Elevate Campuses Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹343 – ₹362
Lot Size: 41 shares
Min. Investment: ₹14,842
Total Issue Size: ₹2,100 Cr; 5,80,11,049 shares
Fresh Issue: ₹2,100 Cr; 5,80,11,049 shares
Offer for Sale: ₹0 Cr
Face Value: ₹1 per share
Issue Type: Book-built IPO
Listing At: BSE, NSE
Shares Pre-Issue: 11,05,19,988
Shares Post-Issue: 16,85,31,037

Lot Size & Investment

1 lot = 41 shares

Retail (min)

1 lot · 41 shares

Retail (max)

13 lots · 533 shares

S-HNI (min)

14 lots · 574 shares

Application	Lots	Shares	Amount
Retail	1	41	₹14,842
Small HNI (S-HNI)	14	574	₹2,07,788
Big HNI (B-HNI)	68	2,788	₹10,09,256

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	5,773.35	2,421.2	2,104.74
Total Income	603.39	394.13	362.61
Profit After Tax	173.76	49.74	39.69
EBITDA	545	256.4	220.13
Net Worth	956.29	699.78	655.77
Reserves & Surplus	947.45	697.57	653.56
Total Borrowing	4,120.53	1,206.6	984.71

Key Performance Indicators

Key performance indicators
Period	Mar-26	Mar-25
RoNW (%)	18.17	7.11
EPS (₹)	—	15.72
P/E (pre-issue)	—	23.03
P/E (post-issue)	—	35.11

About Elevate Campuses Limited

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.