ELEVATEMAINBOARDLISTEDNSE
Elevate Campuses Limited
Capital Goods & Infrastructure • Total Issue: ₹2100 Cr
Grey Market Premium
+₹2.83(+0.78%)
Indicative Listing: ₹364.83
Source: IPOAlerts • Updated 25/9/2026
Price Band & Minimums
Offer Price Band
₹343.00 - ₹362.00
Lot Size
41 shares
Min Investment
₹14,842
Subscription Status
1.79x
Oversubscribed
Final cumulative subscription
Estimated Listing Gain
+0.78%
Indicative listing: ₹364.83
Calculated from unofficial GMP, not an actual listing-day return.
Category-Wise Subscription Breakdown
Final cumulative subscription · Overall 1.79x
QIB
2.52x
Offered: 1,83,67,347
Bid: 4,63,16,552
NII
0.84x
Offered: 91,83,673
Bid: 77,58,512
Retail
1.01x
Offered: 61,22,448
Bid: 62,11,705
Employee
0.00x
Final bids
Total
1.79x
Offered: 3,36,73,468
Bid: 6,02,86,769
Valuation Multiples & Key Ratios
P/E Ratio
24.80x
Market Cap
₹1450.00 Cr
EPS
₹14.60
RoNW
19.80%
NAV / Share
₹86.19
P/B Ratio
4.20x
NSE Market Pulse ResearchSector Climate: PREMIUM
Sector Valuation Anchors & Multiples
Comparing Elevate Campuses Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.
Price to Earnings (P/E)
IPO Asking P/E:24.80x
Sector Current P/E:34.60x
10-Yr Historical Mean:28.20x
-12.1% discount vs 10Y mean
Asset & Earnings Ratios
IPO Asking P/B:4.20x
Sector P/B Ratio:4.20x
Sector YoY Earnings Growth:+21.50%
Sector Dividend Yield:0.85%
Institutional Net Flows
FII Net Flow (Monthly):₹2190.00 Cr
NSE Commentary:
“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”
Educational Context Only: Official benchmarks published by NSE Economic Policy & Research — Market Pulse. Valuations provide macro reference and do not constitute investment advice.
Sector ID: INFRASTRUCTUREGrey Market Premium (GMP) History
Real-time multi-observation premium trend line and daily price movements.
Latest GMP
+₹2.83
Peak GMP
+₹16.00
Observations
7 points
25 Sept:+₹2.83Est Gain: +0.8%
Historical Daily Observations (7)
19 Sept
+₹15.83
20 Sept
+₹16.00
21 Sept
+₹16.00
22 Sept
+₹10.28
23 Sept
+₹4.47
24 Sept
+₹2.89
25 Sept
+₹2.83
IPO Timeline & Schedule
Bidding Opens
2026-09-23
Bidding Closes
2026-09-25
Allotment Date
2026-09-28
Refunds Init
2026-09-29
Demat Credit
2026-09-29
Listing Date
2026-09-30
Official IPO Registrar
Check Allotment on Registrar PortalKFin Technologies Limited
Key Business Strengths
- Established presence in student accommodation and K-12 school infrastructure.
- Long-term lease and service contracts provide structured, recurring revenue streams.
- Education is considered recession-proof and non-discretionary, adding revenue stability
- ~99% occupancy rates across owned student accommodation facilities.
- Geographically diversified footprint across multiple major cities in India and the UAE.
Key Risks & Challenges
- 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.
Transparency & Informational Notice
Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.