Archive · 19 Sep 2026
Elevate Campuses Announces ₹2,100 Crore IPO at ₹343-362
Elevate Campuses runs student housing at colleges and universities and also owns some school-related assets.
It wants to sell new shares to the public in an IPO.
The shares will cost between ₹343 and ₹362 each.
The company hopes to raise ₹2,100 crore.
Applications are scheduled to open on September 23 and close on September 25, 2026.
The money may be used to buy more accommodation and K-12 education assets and to repay loans.
One report says ₹1,100 crore would go toward acquisitions and ₹750 crore toward debt repayment.
The company says it served or had capacity for 80,255 students across India and the United Arab Emirates as of March 31, 2026.
It provides services such as meals and laundry to student residents.
Elevate Campuses plans to raise ₹2,100 crore through an IPO priced at ₹343-362 per share.
The issue consists entirely of a fresh issuance of 5.80 crore shares, representing 34.42% stake dilution, with no offer-for-sale component.
Subscription is scheduled for September 23-25, 2026, with retail investors able to apply for at least 41 shares.
Proceeds are intended for student-accommodation and K-12 acquisitions, debt repayment, inorganic growth and general corporate purposes; one report specifies ₹1,100 crore for acquisitions and ₹750 crore for debt.
As of March 31, 2026, the company could serve 80,255 students across 15 Indian cities and one city in the United Arab Emirates.
- Who
- Elevate Campuses, a company that owns, operates and manages student accommodation and K-12 education assets.
- What
- The company announced a ₹2,100 crore IPO with a price band of ₹343-362 per share, consisting of a fresh issue of 5.80 crore shares.
- When
- The IPO is scheduled to open on September 23 and close on September 25, 2026; the reports were published on September 18, 2026.
- Where
- The company operates across 15 cities in India and one city in the United Arab Emirates.
- Why
- The proceeds are intended for acquisitions, repayment of outstanding borrowings, inorganic growth, strategic initiatives and general corporate purposes.
- IPO size
- ₹2,100 crore
- Price band
- ₹343-362 per share
- Issue structure
- Fresh issue of 5.80 crore shares; no offer-for-sale component
- Stake dilution
- 34.42%, according to one report
- Subscription dates
- September 23-25, 2026
- Retail lot size
- 41 shares and multiples thereafter
- Use of proceeds
- One report specifies ₹1,100 crore for student-accommodation acquisitions and ₹750 crore for outstanding debt; another describes broader K-12 acquisitions, debt repayment and corporate purposes
- Operating footprint
- 80,255 students across 15 Indian cities and one United Arab Emirates city as of March 31, 2026
