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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Acquisition of K-12 Entities and Campuses
Payment of purchase consideration for the acquisition of K-12 educational entities and school campuses from promoter group subsidiaries.
Repayment and Prepayment of Outstanding Borrowings
Repayment or prepayment, in full or in part, of certain outstanding borrowings and applicable prepayment penalties incurred by the company and its subsidiaries.
General Corporate Purposes
Funding general corporate needs, strategic initiatives, and issue related operational expenses.
(₹ in Crore)
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Originally established under the name Good Host Spaces Limited, Elevate Campuses Limited operates as a major educational infrastructure platform in India. The enterprise focuses on the development, ownership, and management of specialized on-campus student residential accommodations serving Higher Educational Institutions. In addition to student housing, the company maintains and manages K-12 school real estate assets across key academic hubs in India as well as internationally in Dubai. The organization markets its services under recognized consumer brands, utilizing Good Host Spaces for university student residential properties and ScholarZ for K-12 educational facility assets. Elevate Campuses collaborates with prominent private higher education institutions to provide residential, dining, recreational, and administrative spaces. By offering integrated facility management and specialized campus infrastructure, the firm enables institutional partners to concentrate on core academic activities. Elevate Campuses Limited is sponsored by Genius Bidco Holdings Pte. Ltd. and Genius Rajkot Investment Holdings Pte. Ltd., entities backed and advised by Hillhouse Investment. The company is executing a portfolio consolidation strategy by acquiring campus real estate entities from promoter-group subsidiaries. Capital raised from this public offering will primarily support the acquisition of K-12 educational infrastructure entities and fund the repayment of outstanding institutional indebtedness.
Elevate Campuses Limited allocated 2,61,04,972 equity shares to anchor investors on September 22, 2026, raising Rs 945 crore at the upper price band of Rs 362 per share. Prominent institutional participants in the anchor book included global and domestic mutual funds and asset management firms.
Source: RHP • Analysis provided for informational purposes
Last Updated: 29 September 2026, 8:50 AM
Leading Position in Education Infrastructure
The company holds a strong operational market share in managing integrated student accommodation and educational campus assets in India.
Predictable Long-Term Revenue Model
Long-term agreements with partner universities and educational institutions ensure stable, recurring operational revenues.
Reputed Institutional Backing
Sponsored by Hillhouse Investment-backed entities, Elevate Campuses benefits from strategic guidance and capital support.
Scalable Portfolio Acquisition Model
Proven capability to expand through the consolidation and acquisition of high-performing K-12 school real estate and campus facilities.
High Sectoral Dependency
Business performance depends on the education sector and institutional student enrollments, making it susceptible to macroeconomic and policy changes.
Significant Outstanding Borrowings
The company maintains substantial leverage, and any increase in borrowing costs or cash flow constraints could affect operations.
Institutional Contract Non-Renewal Risk
Failure to renew key institutional partnerships or early termination of facility management contracts could negatively impact revenues.
Elevate Campuses Limited
Naman Midtown, Unit No. 902-906, 9th Floor, Tower B, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India
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Regulatory and Municipal Compliance Demands
Educational infrastructure operations require compliance with land use, zoning, structural safety, and educational regulatory standards.