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Issue Open Date
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23-Sep-26
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Issue Closing Date
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25-Sep-26
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Application Money
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100
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Allotment Money
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Price Band
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343
-
362
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Minimium Application No.
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41
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Issue Size (Shares)
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61224489
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Market Lot
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1
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Objective
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The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses to be borne by our Company (“Net Proceeds”), are proposed to be utilised in the following manner:1. Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses;2. Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and3. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and generalcorporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are the largest institutionalized and independent education platform engaged in owning, operating and managing on-campus student accommodation across HEIs and owning K-12 assets in India, based on student capacity as of August 31, 2025, according to the CBRE Report. Our portfolio comprises both owned and managed assets, comprising 66,272 beds as of August 31, 2025. Our ‘Owned Portfolio’ comprises five student accommodation campuses totaling 16,934 beds (“Owned Beds”), 16 K-12 Assets (including three K-12 Assets under development and two student accommodation facilities managed by the relevant HEIs and owned by K-12 HoldCos), in eight Indian cities, and two K-12 Assets in Dubai (UAE) (“Owned Portfolio”). Our ‘Managed Portfolio’ comprises 14 student accommodation campuses, totaling 49,338 beds under management (“Managed Beds”), as on August 31, 2025 (“Managed Portfolio”). We also deliver community and campus technology services for our Managed Portfolio such as media coverage of HEIs and organizing community events at the HEIs (“Community and Campus Technology Services”).
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Promoter's Holding
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Total Share Capital
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110519988
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Offered to Public
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61224489
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
Naman Midtown
Unit No 902-906
9th Floor
Tower B
Senapati Bapat Marg
Lower Parel
Mumbai
,
Maharashtra
,
400013
Phone :
022-6820 1600
Email :
companysecretary@elevatecampuses.com
Website :
www.elevatecampuses.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
IIFL Capital Services Ltd.
JM Financial Ltd.
Morgan Stanley India Co Pvt Ltd
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Promoters |
Genius Bidco Holdings Pte. Ltd.
Genius Rajkot Investment Holdings Pte. Ltd.
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