Elevate Campuses IPO Day 1: Subscription Opens Today, 23 September 2026

Elevate Campuses IPO opens today, 23 Sep 2026, closes 25 Sep 2026. Price band Rs 343-362. Lot size 41 shares. Entirely fresh issue worth Rs 2,100cr.

Updated: 23 Sept 2026 • 8:43 am

Posted by:

Quick Answer

The Elevate Campuses IPO opens for subscription today, 23 September 2026, and will remain open until 25 September 2026. Elevate Campuses Limited, formerly Good Host Spaces Limited, is an education infrastructure platform that owns and operates on-campus student accommodation under the Good Host Spaces and ScholarZ brands alongside K-12 school assets, and is raising about Rs 2,100 crore entirely through a fresh issue. The price band is set at Rs 343 to Rs 362 per share, with a lot size of 41 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.

Elevate Campuses Limited, incorporated in 2005, has opened its IPO for subscription today, 23 September 2026. The Elevate Campuses IPO is a mainboard, book built issue worth about Rs 2,100 crore, comprising entirely a fresh issue of about 5.80 crore shares, with no offer for sale component, and will remain open for bidding until 25 September 2026. The equity shares are proposed to be listed on both NSE and BSE.

The company owns, operates and manages on-campus student accommodation for higher education institutions under the Good Host Spaces and ScholarZ brands, alongside K-12 school assets in India and the United Arab Emirates, with 78,542 student accommodation beds as of June 2026, about 2.1 times the next largest purpose-built student accommodation operator in India per a CBRE report. The fresh issue proceeds of the Elevate Campuses IPO are earmarked mainly for acquiring K-12 entities and campuses from fellow subsidiaries of its promoters, alongside debt repayment and general corporate purposes.

Click Here – Get Free Investment Predictions

Table of Contents

Elevate Campuses IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

Open Date	23 September 2026
Close Date	25 September 2026
Face Value	Rs 1 per share
Price Band	Rs 343 to Rs 362 per share
Lot Size	41 shares
Issue Size	About Rs 2,100 crore (entirely fresh issue)
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	28 September 2026
Listing Date	30 September 2026

Elevate Campuses IPO Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 14,842 (1 lot, 41 shares)
Minimum sNII investment	Rs 2,07,788 (574 shares)
Minimum bNII investment	Rs 10,09,256 (2,788 shares)
Registrar	KFin Technologies Ltd
Lead Manager	JM Financial Ltd

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

Elevate Campuses IPO Subscription Status Day 1

Bidding for the issue has opened today, 23 September 2026, so the category wise numbers below will fill in as the session progresses. Given the scale of this issue, institutional bids will likely build gradually across the bidding window.

Investor Category	Subscription Status, Day 1 (23 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Elevate Campuses IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 343 to Rs 362 band, in multiples of 41 shares.
Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 25 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

About Elevate Campuses Limited

Elevate Campuses Limited, formerly Good Host Spaces Limited and backed by Hillhouse, owns, operates and manages on-campus student accommodation under the Good Host Spaces and ScholarZ brands and K-12 school assets across 15 Indian cities and the United Arab Emirates. The company's owned and managed portfolio spans 78,542 student accommodation beds, ahead of the issue.

Conclusion

The issue has opened for bidding today, 23 September 2026, giving investors exposure to India's largest purpose-built student accommodation platform. Investors considering the issue should study the company financials, related party acquisition plans and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

What is the Elevate Campuses IPO subscription status on Day 1?

Ans. The issue opened for bidding today, 23 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.

When does the Elevate Campuses IPO open and close?

Ans. The issue opened for subscription today, 23 September 2026, and will close on 25 September 2026, a standard three day bidding window for a mainboard issue.

What is the Elevate Campuses IPO price band and lot size?

Ans. The issue price band is Rs 343 to Rs 362 per share, with a lot size of 41 shares, taking the minimum retail investment to about Rs 14,842 at the upper price band.

What is the issue size and structure of the Elevate Campuses IPO?

Ans. The issue is entirely a fresh issue worth about Rs 2,100 crore, comprising about 5.80 crore equity shares, with no offer for sale component.

What will Elevate Campuses use the IPO proceeds for?

Ans. Elevate Campuses plans to use a majority of the fresh issue proceeds to acquire K-12 entities and campuses from fellow subsidiaries of its promoters, a related party transaction, alongside debt repayment and general corporate purposes.

What is the Elevate Campuses IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.

How do I apply for the Elevate Campuses IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 41 shares and your price within the Rs 343 to Rs 362 band, then approve the UPI mandate before the daily cut off.

When will the Elevate Campuses IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 28 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 30 September 2026.

What does Elevate Campuses Limited do?

Ans. Elevate Campuses Limited, formerly Good Host Spaces Limited, owns, operates and manages on-campus student accommodation for higher education institutions under the Good Host Spaces and ScholarZ brands, alongside K-12 school assets in India and the UAE.