Elevate Campuses IPO Listing: Shares Debut at 1.91% Discount on NSE

Elevate Campuses lists at Rs 355.10 on NSE, down 1.91%. BSE opens at Rs 356.50, down 1.52%. Issue price Rs 362. Subscribed 1.89 times. Issue size Rs 2,100 Cr.

Updated: 30 Sept 2026 • 12:04 pm

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Elevate Campuses IPO Listing: Shares Debut at 1.91% Discount on NSE

Quick Answer

The Elevate Campuses IPO listing today saw the stock debut at Rs 355.10 on the NSE, a 1.91 percent discount to its Rs 362 issue price, while BSE shares opened at Rs 356.50, a 1.52 percent discount. The education infrastructure company's IPO, the largest of the four mainboard issues listing the same day, was subscribed 1.89 times overall.

Elevate Campuses IPO Listing Today: The IPO closed subscription at 1.89 times overall on 25 September 2026, with the QIB portion excluding anchor investors at 2.66 times, NIIs at 0.89 times and retail investors at 1.07 times. Here is a recap of the offer itself, the terms of the Elevate Campuses IPO listing, and how the stock actually traded once it opened on 30 September.

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Table of Contents

Elevate Campuses IPO Listing: Issue Details

Elevate Campuses Limited raised Rs 2,100 crore through an entirely fresh issue of 5.80 crore shares, with no offer for sale component. The issue listed on both the NSE and the BSE, with a tentative listing date of 30 September 2026. Bidding ran from 23 September 2026 to 25 September 2026, at an issue price of Rs 362 per share and a lot size of 41 shares.

Particular	Detail
Allotment Date	28 September 2026
IPO Open Date	23 September 2026
IPO Close Date	25 September 2026
Issue Size	Rs 2,100 crore (5.80 crore shares, entirely fresh)
Lot Size	41 shares
Issue Price	Rs 362 per share
Issue Type	Bookbuilding IPO
Listing At	NSE, BSE
Listing Date	30 September 2026

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Elevate Campuses IPO Listing Price and Performance

Shares of the Elevate Campuses IPO listing opened at Rs 355.10 on the NSE, a 1.91 percent discount to the Rs 362 issue price. On the BSE, the stock opened at Rs 356.50, a 1.52 percent discount. This was a tepid start for the largest of the four mainboard IPOs listing the same day, in line with the modest overall subscription the issue drew.

About the Elevate Campuses IPO

Elevate Campuses Limited is an education infrastructure company, and the proceeds from its fresh issue are earmarked mainly for acquiring K-12 school entities and campuses, with about Rs 1,100 crore of the Rs 2,100 crore raise set aside for that purpose. Promoters of the company are Genius Bidco Holdings Pte and Genius Rajkot Investment Holdings Pte. Kfin Technologies is the registrar for the issue. Investors following the Elevate Campuses IPO listing should note that the bulk of the offer proceeds are going toward acquisitions rather than organic expansion.

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Elevate Campuses Limited Financials

Here is how Elevate Campuses Limited has performed financially, useful context for anyone weighing the Elevate Campuses IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Revenue	603.39	394.13	362.61
Profit After Tax	173.76	49.74	39.69
EBITDA	545.00	256.40	220.13

Explanation
Revenue rose 53 percent in FY26 to Rs 603.39 crore, and profit after tax jumped 249 percent to Rs 173.76 crore, a sharp acceleration from the steadier growth seen in FY24 and FY25. EBITDA more than doubled to Rs 545 crore, taking the EBITDA margin to over 90 percent, a level that reflects the asset heavy, largely fixed cost nature of the education infrastructure business rather than a typical operating company. That said, ROCE actually eased to 6.42 percent in FY26 from 9.90 percent in FY25, a gap worth watching after the Elevate Campuses IPO listing.

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

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 was the Elevate Campuses IPO listing price?

Ans. Elevate Campuses shares listed at Rs 355.10 on the NSE, a 1.91 percent discount to the Rs 362 issue price, and opened at Rs 356.50 on the BSE, a 1.52 percent discount.

Was the Elevate Campuses IPO listing a premium or a discount?

Ans. It was a discount listing on both exchanges, a tepid start for the largest of the four mainboard IPOs listing the same day.

How much was the Elevate Campuses IPO subscribed?

Ans. The IPO was subscribed 1.89 times overall, with the QIB portion excluding anchor investors at 2.66 times, NIIs at 0.89 times, and retail investors at 1.07 times.

What is the issue price of the Elevate Campuses IPO?

Ans. The issue price was fixed at Rs 362 per share.

What is the lot size of the Elevate Campuses IPO?

Ans. The lot size was 41 shares.

Who is the registrar for the Elevate Campuses IPO?

Ans. Kfin Technologies Limited is the registrar.

What does Elevate Campuses do?

Ans. Elevate Campuses is an education infrastructure company that uses its IPO proceeds mainly to acquire K-12 school entities and campuses.

Where can I track the Elevate Campuses share price now?

Ans. You can track it on the NSE and BSE, or through the Univest platform.

Should I hold shares after the Elevate Campuses IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the easing ROCE and heavy reliance on acquisitions against the sharp FY26 profit jump before deciding whether to hold or sell after the Elevate Campuses IPO listing.