Elevate Campuses Limited (formerly known as Good Host Spaces Limited) has made an initial public offering of its equity shares aggregating to approximately ₹2,100 crore.
Shardul Amarchand Mangaldas & Co advised Hillhouse, Alta Capital and Elevate Campuses on this IPO.
The Capital Markets team advising the Company was led by Nikhil Naredi (Partner) and Krupa Brahmbhatt (Partner), with support from Chinmay Sethia (Principal Associate), Associates Avani Sharda, Soundarya Mathavan and Anshika Tyagi.
The General Corporate team advising the Company was led by Anuj Bhasme (Partner) and Rishikesh Desai (Partner), with support from Aakash Rao (Senior Associate) and Regan Dmello (Associate).
Cyril Amarchand Mangaldas advised the book running lead managers, JM Financial Limited, IIFL Capital Services Limited and Morgan Stanley India Company Private Limited, on this IPO.
The transaction was led by Manan Lahoty (Partner, Head - Capital Markets) and Abhiroop Lahiri (Partner), with support from Anjali Menon (Principal Associate), Veena Raghav (Senior Associate Designate), Associates Arnab Roy, Akhil Sreenadhu, Shvabh Chakarwarti, Khadri Mohammed.
Elevate Campuses owns, operates and manages on-campus student accommodation across higher education institutions and own K-12 Assets. As of March 31, 2026, they are present across 15 cities in India and one city in the United Arab Emirates. It is one of the largest institutional platforms in India focused on professionally managed student accommodation as of June 15, 2026.
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