Elevate Campuses Limited
MainboardELEVATE • BSE, NSE
Issue details
Price band
₹343 - ₹362
Lot size
41 shares
Issue size
₹1218.98 Cr
Min. investment
₹14,842
Registrar
KFin Technologies
Subscription
1.36x
Grey market premium
Est. gain+₹6.5 · 2%
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IPO Timeline
Open
23 Sep
Close
25 Sep
Allotment
28 Sep
Listing
30 Sep
- Refunds & demat credit
- 29 Sep 2026
- Mandate end
- 10 Oct 2026
- Anchor lock-in 50%
- 28 Oct 2026
- Anchor lock-in 100%
- 27 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 41shares 1 lot · ₹14,842 | 533shares 13 lots · ₹1,92,946 |
| sNII (₹2L–₹10L) | 574shares 14 lots · ₹2,07,788 | 2,747shares 67 lots · ₹9,94,414 |
| bNII (above ₹10L) | 2,788shares 68 lots · ₹10,09,256 | No limit funds permitting |
Based on the upper price band of ₹362 and a lot of 41 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 91,83,673 | 61,29,623 | 0.67x |
| bNII (above ₹10L) | 30,61,224 | 23,62,461 | 0.77x |
| Retail (IND) | 61,22,448 | 50,37,629 | 0.82x |
| Total | 3,36,73,468 | 4,56,50,917 | 1.36x |
Last updated 39 days ago.
Issue structure
Face value
₹1 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹2100 Cr
5,80,11,049 shares
Shares pre-issue
11,05,19,988
Shares post-issue
16,85,31,037
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 15.72 | 10.31 |
| P/E | 23.03 | 35.11 |
| Market cap | ₹4,000.82 Cr. | ₹6,100.82 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROCE | 6.42% | 9.90% |
| Debt/Equity | 4.98 | 2.71 |
| RoNW | 18.17% | 7.11% |
| PAT Margin | 28.80% | 12.62% |
| EBITDA Margin | 90.32% | 65.06% |
| NAV | 432.62 | 316.58 |
| Price to Book Value | — | 1.14 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 603.39 | 394.13 | 362.61 |
| Profit after tax | 173.76 | 49.74 | 39.69 |
| EBITDA | 545 | 256.4 | 220.13 |
| Net worth | 956.29 | 699.78 | 655.77 |
| Assets | 5,773.35 | 2,421.2 | 2,104.74 |
| Reserves & surplus | 947.45 | 697.57 | 653.56 |
| Total borrowing | 4,120.53 | 1,206.6 | 984.71 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses₹1,100 Cr
- 2.Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by Company and certain of Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries₹750 Cr
- 3.Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Bagmane Prime Office REITMainboard | ₹100 | null | ₹103.60 | +3.60% |
| Property Share Investment Trust-Propshare CelestiaMainboard | ₹1050000 | null | ₹10,35,000.00 | -1.43% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.