Elevate Campuses Limited Announced its ₹2100 crore Initial Public Offering (IPO) to open on Wednesday, September 23, 2026 Price Band fixed at ₹343 to ₹362 per shareBid/Issue Opening Date – Wednesday, September 23, 2026 and Bid/Issue Closing Date – Friday, September 25, 2026

Elevate Campuses Limited’s ₹2100 crore Initial Public Offering to open on Wednesday, r£t£September 23, 2026

Price Band fixed at ₹343 to ₹362 per share
Bid/Issue Opening Date – Wednesday, September 23, 2026 and Bid/Issue Closing Date – Friday, September 25, 2026
Anchor Date – The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Tuesday, September 22, 2026
Bids can be made for a minimum of 41 shares and in multiples of 41 thereafter by bidders other than Anchor Investors
Mumbai, September 18, 2026 (GNI) : Elevate Campuses Limited (“Elevate Campuses”) 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 in relation to its initial public offering of the 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 ₹21,000 million (₹2,100 crores).
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 to cater to 80,255 students across 15 cities in India and one city in 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 (“Owned 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 (“Managed Beds”), as of March 31, 2026 (“Managed Portfolio”).
The Issue is being made through the Book Building Process in accordance with the applicable provisions of the SEBI ICDR Regulations. At least 75% of the Issue shall be available for allocation to Qualified Institutional Buyers (QIBs), of which up to 60% of the QIB Portion may be allocated to Anchor Investors, subject to applicable regulations. Further, not more than 15% of the Issue shall be available for allocation to Non-Institutional Investors (NIIs), with the portion further divided between applicants with application sizes of more than ₹2 lakh and up to ₹10 lakh, and those with application sizes exceeding ₹10 lakh, in accordance with the SEBI ICDR Regulations, and not more than 10% of the Issue shall be available for allocation to Retail Individual Investors (RIIs), subject to valid bids being received at or above the Issue Price. For further details, please refer to the sections “Issue Structure” and “Issue Procedure” beginning on pages 621 and 641 of the red herring prospectus dated September 17, 2026.
Elevate Campuses is led by an experienced management team with expertise across real estate, deal financing and 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.

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