IPO IPO-Synopsis
Elevate Campuses Ltd

Back

Registered Office: Naman Midtown Unit No 902-906,9th Flr Tower B Lower Parel , Mumbai - 400013 , Maharashtra , India.
Phone : +91 22 6820 1600   Fax:
Email :  companysecretary@elevatecampuses.com  
Website :  www.elevatecampuses.com
Initial public offering of 58,011,049 equity shares bearing face value of Re. 1 each ("Equity Shares") of Elevate Campuses Limited (formerly known as Good Host Spaces Limited) ("Company" or "Issuer") for cash at a price of Rs362 per equity share including a share premium of Rs361 per equity share ("Issue Price") aggregating up to Rs2100.00 Crores ("Issue"). The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating up to Rs510.00 crores, as may be permitted under applicable law, at its discretion, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957 ("scrr"). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs362 per equity share of face value of Rs1 each. The floor price is 362 times the face value of the equity shares. Bids can be made for a minimum of 41 equity shares of face value of Rs1 each and in multiples of 41 equity shares face value of Rs1 each thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Sep-26 25-Sep-26 Rs362.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :41  Further Multiples of :41

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
IIFL Capital Services Limited
Project Financed through Current Offer 2100.00  
Post Issue Equity Share Capital 16.85  
Issue Price Rs362.00  
Projects
Payment of the purchase consideration for the acquisition of the K-12 Entities and CampusesGeneral corporate purposes
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of borrowings availed by the Company
Promoted By
Genius Bidco
Genius Rajkot
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd