Elevate Campuses Rs 2100 Crore IPO From Sept.23
Operating since 2018, company as of March 31, 2026, had capacity to offer on campus accommodation to 80,255 students across 15 cities in India and UAE
Mumbai: Mumbai based Elevate Campuses engaged in owning, operating and managing on campus student accommodation across higher education institutes and owning in India announced Rs 2100 crore initial public offering in the price band of Rs 343 to Rs 362 per equity share of Rs 1 face value each. The public issue opens on Sept.23 and closes on Sept.25, 2026. Elevate Campuses owns, operates, and manages on-campus student accommodations across higher education institutions.
Operating since 2018, company as of March 31, 2026, had capacity to offer on campus accommodation to 80,255 students across 15 cities in India and at one city in United Arab Emirates.
The entire public offer is a fresh issue of equity shares by the company comprising 34.42 per cent stake dilution.
Company’s promoters are ultimately owned and controlled by funds of Hillhouse Investment, a global alternative investment manager.
The net proceeds from the IPO will be used for acquisition of student accommodation facilities( Rs 1100 crore) in various cities in Karnataka, Andhra Pradesh, Telangana , Maharashtra and Chhatisgarh and Rs 750 crore to pay outstanding debt.
