Elevate Campuses Shares List at 1% Discount on NSE
Elevate Campuses made a weak stock market debut on Wednesday, September 30, 2026, with its shares opening 1.91% below the IPO issue price on the NSE. The stock opened at ₹355.10 per share, compared with the issue price of ₹362. On the BSE, the shares listed at ₹356.50, reflecting a 1.52% discount to the issue price.
The company’s ₹2,100 crore IPO was open for subscription from September 23 to September 25, 2026, and witnessed modest investor interest. The issue was subscribed 1.79 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Elevate Campuses IPO Overall Subscription Status
[September 25, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
2.52x |
|
Non-Institutional Investors (NIIs) |
0.84x |
|
Retail Individual Investors (RIIs) |
1.01x |
|
Total |
1.79x |
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
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
568.63 |
369.81 |
347.00 |
|
EBITDA |
544.99 |
256.40 |
220.13 |
|
Profit After Tax (PAT) |
173.76 |
49.74 |
39.69 |
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