Elevate Campuses Limited

Elevate Campuses Limited IPO: GMP today, Price, Review, Detail

by

Elevate Campuses Limited is India’s largest institutionalised student accommodation and education‑related asset manager, owning, operating and managing on‑campus student housing for higher education institutions (HEIs) and holding K‑12 educational assets across multiple Indian cities and the United Arab Emirates.
The company operates under brands including Good Host Spaces and ScholarZ, providing accommodation, community services, and support infrastructure for students.

It serves a student capacity of over 94,000+ across 21 cities in India and Dubai with owned and managed beds, making it India’s largest institutionalised education‑linked accommodation platform by capacity.

Elevate Campuses Limited has filed DRHP with SEBI for IPO with an issue size of ₹2,550 crore consisting entirely as Fresh Issue of ₹ 2,550 crore. & no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹2,550 crore
Fresh Issue:₹2,550 crore
Offer for Sale:₹ 00 crore
Price Range:TBA
Lot Size:TBA
GMP:Pending

Elevate Campuses Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 702.7 Cr
Revenue:₹ 369.8 Cr
EBITDA₹ 259.3 Cr
PAT₹ 52.7 Cr
EBITDA Margin:~65.80%
PAT Margin~13.36%
Face Value:Rs. 01 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment₹ 750 Cr
Acquiring K-12 entities & Campuses₹ 1,100 Cr
General Corporate PurposeBalance
Investment in Subsidiaries₹ 00 Cr
––

Elevate Campuses Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 292.5₹ 347.0₹ 369.8
Profit (₹ Cr)₹ 29.0₹ 39.7₹ 52.7
Asset (₹ Cr)₹ 1,850.0₹ 2,104.7₹ 2,421.2
Net Worth (₹ Cr)₹ 577.0₹ 655.8₹ 702.7

Elevate Campuses IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
30-Jan₹ –₹ –₹ –
29-Jan₹ –₹ –₹ –
28-Jan₹ –₹ –₹ –
27-Jan₹ –₹ –₹ –
26-Jan₹ –₹ –₹ –
Elevate Campuses Limited

Elevate Campuses Limited IPO Pros & Cons

Strengths:

  • India’s largest institutionalised student housing and K‑12 platform by capacity.
  • Strong revenue and profit growth in recent years.
  • Long-term contracts and high occupancy ensure predictable cash flows.
  • IPO proceeds aimed at acquisitions and debt reduction to boost scale.
  • Diversified education assets reduce reliance on a single revenue stream.

Risks:

  • Price band and public market performance are not yet established.
  • Dependence on educational institutions creates counterparty risk.
  • Acquisition plans carry integration and execution risks.
  • Regulatory changes in education or real estate could impact operations.
  • Significant debt may limit financial flexibility.

Elevate Campuses Limited Promoters – Pre offer equity (Approx)

Genius Bidco~62.74%
Genius Rajkot~37.26%

Elevate Campuses Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Elevate Campuses Limited 

Lead / Book Running Lead ManagersJM Financial Limited, IIFL Capital Services Limited, Morgan Stanley India Company Private Limited
Registrar (RTA)KFin Technologies Limited

Founding Year of Elevate Campuses Limited & Managing Director

Elevate Campuses Limited was incorporated in the year 2005.

Mr. Jayakumar Narasimha Raghavan is the CEO of the company.

Elevate Campuses Limited FAQ

  • It is India’s largest institutionalised platform owning, operating and managing on‑campus student accommodation across higher‑education institutions and K‑12 school infrastructure, serving over 94,000 students in India and Dubai.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • Elevate campuses is raising funds via IPO to acquire additional K‑12 campuses and entities, repay debt, support inorganic growth through strategic acquisitions, and to accelerate its expansion strategy.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • The issue size of the IPO is approx ₹ 2,550 crore. It will be listed on BSE & NSE platform.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • Risks of the IPO are challenges in acquisitions, reliance on institutional partners for lease revenue, regulatory changes in education/real estate, and operational risks related to scaling across multiple cities.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • Potential Upsides are its leadership in a fast‑growing organised student housing/K‑12 market, predictable long‑term contracts, scalable revenue potential, and strong growth tailwinds from rising education demand.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • You can apply for the IPO online through your broker’s IPO section using ASBA via net‑banking or UPI, selecting Elevate Campuses IPO, entering lots.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

  • Expected listing date is yet to be announced.

    facebookShare on Facebook

    TwitterPost on X

    FollowFollow us

    PinterestSave

For more amazing blogs click here (IPO Corner).

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Leave a comment

RSS
Follow by Email
Facebook
X (Twitter)
Pinterest
Instagram
Telegram
WhatsApp