Elevate Campuses Limited, India’s largest institutionalised and independent education platform, plans to raise ₹2,100 crore through an IPO.
[Fresh Issue ₹2100 Cr + OFS NIL]
Elevate campuses ipo price: ₹343–₹362 per share
Elevate Campuses: History
The Company was originally incorporated as Woodstock Ambience Private Limited, a private limited company under the Companies Act, 1956, on April 8, 2005.
It was then converted into a public limited company on August 29, 2025, under a special resolution passed by the shareholders.
The Company subsequently changed its name to Elevate Campuses Limited, and the RoC issued a fresh certificate of incorporation on September 8, 2025.
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Elevate Campuses: Business
Elevate Campuses Ltd is the largest institutionalized and independent education platform engaged in owning, operating, and managing on-campus student accommodation.
The Company provides accommodation across higher education institutions (HEIs) in India, while also owning K-12 school assets in India and Dubai.
The Company’s portfolio comprises owned and managed assets, offering students accommodation along with –
- Dining,
- Gyms,
- Laundry,
- Sports Facilities,
- Security,
- Retail, and
- Recreational Services.
Evelate operates a student accommodation business under Good Host Spaces and ScholarZ brands.
Accommodation Capacity
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.
Educational Collaboration
Elevate has collaborated with leading educational institutions, including Manipal Academy of Higher Education, Manipal University, and Meraki Education.
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Strategies Ahead
Leverage significant growth opportunities in a large, underserved market.
Pursue organic and inorganic growth with prudent capital allocation.
Expand the Elevate Platform by exploring strategic adjacencies.
Invest in data analytics and technology-enabled solutions.
Company Promoters
- Genius Bidco Holdings Pte.
- Genius Rajkot Investment Holdings Pte.
Refer to Elevate Campuses Limited DRHP for further information.
IPO Detail
ipo date: 23 – 25 Sept 2026
Minimum Amount: ₹14,842
Minimum Bid: 41 Shares
Face Value: INR 1 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
JM Financial
IIFL Capital
Morgan Stanley India
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘SUBSCRIBE‘ rating (keeping a long-term view in mind) for the Elevate Campuses Limited IPO.
Do come back to learn more about “upcoming IPOs”.
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