Elevate Campuses IPO To Open On September 23; Sets Price Band At Rs 343-362 Per Share
Mumbai, September 19, 2026: Elevate Campuses Limited, an operator in the education and student accommodation sector, is launching its Rs 2,100 crore Initial Public Offering (IPO) on September 23, 2026. The company has fixed the price band for the issue at Rs 343 to Rs 362 per equity share. Bidding for anchor investors will open on September 22, while the main issue will close on Friday, September 25, 2026, it said in a press release.
Investors can bid for a minimum of 41 equity shares and in multiples of 41 shares thereafter. The public issue aims to raise up to Rs 21,000 million (Rs 2,100 crore). In terms of allocation, at least 75% of the issue will be reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for retail investors.
Elevate Campuses operates in India by owning, operating, and managing student accommodation facilities on higher education campuses, alongside owning K-12 education assets. As of March 31, 2026, the company’s capacity stood at 80,255 students across 15 cities in India and one city in the United Arab Emirates.
Operating under the Good Host Spaces and ScholarZed brands, the company’s portfolio comprises seven owned student accommodation campuses with a capacity of 20,368 beds, as well as 14 managed campuses with a capacity of 55,487 beds.
