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UPCOMING87% source confidence

Elevate Campuses IPO

Open 23 Sep 2026 · Close 25 Sep 2026 · Listing

Price Band₹343.00–₹343.00
Live GMP₹15.00
SubscriptionPENDING
Issue Size₹2,100.00 Cr

At a glance

Updated 2026-09-20 16:54:16

Elevate Campuses is an IPO with an issue size of ₹2,100.00 crore, proposed for listing on NSE EMERGE. The offer opens on 23 Sep 2026 and closes on 25 Sep 2026.

Issue details

Listing atNSE EMERGE
Issue size₹2,100.00 Cr
Price band₹343.00–₹343.00

Grey market

GMP page ↗
Latest GMP₹15.00
GMP / upper price4.37%
Est. listing₹377.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens23 Sep 2026
Closes25 Sep 2026

Subscription demand

Full bidding ↗
PENDINGBidding has not started yet.

Lot size

InvestorLotsSharesAmount
Retail (Min)141₹14,842
Retail (Max)13533₹192,946
S-HNI (Min)14574₹207,788
S-HNI (Max)672747₹994,414
B-HNI (Min)682788₹1,009,256

Company

Use of proceeds

ObjectAmount
Payment of the purchase consideration for the acquisition₹1,100.00 Cr
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties₹750.00 Cr
Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes

Financial performance

Year-wise operating scale, profitability and balance-sheet context.
Full financials ↗
Assets1,850.00₹ Cr · -12.1% vs prior year
Net Worth576.99₹ Cr · -12.0% vs prior year

FY26

Assets5,773.35
Net Worth956.29
Total Debt4,120.53
RevenueAnnualised basis568.63
EBITDAAnnualised basis545.00
PATAnnualised basis173.76
EBITDA Margin (%)95.84

FY25

Assets2,421.18
Net Worth702.71
Total Debt1,206.60
RevenueAnnualised basis368.81
EBITDAAnnualised basis259.32
PATAnnualised basis52.65
EBITDA Margin (%)70.31

FY24

Assets2,104.74
Net Worth655.77
Total Debt984.71
RevenueAnnualised basis347.00
EBITDAAnnualised basis220.13
PATAnnualised basis39.70
EBITDA Margin (%)63.44

FY23

Assets1,850.00
Net Worth576.99
Total Debt1,026.11
RevenueAnnualised basis292.50
EBITDAAnnualised basis186.64
PATAnnualised basis29.00
EBITDA Margin (%)63.81

Peer comparison

CompanyEPSP/ERoNWNAV
Elevate Campuses IPO35.11 x
Physics Wallah IPO-62.06 x
Jaro Institute IPO38.17 x
Crizac Limited IPO28.03 x

Registrar & lead managers

Lead managers

  • Location

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-20 16:54:16.
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