It also owns K–12 education assets and provides technology-enabled campus infrastructure and community services.

As of March 31, 2026, the company had the capacity to serve 80,255 students across 15 cities in India and one city in the UAE. Its portfolio included 20,368 owned beds, 55,487 managed beds, and two K–12 school assets in Dubai, with clients including Manipal Academy of Higher Education, Manipal University Jaipur, and Meraki Education.

 Key Financial Highlights 

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