Elevate Campuses IPO

Lot size and investment

Reservation

QIB

Not less than 75% of the Issue

Retail

Not more than 10% of the Issue

NII

Not more than 15% of the Issue

Current GMP

₹6.5

▲+1.80%

Estimated listing price

₹368.5

Issue price ₹362

Highest

₹16

19 Sep

Lowest

₹2.5

24 Sep

GMP by day (₹ per share)

Subject to sauda

₹200 retail · ₹2,800 HNI

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E (pre-issue)

23.03

P/E (post-issue)

35.11

EPS (₹)

10.31

RoCE

6.42%

RoNW

18.17%

PAT Margin

28.80%

EBITDA Margin

90.32%

Debt / Equity

4.98

NAV (₹)

432.62

Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the FY ended 31 Mar 2026.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Elevate Campuses Ltd was started in 2005. It is an education infrastructure company. It owns, runs and manages student accommodation on the campuses of higher education institutions, and it also owns K-12 school assets. Its accommodation business trades under the Good Host Spaces and ScholarZ brands. As on 31 March 2026 its pre-acquisition group had capacity for 80,255 students across 15 cities in India and one city in the United Arab Emirates. That capacity came in two forms. Seven campuses with 20,368 beds across six Indian cities were owned outright, and a further 14 campuses with 55,487 beds were managed on behalf of others. Beyond running the hostels it provides operational services covering finding deals, choosing sites, development, acquiring assets, repositioning them and community engagement, along with campus technology and media services. It works with institutions including Manipal Academy of Higher Education, Manipal University Jaipur and Meraki Education. Its owned portfolio recorded an occupancy rate of 89.37% for the academic year 2025-26. It has operated as an independent owner and operator of student accommodation since FY2018.

Objects of the issue

1. Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses₹1,100 Cr
2. Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by Company and certain of Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries₹750 Cr
3. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes,

Promoters and shareholding

Genius Bidco Holdings Pte.Ltd. and Genius Rajkot Investment Holdings Pte.Ltd

Promoter holding, pre-issue

100%

Promoter holding, post-issue

65.58%