IPO · Professional & Local Services

Elevate Campuses plans Rs 2,550 crore IPO in August

By Startup Enthusiast · 23 July 2026

What they do

Elevate Campuses runs student housing and education infrastructure platforms under brands Good Host Spaces and ScholarZ

It plans to launch a Rs 2,550 crore IPO in August 2026, entirely a fresh issue of shares

This will be the first public listing of a student housing company on Indian stock exchanges

Elevate Campuses plans to launch an IPO in August 2026.
The IPO size is Rs 2,550 crore, entirely a fresh issue of shares.
The company is backed by Hillhouse Investment through its operating partner Alta Capital.
It will use Rs 1,100 crore of the proceeds to acquire 14 K-12 school assets from promoter affiliates.
Another Rs 750 crore will repay debt.
The remaining funds will go toward strategic acquisitions and general corporate purposes.
This will be the first public listing of a student housing company on Indian stock exchanges.

India has 43.3 million students enrolled in ~58,600 higher education institutions.
Professionally managed student accommodation serves <0.5% of higher education enrolments in India, compared to 13-15% in the US and 17-19% in the UK.
The private school tuition market is projected to reach Rs 2.49 lakh crore by AY2027-28.
Student accommodation with specialised services presents a $4 billion revenue opportunity by AY2028E.
The Indian market is shifting from leased premises to asset ownership and own-and-operate models.

Elevate Campuses is a student housing and education infrastructure platform.
It operates under the brands Good Host Spaces and ScholarZ.
Its portfolio includes 66,272 student beds, with capacity to serve over 102,000 students across 21 cities in India and the UAE.
The portfolio is 1.7 times larger than its nearest competitor.
Its existing K-12 platform has 18 assets: 13 operational schools, 3 planned schools, and 2 student accommodation facilities managed by higher education institutions.
International school assets in Dubai include Hartland International School and North London Collegiate School.
It recently started construction of two student accommodation blocks at IIT Madras under a PPP model, with capacity for over 1,800 PhD students and project staff, completion by mid-2028.

The company will use Rs 1,100 crore to acquire 14 K-12 school assets from promoter affiliates.
It will use Rs 750 crore to repay debt.
Remaining proceeds will go toward strategic acquisitions and general corporate purposes.

Hillhouse Investment (investor) — Hillhouse Investment backs Elevate Campuses through its operating partner Alta Capital.