About Elevate Campuses Ltd IPO
Elevate Campuses IPO is a mainboard book-built issue comprising a fresh issue of up to ?2,100 crore. The Company plans to list its Equity Shares on the BSE and NSE. JM Financial Limited, IIFL Capital Services Limited and Morgan Stanley India Company Private Limited are acting as the Book Running Lead Managers, while KFin Technologies Limited is the Registrar to the Issue.
The Company is promoted by Genius Bidco Holdings Pte. Ltd. and Genius Rajkot Investment Holdings Pte. Ltd., which are backed by Hillhouse Investment.
The funds raised through the IPO are intended to support the Company's growth plans, including acquisition of K-12 entities and campuses, repayment or prepayment of borrowings, inorganic expansion and strategic initiatives, and general corporate purposes.
About Elevate Campuses Limited
Established in 2018, Elevate Campuses Limited is an education-focused real estate and student accommodation company. The Company operates under the “Good Host Spaces” and “ScholarZ” brands and serves leading higher education institutions (HEIs) and K-12 school operators.
Its business operates across Student Accommodation and K-12 Educational Assets. In student accommodation, the Company owns and manages on-campus facilities offering accommodation, dining, laundry, gyms, sports amenities, security and other campus services.
As of March 31, 2026, the Company had capacity to cater to 80,255 students, comprising 20,368 owned beds across seven campuses and 55,487 managed beds across 14 campuses. It had a presence across 15 cities in India and Dubai, UAE.
The Company has expanded through an asset-light managed-campus model, entering into management contracts with HEIs since FY2024. Its institutional relationships include MAHE, Manipal University Jaipur and O.P. Jindal Global University, among others. As of June 15, 2026, 15 of the 19 HEIs in its owned and managed portfolio had a NAAC A or better rating.
The Company has also diversified into K-12 educational real estate, acquiring Hartland International School and North London Collegiate School in Dubai in September 2025. It has further entered into a concession agreement with IIT Madras for developing two hostel blocks comprising 1,878 beds.
As of March 31, 2026, the Pre-Acquisition Group of Elevate Campuses Ltd. employed 460 full-time personnel and 223 contract employees.
Elevate Campuses IPO is a mainboard book-built issue comprising a fresh issue of up to ?2,100 crore. The Company plans to list its Equity Shares on the BSE and NSE. JM Financial Limited, IIFL Capital Services Limited and Morgan Stanley India Company Private Limited are acting as the Book Running Lead Managers, while KFin Technologies Limited is the Registrar to the Issue. The C
Elevate Campuses IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 75% | 4,35,08,286.75 crores |
| Non-Institutional Investors (NIIs) | 15% | 87,01,657.35 crores |
| Retail Individual Investors (RIIs) | 10% | 58,01,104.9 crores |
Elevate Campuses IPO Strengths & Weaknesses
An independent platform with capabilities spanning student accommodation and K-12 educational assets, trusted by leading education institutions.
End-to-end expertise across sourcing, development, acquisitions, asset repositioning, infrastructure management and student experience.
Presence across key education markets, with 89.37% occupancy in the Owned Portfolio during Academic Year 2025-26. The company has also expanded into Dubai through its K-12 assets.
Combines asset ownership with an asset-light management model, supporting efficient capital deployment and portfolio expansion.
Led by professionals with expertise across education, real estate, operations, development, investments, finance and governance, supporting the company's continued growth.
Elevate Campuses IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 28 Sep '26 | 30 Sep '26 | 29 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹1 per share |
| Total Issue Size | 5,80,11,049 shares (aggregating up to To be announced) |
| Fresh Issue | 5,80,11,049 shares (aggregating up to ₹5,80,11,049 crores) |
| Offer for Sale | 0 shares of ₹1 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Elevate Campuses IPO Lot Size and Investment Details
| Minimum Lot Size | 41 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of Elevate Campuses ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Elevate Campuses IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Elevate Campuses IPO Contact & Registrar Details
Contact Details
Address
Naman Midtown, Unit No 902-906 9 th Floor, Tower B, Senapati Bapat Marg, Lower Parel, Mumbai
Phone Number
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
Elevate Campuses Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| JM Financial Ltd. | IIFL Capital Services Ltd. | Morgan Stanley India Co.Pvt.Ltd. |