Elevate Campuses Limited

Total Issue Size

₹2,100 Cr

5,80,11,049 shares

Fresh Issue

₹2,100 Cr

5,80,11,049 shares

Offer for Sale

₹0 Cr

Face Value

₹1 per share

Issue Type

Book-built IPO

Listing At

BSE, NSE

Shares Pre-Issue

11,05,19,988

Shares Post-Issue

16,85,31,037

1. Offer opens

   23 Sept 2026

2. Offer closes

   25 Sept 2026

3. Allotment

   28 Sept 2026

4. Listing

   30 Sept 2026

Subscription figures will appear here once bidding opens on 23 Sept 2026.

Incorporated in 2005, Elevate Campuses Ltd. is an education infrastructure company engaged in owning, operating and managing on-campus student accommodation for higher education institutions (HEIs) and owning K-12 school assets. The Company operates its student accommodation business under the Good Host Spaces and ScholarZ brands. As of March 31, 2026, the Company’s Pre-Acquisition Group had a student accommodation capacity of 80,255 students across 15 cities in India and one city in the United Arab Emirates. Its portfolio included seven owned student accommodation campuses with 20,368 beds across six Indian cities and 14 managed campuses with 55,487 beds. The Company provides operational services covering deal sourcing, site selection, development, asset acquisition, asset repositioning and community engagement. It also provides community and campus technology services, including media coverage of HEIs and community events. The Company works with educational institutions including Manipal Academy of Higher Education, Manipal University, Jaipur and Meraki Education. As of March 31, 2026, its owned student accommodation portfolio recorded an occupancy rate of 89.37% for the Academic Year 2025-26. Since commencing operations as an independent owner and operator of student accommodation in Financial Year 2018, the Company has expanded its owned student accommodation portfolio from 9,153 beds to 20,368 beds as of March 31, 2026. As of the same date, it had 460 full-time employees in its Pre-Acquisition Group.

• Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses (₹1,100.00 Cr)
• Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by Company and certain of Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries (₹750.00 Cr)
• Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,

• <p>Genius Bidco Holdings Pte.Ltd.
• Genius Rajkot Investment Holdings Pte.Ltd.</p>

Book running lead managers

• JM Financial Ltd.
• IIFL Capital Services Ltd.
• Morgan Stanley India Co.Pvt.Ltd.

Registered office

Naman Midtown, Unit No 902-906, 9 th Floor, Tower B, Senapati Bapat Marg,, Lower Parel,, Mumbai, Maharashtra, 400013

• DRHPDraft Red Herring Prospectus
• RHPRed Herring Prospectus