Bookbuilding IPO | ₹2,550 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Elevate Campuses Ltd. on February 5, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Elevate Campuses Ltd. IPO is a Book Build Issue of ₹2,550.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Elevate Campuses IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹2,550 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹2,550 Cr) |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Sep 28, 2025 |
| SEBI/Exchange approval received | Thu, Feb 5, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII Shares Offered | Not more than 15% of the Issue |
Incorporated in 2005, Elevate Campuses Ltd. owns, operates, and manages on-campus student accommodation across higher education institutions (HEIs) and K-12 assets. As of August 31, 2025, the company’s capacity caters to 94,758 students across 20 cities in India and one city in the United Arab Emirates. Its student accommodation business operates under the brands “Good Host Spaces” and “ScholarZ.”
The company’s Owned Portfolio includes five student accommodation campuses with 16,934 beds, 16 K-12 assets (three under development), and two student accommodation facilities managed by HEIs and owned by K-12 HoldCos across eight Indian cities, along with two K-12 assets in Dubai. The Managed Portfolio includes 14 student accommodation campuses with 49,338 beds. In addition, the company delivers community and campus technology services such as media coverage of HEIs and community event management.
The company collaborates with leading institutions including Manipal Academy of Higher Education (MAHE), Manipal University Jaipur (MUJ), and Meraki Education. Its integrated Elevate Platform combines student accommodation and K-12 assets, supporting students throughout their lifecycle.
Between Academic Year 2023 and August 2025, the company added 21,764 beds and six K-12 assets on a post-acquisition group basis. During the same period, its presence expanded from 17 cities and 23 institutes to 21 cities and 33 institutes, including both greenfield and brownfield K-12 developments.
As of August 31, 2025, Elevate Campuses Ltd. employed 397 full-time staff.
Elevate Campuses Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 702.71 | 655.77 | 576.99 |
| Total Income | 394.13 | 362.61 | 300.92 |
| Profit After Tax | 52.65 | 39.69 | 29.00 |
| EBITDA | 259.32 | 220.13 | 186.64 |
| NET Worth | 702.71 | 655.77 | 576.99 |
| Reserves and Surplus | 700.50 | 653.56 | 574.78 |
| Total Borrowing | 1,206.60 | 984.71 | 1,026.12 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses; | 1,100.00 |
| 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 | 750.00 |
| 3 | Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes, |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 10.02% |
| RoNW | 7.49% |
| PAT Margin | 13.36% |
| EBITDA Margin | 65.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Elevate Campuses IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹2,550 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Elevate Campuses IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Elevate Campuses IPO using UPI as a payment gateway. Zerodha customers can apply in Elevate Campuses IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Elevate Campuses IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Elevate Campuses IPO dates are not announced. Please check back again after some time.
Elevate Campuses IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Elevate Campuses IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Elevate Campuses IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Elevate Campuses IPO allotment status.
The Elevate Campuses IPO listing date is not yet announced. The tentative date of listing is .
