Elevate Campuses IPO
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Elevate Campuses IPO details
Schedule of Elevate Campuses
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| Allotment finalization | 28 Sep 2026 |
| Refund initiation | 29 Sep 2026 |
| Share credit | 29 Sep 2026 |
| Listing date | 30 Sep 2026 |
| Mandate end date | 10 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 27 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 operates through an Owned Portfolio and a Managed Portfolio, serving higher education institutions and K-12 school operators. Its core revenue is generated from rental income through long-term lease arrangements, student accommodation fees, facility management fees, and ancillary service charges. The company provides comprehensive infrastructure and non-academic operational services, including housekeeping, security, utility maintenance, mess facilities, and student engagement activities. Elevate Campuses Limited focuses on institutional-grade educational assets, utilizing long-term agreements with built-in escalation clauses and minimum occupancy structures to maintain business continuity across its operational real estate footprint.
Financials of Elevate Campuses
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 2100 |
| Fresh Issue – Proceeds go to the company | 2100 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Acquisition of K-12 Entities and Campuses | 1100 (52.38%) |
| Repayment / Prepayment of Borrowings | 750 (35.71%) |
| Inorganic Growth & General Corporate Purposes | 250 (11.91%) |
Strengths
- Established presence in student accommodation and K-12 school infrastructure.
- Long-term lease and service contracts provide structured, recurring revenue streams.
- High historical occupancy rates across owned student accommodation facilities.
- Geographically diversified footprint across multiple major cities in India and UAE.
- Integrated technology platform for efficient campus operations and service delivery.
Risks
- 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.
- Expansion into greenfield development projects carries execution and cost overrun risks.
- Delays in receiving lease rentals or management fees may adversely affect cash flows.
- High leverage and debt servicing requirements could constrain operational flexibility.