Student accommodation provider Elevate Campuses’ Rs.2,100-Cr IPO subscribed 1.65 times

The initial public offer of Mumbai-based Elevate Campuses has been subscribed 1.65 times. The INR 2,100-Cr IPO consists entirely of a fresh issue of equity shares. The price range for the offering is set at INR 343-362 per share. The quota for qualified institutional buyers was subscribed 2.5 times, while the non-institutional investor category reached a 71% subscription level. The portion reserved for retail investors saw a 48% subscription.Elevate Campuses is a student accommodation and K-12 platform that owns, operates, and manages on-campus student housing and K-12 education assets. As of March 31, 2026, the company maintained a portfolio of seven owned student accommodation campuses comprising 20,368 beds, alongside a managed portfolio of 14 campuses containing 55,487 beds.The company intends to utilize the proceeds from the IPO to acquire K-12 accommodation entities and campuses, clear existing debt, and for general corporate purposes.