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Company Profile

Elevate Campuses Ltd. is an Indian education infrastructure company founded in 2005 that specializes in developing, owning, and managing student housing and K-12 school properties. Operating under the Good Host Spaces and ScholarZ brands, the firm partners with prominent educational institutions, including Manipal Academy of Higher Education, Manipal University Jaipur, and Meraki Education.

As of March 31, 2026, the company accommodated 80,255 students across 15 cities in India and one city in the UAE. Its housing network comprises 14 managed properties with 55,487 beds and seven self-owned campuses offering 20,368 beds. Through organic growth, Elevate Campuses has more than doubled its owned bed capacity from 9,153 beds in FY2018, achieving an impressive 89.37% occupancy rate for the 2025–26 academic year. Alongside property operations and asset acquisition, the company provides end-to-end management services, including site selection, campus development, media coverage, and community engagement initiatives.

For the year/period ended (Rs. in Cr.)

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(There are no listed peers of the company in the Indian stock market.)

*Market cap @upper band

• Strong operational capabilities and superior asset management expertise
• Commitment to superior student experience and well being
• Strategically located, quality modern portfolio
• Derisked business model with clear cash flow visibility and consistent growth and Profitability
• Highly experienced senior management team

The Company ELEVATE CAMPUSES LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses (Rs. 1,100.00 Cr.)
• Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by Company and certain of Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries (Rs. 750.00 Cr.)
• Funding inorganic growth through unidentified acquisitions, other strategic initiatives
• General corporate purposes

At the upper band of IPO Rs. 362, the stock is valued at 35.11 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.