Elevate Campuses IPO to Open on September 23, 2026: Check Price Band, Issue Size and Key Details

Elevate Campuses’ initial public offering (IPO) is set to open for subscription on September 23, 2026. According to the Red Herring Prospectus (RHP), the ₹2,100.00 crore book-built issue comprises a fresh issue of 6.80 crore equity shares, with no offer for sale (OFS) by its existing shareholders.

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 Category-wise Investment Limits

The application size for each category is as follows -

The minimum investment amount for each category, based on the upper price band of ₹362 per share, is as follows -

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

Incorporated in 2005, Elevate Campuses Limited owns, operates, and manages on-campus student accommodation for higher education institutions (HEIs) and owns K-12 assets. As of March 31, 2026, it had a capacity to serve 80,255 students across 15 cities in India and one city in the UAE, operating its accommodation business under the “Good Host Spaces” and “ScholarZ” brands. Its portfolio includes seven owned student accommodation campuses with 20,368 beds across six Indian cities, along with two K-12 assets in Dubai, and 14 managed campuses with 55,487 beds.

The company provides end-to-end capabilities covering site selection, development, asset acquisition, repositioning, and community engagement, helping educational institutions manage non-core operations. It also offers community and campus technology services, including media coverage and community events. The company works with established educational institutions, including campuses of Manipal Academy of Higher Education, Manipal University, Jaipur, and Meraki Education.

 Key Financial Highlights 

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