Elevate Campuses Limited
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Following its successful public offering, Elevate Campuses Limited's made its market debut on Sep 30, 2026 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 5,80,11,049 Shares in total capital, including 5,80,11,049 Shares in primary equity infusion.
The offering was structured with a price band of ₹343 to ₹362 and minimum investment lots of 41 shares. Investor participation during the subscription window from Sep 23, 2026 to Sep 25, 2026 demonstrated market confidence in the company's prospects.
The allotment process concluded on Sep 28, 2026, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2005, Elevate Campuses Ltd. owns, operates, and manages on-campus student accommodation for higher education institutions and K-12 assets, with a capacity of nearly 95,000 students across multiple cities in India and one in the UAE, operating under brands like Good Host Spaces and ScholarZ. The company has both owned and managed portfolios, including student housing campuses and K-12 assets, while also offering services like campus technology, media coverage, and community event management. It partners with leading institutions and uses its integrated platform to support students throughout their academic journey, and in recent years has significantly expanded its capacity, city presence, and institutional reach through new developments and acquisitions, supported by a team of nearly 400 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Institutionalised Education Platform: Elevate is among India’s large independent education platforms and has established relationships with reputed education groups. These relationships support the expansion of its education infrastructure and student accommodation portfolio.
- Strong Operational & Asset Management Capabilities: The company has developed strong operational and asset management expertise across its education-focused portfolio. This helps in efficiently managing student accommodation assets and institutional relationships.
- Focus on Student Experience & Well-Being: Elevate focuses on providing a positive student experience and supporting student well-being. Its accommodation and related services aim to provide students with a more complete campus living experience.
- Dependence on Student Occupancy: The group generated 100% of its revenue from operations from student accommodation during the last three Financial Years. Any decline or difficulty in maintaining healthy occupancy levels could negatively impact revenue, cash flows and overall financial performance.
- High Dependence on Key HEIs: The group generated 89.00%, 88.60% and 87.50% of operating revenue from its three largest higher education institutions (HEIs) in FY2025, FY2024 and FY2023, respectively. Any adverse changes affecting these key institutions could significantly impact financial performance.
- Regional Concentration: The group generated 100% of its operating revenue from HEIs and student accommodation assets located in the northern and southern regions of India during the last three Financial Years. Any regional disruption or adverse development could affect business operations, cash flows and financial performance.
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