Elevate Campuses Ltd IPO

About Elevate Campuses Ltd

Our Company was originally incorporated as Woodstock Ambience Private Limited on April 8, 2005, as a private limited company under the Companies Act, 1956 at Bengaluru, Karnataka, India, pursuant to a certificate of incorporation issued by the Registrar of Companies, Karnataka at Bengaluru (RoC Bengaluru). The name of our Company was changed to Good Host Spaces Private Limited, pursuant to a resolution passed by our Board dated October 14, 2017, and a special resolution passed by our Shareholders dated November 29, 2017, and a fresh certificate of incorporation dated January 9, 2018, was issued by the RoC Bengaluru. Upon conversion of our Company into a public limited company, pursuant to a resolution passed by our Board on July 29, 2025 and a special resolution passed by our Shareholders on July 31, 2025, the name of our Company was changed to Good Host Spaces Limited, and a fresh certificate of incorporation dated August 20, 2025 was issued by the RoC. Thereafter, pursuant to a resolution passed by our Board on August 21, 2025 and a special resolution passed by our Shareholders on August 29, 2025, the name of our Company was subsequently changed to Elevate Campuses Limited, pursuant to a re-branding exercise and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on September 8, 2025.

According to the CBRE Report, India's higher education system is one of the largest globally with around 58,642 institutions, serves 43.3 million students comprising 17.5% of the global enrolments as of Academic Year 2021-22. India's HEI segment presents a significant opportunity for increased penetration, with a Gross Enrolment Ratio of 31.0% (estimated) in Academic Year 2023-24, compared to 76.3% in Germany and 74.6% in China. Further, the contribution of private unaided schools to total enrolments has more than doubled over the past two decades, rising to 36.3% in Academic Year 2023-24, representing 90.0 million enrolments from 16.6% in AY 2001-02.

We own, operate and manage on-campus student accommodation across HEIs and own K-12 Assets. As estimated in the CBRE Report, as of August 31, 2025, our current capacity enables us to cater to 94,758 students and we are present across 21 cities. We enable HEIs and K-12 school operators to offer quality learning environments that support student development and foster all-round growth. We operate our student accommodation business under Good Host Spaces and ScholarZ brands. Our mission is to build inclusive educational communities by delivering modern student accommodation and K-12 Assets that nurture student wellbeing and development.

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