Elevate Campuses Limited is the largest institutionalized and independent education platform engaged in owning, operating, and managing on-campus student accommodation across higher education institutes and owning K-12 assets in India by student capacity as of June 15, 2026. The Bid/Issue for its initial public offering of Equity Shares will open on Wednesday, September 23, 2026. The Bid/Issue will close on Friday, September 25, 2026. The Anchor Investor Bidding Date shall be on Tuesday, September 22, 2026. Bids can be made for a minimum of 41 Equity Shares and in multiples of XX Equity Shares thereafter. The Price Band has been fixed at ₹343 to ₹362 per Equity Share. The total Issue size is for such number of Equity Shares of face value of ₹1 each aggregating up to ₹2,100 crores.
- Issue Opens: September 23, 2026
- Issue Closes: September 25, 2026
- Face Value: Rs 1
- Price Band: Rs 343 – 362 per share
- Minimum Bid Lot: 41 Equity Shares
- Listing: BSE & NSE
Elevate Campuses owns, operates, and manages on-campus student accommodations across higher education institutions (HEIs) and K-12 assets. As of March 31, 2026, the current capacity enables it to cater to 80,255 students across 15 cities in India and one city in the United Arab Emirates. The business operates under the “Good Host Spaces” and “ScholarZ” brands for student accommodation and manages K-12 assets under long-term lease arrangements with K-12 operators.
Elevate Campuses’ portfolio comprises both owned and managed assets. The ‘Owned Portfolio’ comprises seven student accommodation campuses totaling 20,368 beds across six Indian cities as of March 31, 2026, and two K-12 Assets in Dubai (UAE). The ‘Managed Portfolio’ comprises 14 student accommodation campuses, totaling 55,487 beds under management as of March 31, 2026. The Issue is being made through the Book Building Process.
Elevate Campuses is led by an experienced management team with expertise across real estate, deal financing, operations, and facility management. The Company’s promoters are ultimately owned and controlled by funds of Hillhouse Investment, a global alternative investment manager. Hillhouse established Rava Partners in 2020 as its real-assets strategy, which has committed over US$3.5 billion since inception across growth sectors of Asia’s real-asset economy, including education, logistics/industrial, life sciences/healthcare and digital infrastructure.
