Elevate Campuses IPO Details
Elevate Campuses IPO Summary
Elevate Campuses IPO opens for subscription on 23 Sep 2026 and closes on 25 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 30 Sep 2026.
Elevate Campuses IPO price band has been fixed at ₹343 – ₹362 per share. The face value is ₹1 per share with a lot size of 41.
Elevate Campuses IPO total issue size comprises 5,80,11,049 shares (aggregating up to ₹2100.00 Cr). This includes a fresh issue of 5,80,11,049 shares (aggregating up to ₹2100.00 Cr). Pre-issue shareholding stands at 11,05,19,988, which will increase to 16,85,31,037 post-issue.
Elevate Campuses IPO carries a ₹16 (4.42%) GMP, reflecting investor sentiment.
Elevate Campuses IPO Lot Size :Retail Minimum is 1 lot (41 shares) amounting to ₹14,842. Retail Maximum is 13 lots (533 shares) amounting to ₹1,92,946. SHNI Minimum is 14 lots (574 shares) amounting to ₹2,07,788. SHNI Maximum is 67 lots (2,747 shares) amounting to ₹9,94,414. BHNI Minimum is 68 lots (2,788 shares) amounting to ₹10,09,256.
Elevate Campuses IPO Details
Elevate Campuses IPO Dates
- 23 Sep 2026Opening dateOpen
- 25 Sep 2026Closing dateClose
- 28 Sep 2026Allotment Date Allotment
- 29 Sep 2026Initiation of RefundsRefund
- 29 Sep 2026Credit of SharesCredit
- 30 Sep 2026Listing dateListing
Elevate Campuses IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 41 | ₹14,842 |
| Retail Maximum | 13 | 533 | ₹1,92,946 |
| SHNI Minimum | 14 | 574 | ₹2,07,788 |
| SHNI Maximum | 67 | 2747 | ₹9,94,414 |
| BHNI Minimum | 68 | 2788 | ₹10,09,256 |
Elevate Campuses IPO Reservation
Promoter Holding
Documents
Elevate Campuses IPO Valuations
Elevate Campuses Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 5,773.35 | 2,421.20 | 2,104.74 |
| Total Income | 603.39 | 394.13 | 362.61 |
| Profit After Tax | 173.76 | 49.74 | 39.69 |
| EBITDA | 545.00 | 256.40 | 220.13 |
| NET Worth | 956.29 | 699.78 | 655.77 |
| Reserves and Surplus | 947.45 | 697.57 | 653.56 |
| Total Borrowing | 4,120.53 | 1,206.60 | 984.71 |
| Amount in ₹ Crore | |||
About Elevate Campuses IPO
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.
Strength Of Elevate Campuses IPO
- We are an institutionalized and independent platform engaged in owning, operating, and managing on-campus student accommodation across HEIs in India and owning K-12 assets in India and Dubai trusted by leading education groups
- Strong operational capabilities and superior asset management expertise.
- Commitment to superior student experience and well being.
- Strategically located, quality modern portfolio.
- Derisked business model with clear cash flow visibility and consistent growth and profitability.
- Highly experienced senior management team.
Risk Of Elevate Campuses IPO
- The Pre-Acquisition Group derived 65.74%, 99.24% and 99.72% of its revenue from operations in the Financial Years 2026, 2025 and 2024, respectively, from the student accommodation business in our Owned Portfolio. Any inability to maintain occupancy rates may adversely affect our business, results of operations, financial condition, and cash flows.
- The Pre-Acquisition Group derived 61.46%, 89.00% and 88.60% of its revenue from operations for the Financial Years 2026, 2025 and 2024, respectively, from three of its largest HEIs. Any adverse developments affecting such HEIs may adversely affect our business, results of operations, financial condition, and cash flows.
- Our Company proposes to utilize approximately 52.38% of the Gross Proceeds of the Issue towards acquisition of the K-12 Entities and Campuses from the fellow subsidiaries of our Promoters. We may not be able to achieve anticipated benefits following the acquisition of K-12 Assets, which may adversely affect our business, results of operations, financial condition, and cash flows.
- The Pre-Acquisition Group derived 70.13%, 100.00% and 100.00% of its revenue from operations in the Financial Years 2026, 2025 and 2024, respectively, from HEIs and other student accommodation assets (Woodstock and County) located in the northern and southern regions of India. Any adverse developments affecting such regions may adversely affect our business, results of operations, financial condition and cash flows.
- Delays in payment of lease rentals by the operators of K-12 Assets or monthly management fees by HEIs in our Managed Portfolio for student accommodation may adversely affect our business, results of operations, and cash flows.
- Our agreements with HEIs and K-12 Operators are subject to risks of early termination, non-renewal, and renegotiation, which could adversely affect our business, results of operations, financial condition and cash flows.
- The sale of our student accommodation business at T.A. Pai Management Institute may affect our business, results of operations, financial condition and cash flows.
- The Post-Acquisition Group will rely on HEIs and K-12 Operators they engage with for the quality of education provided to students. Any adverse effect on the reputation of the HEIs and K-12 Assets operated by K-12 Operators, or the brands under which they operate, may adversely affect the business, results of operations, financial condition, and cash flows of the Post-Acquisition Group.
- Our expansion into greenfield development projects exposes us to regulatory, execution, financing and reputational risks, which may adversely affect our business, results of operations, financial condition and cash flows.
- The Post-Acquisition Group will have a limited operating history in relation to the K-12 Assets business, which may make it difficult to evaluate its future prospects and could adversely affect our business, results of operations, financial condition and cash flows.
Objectives Elevate Campuses IPO
1. Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses;
2. Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and
3. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,
Company Contact Details
Elevate Campuses Ltd.
Naman Midtown, Unit No 902-906
9 th Floor, Tower B, Senapati Bapat Marg,
Lower Parel,
Mumbai, Maharashtra, 400013
Phone: +91 22 6820 1600
Email: companysecretary@elevatecampuses.com
Website: http://www.elevatecampuses.com/
Registrar Contact Details
Elevate Campuses FAQs
The Elevate Campuses IPO is a MAINBOARD public issue comprising 58011049 equity shares with a face value of ₹1 each, aggregating to a total issue size of ₹2100.00 Cr. The issue price has been fixed at ₹362 per equity share, and the minimum application size is 41 shares.
The IPO opens for subscription on 23 Sep 2026, and closes on 25 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹16 (4.42%).
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