Elevate Campuses IPO GMP History
Elevate Campuses IPO has been listed on September 30, 2026 at a listing price of ₹355.1, against the issue price of ₹362 — a loss of ₹6.9 (-1.91%). The GMP peaked at ₹16 on 21 September 2026 and reached a low of ₹2.5 on 24 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Elevate Campuses IPO raised ₹2100 Cr. through its IPO at a price band of ₹343 to ₹362 per share, with a lot size of 41 shares. The IPO was open for subscription from 23 Sep 2026 to 25 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 30 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Sep 2026 | ₹ 6.5 | — | 1.80% | — | ₹ 200 |
| 29 Sep 2026 | ₹ 6.5 | ▲ | 1.80% | — | ₹ 200 |
| 28 Sep 2026 | ₹ 6 | ▼ | 1.66% | — | ₹ 300 |
| 27 Sep 2026 | ₹ 9.5 | ▼ | 2.62% | — | ₹ 100 |
| 26 Sep 2026 | ₹ 10 | ▲ | 2.76% | — | ₹ 100 |
| 25 Sep 2026 | ₹ 4 | ▲ | 1.10% | — | ₹ 100 |
| 24 Sep 2026 | ₹ 2.5 | ▼ | 0.69% | — | ₹ 100 |
| 23 Sep 2026 | ₹ 4.5 | ▼ | 1.24% | — | ₹ 100 |
| 22 Sep 2026 | ₹ 5 | ▼ | 1.38% | — | ₹ 500 |
| 21 Sep 2026 | ₹ 16 | — | 4.42% | — | ₹ 500 |
| 20 Sep 2026 | ₹ 16 | — | 4.42% | — | ₹ 500 |
| 19 Sep 2026 | ₹ 16 | ▲ | 4.42% | — | ₹ 500 |
| 18 Sep 2026 | ₹ 15 | — | 4.14% | — | — |
Elevate Campuses IPO dates
Key dates from opening to listing. Today is 2 November.
- Open 23 Sep 2026
- Close 25 Sep 2026
- Allotment 28 Sep 2026
- Refund/credit 29 Sep 2026
- Listing 30 Sep 2026
Elevate Campuses IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹362 |
|---|---|
| GMP-based estimate (pre-listing) | ₹368 (+1.7%) |
| Listing gain / loss | −₹6.9 per share |
| Listing date | 30 Sep, 2026 |
| Actual listing price | ₹355.1 (-1.91%) |
Is Elevate Campuses IPO GMP reliable?
Grey market premium for Elevate Campuses IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Elevate Campuses IPO full review for a fundamentals-based assessment before making any grey market trades.
Elevate Campuses IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Elevate Campuses IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹200, BHNI: ₹2800. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Elevate Campuses IPO
Elevate Campuses Ltd was started in 2005. It is an education infrastructure company. It owns, runs and manages student accommodation on the campuses of higher education institutions, and it also owns K-12 school assets. Its accommodation business trades under the Good Host Spaces and ScholarZ brands.
As on 31 March 2026 its pre-acquisition group had capacity for 80,255 students across 15 cities in India and one city in the United Arab Emirates. That capacity came in two forms. Seven campuses with 20,368 beds across six Indian cities were owned outright, and a further 14 campuses with 55,487 beds were managed on behalf of others.
Beyond running the hostels it provides operational services covering finding deals, choosing sites, development, acquiring assets, repositioning them and community engagement, along with campus technology and media services. It works with institutions including Manipal Academy of Higher Education, Manipal University Jaipur and Meraki Education. Its owned portfolio recorded an occupancy rate of 89.37% for the academic year 2025-26. It has operated as an independent owner and operator of student accommodation since FY2018.
Frequently asked
What is the GMP of Elevate Campuses IPO?
The current Grey Market Premium (GMP) of Elevate Campuses IPO is ₹ 6.5.
What is the Kostak Price of Elevate Campuses IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Elevate Campuses IPO is not available.
What is the Subject to Sauda Price of Elevate Campuses IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹200, BHNI: ₹2800.
What was the actual listing price of Elevate Campuses IPO?
Elevate Campuses IPO listed on September 30, 2026 at ₹355.1, against the issue price of ₹362 — a loss of -1.91%.
How did the GMP of Elevate Campuses IPO trend before listing?
The GMP of Elevate Campuses IPO was stable in its final days before listing. The GMP peaked at ₹16 on 21 September 2026. View the day-wise table above for the complete GMP history.
Explore Elevate Campuses IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
