Elevate Campuses
Elevate Campuses is an education infrastructure firm that owns, operates, and manages on-campus student accommodation for higher education institutions in India. It operates under the brands Good Host Spaces and ScholarZ, with a significant portfolio of owned and managed student accommodation campuses.
Price Band
₹362 - ₹362
Lot Size
41 Shares
Issue Size
₹2,100.00 Cr
Fresh Issue
₹2,100.00 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹355.10
vs Issue: ₹362 (-1.91%)
📅 IPO Timeline
✓
Open
Sep 23, 2026
✓
Close
Sep 25, 2026
✓
Allotment
Sep 28, 2026
✓
Refund
Sep 29, 2026
✓
Demat
Sep 29, 2026
✓
Listing
Sep 30, 2026
✨ AI Analysis & Prediction
+0.7%
predicted listing gain
Elevate Campuses IPO shows moderate institutional interest with a total subscription of 1.85x. The IPO is fully a fresh issue, indicating a focus on growth and expansion. The grey market premium suggests a slight positive sentiment, but the overall demand is not very strong.
💪 Strengths
- Strong revenue growth
- Significant market presence in education infrastructure
⚠️ Weaknesses
- Moderate subscription demand
- No listed peers for valuation comparison
🚀 Opportunities
- Expansion in student accommodation
- Potential for inorganic growth
🛡️ Threats
- Market volatility
- Dependence on education sector growth
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses; | ₹1,100.00 |
| Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and | ₹750.00 |
| Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes, | ₹250.00 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 347.00 Cr | Rs 370.00 Cr | Rs 569.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 40.00 Cr | Rs 50.00 Cr | Rs 174.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 215.00 Cr | Rs 243.00 Cr | Rs 405.00 Cr |
| Borrowings (₹ Cr) | Rs 992.00 Cr | Rs 1,208.00 Cr | Rs 4,129.00 Cr |
| Total Assets (₹ Cr) | Rs 2,076.00 Cr | Rs 2,395.00 Cr | Rs 5,746.00 Cr |
| ROCE % | NA | 12.00% | 9.00% |
📋 Live Subscription Status
QIB
2.66x
NII
0.87x
Retail
0.90x
Total
1.85x
Updated: Sep 30, 2026 3:04 PM
💼 Reservation Quota
QIB
75.00%
Retail
10.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Elevate Campuses has shown consistent revenue growth over the past few years, with a notable increase in profitability in FY26. The company is focused on expanding its accommodation offerings and has a strong presence in the Indian education sector. The absence of listed peers makes direct valuation comparisons challenging.
The Elevate Campuses IPO is a fully fresh issue aimed at raising ₹2100 crores. The IPO has a price band of ₹343 to ₹362 per share and is set to list on BSE and NSE. The institutional demand is moderate, with QIB subscription at 2.66x, while retail and HNI demand is lower. The grey market premium indicates a slight positive sentiment, but the overall subscription levels suggest cautious investor interest.