Elevate Campuses IPO
Miscellaneous • ₹2100cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- 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.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹343-362
Lot Size
41 shares
Issue Size
₹2100cr
Open
23 Sept 2026
Close
25 Sept 2026
Subscription
1.72×
GMP +₹9 → est. ₹371
IPO Schedule
| Issue Open Date | 23 Sept 2026 |
| Issue Close Date | 25 Sept 2026 |
| Allotment Date | 28 Sept 2026 |
| Listing Date | 30 Sept 2026 |
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. 
Company Details
Founders / Promoters
Narasimha Jayakumar
Founded
2005
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹362
GMP
+₹9
Est. Listing
₹371
Est. Gain
+2.5%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Elevate Campuses — IPOFins Verdict
QuantitativeDriven by QIB demand at 2.5x and moderate disclosed risk (6/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- 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.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score 0
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Elevate Campuses IPO?
The price band is ₹343-362 per share with a lot size of 41 shares. Minimum investment: ₹14,842.
What does Elevate Campuses do?
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. 
Should I apply for Elevate Campuses IPO?
Elevate Campuses is drawing muted interest at 1.7x overall subscription (QIB 2.5x, retail 0.7x). IPOFins Score 5/10: Driven by QIB demand at 2.5x and moderate disclosed risk (6/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Elevate Campuses?
Elevate Campuses was founded by Narasimha Jayakumar in 2005.