Elevate Campuses
Mainboard · book built · ELEVATE · INE147X01013
GMP 3 hours ago · bids 5 min ago
- Minimum
- ₹14,842
- Band
- ₹343–₹362
- Issue size
- ₹2,100 Cr
- GMP
- ₹5 (+1.38%)
- Subscribed
- 0.10×
GMP rumours
₹5(+1.38%)
Ranged ₹5–₹16 since 18 Sept
Implied ₹205 per lot, if the rumour holds — 41 shares × ₹5.
18 Sept · ₹1523 Sept · ₹5
Unofficial grey-market chatter. Not a price, not a prediction, and not from any exchange.
Subscription by category
| Category | Bid | Subscribed | Chance |
|---|---|---|---|
| Retail (up to ₹2 lakh) | 6.40 L | 0.10× | 1 in 1 |
| sHNI (₹2–10 lakh) | 53,915 | 0.02× | 1 in 1 |
| bHNI (₹10 lakh +) | 11.37 L | 0.19× | 1 in 1 |
| Institutional (QIB) | 18.44 L | 0.10× | 1 in 1 |
| All categories | 36.75 L | 0.11× | — |
Value applied, by category
Where the money is, rather than how contested each line is. The two often disagree — a line can be the most subscribed and still be a small corner of the book.
| Category | Amount | Share of book | Can be allotted |
|---|---|---|---|
| Retail (up to ₹2 lakh) | ₹23.17 Cr | 17.4% | 1,49,328 |
| sHNI (₹2–10 lakh) | ₹1.95 Cr | 1.5% | 5,333 |
| bHNI (₹10 lakh +) | ₹41.16 Cr | 30.9% | 2,196 |
| Institutional (QIB) | ₹66.75 Cr | 50.2% | — |
| All categories | ₹133.03 Cr | — | — |
Captured
Reported figures
| ₹ crore | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue | 347.00 | 369.81 | 568.63 |
| EBITDA | 220.13 | 256.40 | 545.99 |
| Profit after tax | 39.69 | 49.74 | 173.76 |
| Total assets | 2104.74 | 2421.20 | 5773.35 |
What the money is for
- Capital expenditure
- 52.3%
- Repayment of borrowings
- 35.7%
- General corporate purposes and inorganic growth
- 11.9%
Priced against its peers
- This issue, P/E
- 20.33
- Sector P/E
- 74.90
- DLF Ltd
- 35.52
- Lodha Developers Ltd
- 29.09
- Prestige Estates Projects Limited
- 64.87
A lower P/E than the sector is not a recommendation — it reflects growth, risk and size as much as price. The comparison is shown so the number has a reference, not to suggest a decision.
Figures as reported by the company. Check them against the prospectus in Documents — that filing is the authority, and this panel is a convenience until we read it directly.
What one bid costs
Priced at the top of the band, which is what gets blocked on a cut-off bid.
| Category | Minimum | Maximum | Ceiling |
|---|---|---|---|
| Retail | 1 lot · ₹14,842 | 13 lots · ₹1,92,946 | ₹2,00,000 |
| sHNI | 14 lots · ₹2,07,788 | 67 lots · ₹9,94,414 | ₹10,00,000 |
| bHNI | 68 lots · ₹10,09,256 | — | no upper limit |
Computed from the band by the same calculator that validates a bid before it is sent, so this table and the review sheet cannot disagree. A cut-off bid blocks at the upper band price, never the lower one.
The issue
- Issue size
- ₹2,100 Cr
- Face value
- ₹1
- Lot size
- 41 shares
- Listing on
- BSE · NSE
- Daily window
- 10:00 – 17:00 IST
Timeline
- Opens
- 23 Sept
- Closes
- 25 Sept
- Basis of allotment
- 28 Sept
- Refunds
- 29 Sept
- Listing
- 30 Sept
Documents