Elevate Campuses Limited
Key dates
Issue reservation
₹2,100 CrLot ladder — how much to bid
1 lot = 41 sharesIssue details
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB (Ex. Anchor) | 1,74,03,315₹630.00 Cr | 4,63,16,552₹1,677 Cr | 2.66× |
| HNI | 87,01,657₹315.00 Cr | 77,53,715₹280.68 Cr | 0.89× |
| HNI (10L+) | 58,01,105₹210.00 Cr | 50,61,450₹183.22 Cr | 0.87× |
| HNI (2-10L) | 29,00,552₹105.00 Cr | 26,92,265₹97.46 Cr | 0.93× |
| Retail | 58,01,105₹210.00 Cr | 61,99,405₹224.42 Cr | 1.07× |
| Total | 3,19,06,077₹1,155 Cr | 6,02,69,672₹2,182 Cr | 1.89× |
*QIB Book Size EXCLUDES the anchor portion of 2,61,04,972 shares, from the actual anchor allotment.
Application-wise
| Category | Req 1× | Total | Times |
|---|---|---|---|
| HNI (10L+) | 2,081 | 680 | 0.33× |
| HNI (2-10L) | 5,053 | 3,342 | 0.66× |
| Retail | 1,41,490 | 82,286 | 0.58× |
Total applications: 86,308
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 1676.66 |
| HNI | 280.68 |
| HNI (10L+) | 183.22 |
| HNI (2-10L) | 97.46 |
| Retail | 224.42 |
| Total | 2181.76 |
Amounts at the upper band (₹362). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Particulars | FY26 | FY25 | FY24 |
Assets | 5,773.35 | 2,421.20 | 2,104.74 |
Total Income | 603.39 | 394.13 | 362.61 |
PAT | 173.76 | 49.74 | 39.69 |
Net Worth | 956.29 | 699.78 | 655.77 |
Reserves & Surplus | 947.45 | 697.57 | 653.56 |
Total Borrowing | 4,120.53 | 1,206.60 | 984.71 |
K-12 Acquisitions: ~₹1,100 Cr (52.4%) for acquiring schools/campuses.
Debt Repayment: ~₹750 Cr to reduce outstanding borrowings.
Growth & Corporate: ~₹250 Cr for strategic and general corporate needs.
Elevate Campuses Limited (formerly known as Good Host Spaces Limited), incorporated in 2005, is India’s largest institutionalized and independent education infrastructure and services platform, specializing in on-campus student accommodation and K–12 educational assets. The company provides a comprehensive range of services, including student housing through brands such as Good Host Spaces and ScholarZ, campus infrastructure, student wellbeing services, and K–12 school assets. With a presence across 20 cities in India and one city in the UAE, Elevate Campuses serves nearly 94,758 students and manages tens of thousands of student accommodation beds. Headquartered in Mumbai, Maharashtra, the company is backed by prominent investors, including Hillhouse Investment, and is led by CEO Narasimha Jayakumar. For more information about the company and its operations, visit the official Elevate Campuses website.
Company strengths
Market Leader: 80,000+ beds across India and Dubai.
Long-Term Contracts: 10–29 year agreements with leading HEIs.
High Margins: ~78% EBITDA and ~99% occupancy.
Strong Growth: FY26 revenue ₹568.6 Cr; PAT ₹173.8 Cr.
Promoters
Registered office & contact
Elevate Campuses Limited
Address - Naman Midtown, Unit No 902-906
9 th Floor, Tower B, Senapati Bapat Marg,
Lower Parel,
Mumbai, Maharashtra, 400013
📞 +91 22 6820 1600
✉️ companysecretary@elevatecampuses.com
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
What is the minimum investment in the Elevate Campuses Limited IPO?
One lot of 41 shares — ₹14,842 at the upper price band of ₹362.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-09-30 on NSE / BSE.