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IPO Synopsis

Elevate Campuses Ltd
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 Rs. 362 per equity share including a share premium of Rs. 361 per equity share ("Issue Price") aggregating up to Rs. 2100.00 Crores ("Issue"). The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating up to Rs.510.00 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: Rs. 343 to Rs. 362 per equity share of face value of Rs. 1 each. The floor price is 343 times the face value of the equity shares and the cap 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 Rs. 1 each and in multiples of 41 equity shares face value of Rs. 1 each thereafter.
Issue
Opens On Closes On
23-Sep-26 25-Sep-26
Money Payable On
Application Allotment
343.00 0.00
Minimum Application for shares in Nos : 41 Further Multiples of : 41
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 IIFL Capital Services Limited
Project Financed through Current Offer (.Cr) 2100.00  
Post Issue Equity Share Capital (.Cr) 16.85
Issue Price () 343.00
Projects
Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses
Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of borrowings availed by the Company
General corporate purposes
Promoted By
Genius Bidco
Genius Rajkot
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd
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