APAC IPOs & Placements, Aequitas Research

Kajal Jain

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Elevate Campuses Limited / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/elevate-campuses-limited" target="_blank" data-smartkarma-citation="entities:45910:1" rel="noopener">Elevate Campuses Limited (1638929D IN)</a> is looking to raise about US$287m in its upcoming India IPO.</li>
<li>ECL owns, operates, and manages on-campus student accommodation for Higher Education Institutions and owns K-12 assets, operating its student housing portfolio under the ‘Good Host Spaces’ and ‘ScholarZ’ brands.</li>
<li>In this note, we talk about the company’s historical performance.</li>
</ul>



Elevate Campuses Limited (1638929D IN) is looking to raise about US$287m in its upcoming India IPO.
ECL owns, operates, and manages on-campus student accommodation for Higher Education Institutions and owns K-12 assets, operating its student housing portfolio under the ‘Good Host Spaces’ and ‘ScholarZ’ brands.
In this note, we talk about the company’s historical performance.


Aequitas: Elevate Campuses Pre-IPO-Dominant Education Infrastructure Platform at an Inflection Point

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, after a stellar listing for Montage, other listings during the week didn't do much.</li>
<li>On the placement front, we had a look at a few of the upcomng lockup expiries.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, after a stellar listing for Montage, other listings during the week didn't do much.
On the placement front, we had a look at a few of the upcomng lockup expiries.


Aequitas ECM Weekly (16 February 2026)- Montage, Axera, Wuxi Lead, Woer, Top Toy, Anker, PhonePe

Tekscend Photomask / Equity Capital Markets

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, India saw a host of listing, while HK is gearing up a busy year end.</li>
<li>On the placements front, we had a look at some of the IPO lockups. There weren't any large placements this week.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, India saw a host of listing, while HK is gearing up a busy year end.
On the placements front, we had a look at some of the IPO lockups. There weren't any large placements this week.


ECM Weekly (20 October 2025)- Sany, Seres, JST, Fibocom, Tekscend, FineToday, LG India, DIY, Duality

Akshat Shah

<ul>
<li>
<a href="https://www.smartkarma.com/entities/elevate-campuses-limited" target="_blank" data-smartkarma-citation="entities:45910:1" rel="noopener">Elevate Campuses Limited (1638929D IN)</a> is looking to raise about US$287m in its upcoming India IPO. The deal will be run by JM Fin, MS and IIFL.</li>
<li>Elevate Campuses Limited (ECL) owns, operates and manages on-campus student accommodation across Higher Education Institutions and owns K-12 (Kindergarten-to-12th grade) assets, operating under ‘Good Host Spaces’ and ‘ScholarZ’ brands.  </li>
<li>As of Aug 31, 2025, ECL was the largest institutionalized and independent education platform in India, based on student capacity, as per the CBRE Report.</li>
</ul>



Elevate Campuses Limited (1638929D IN) is looking to raise about US$287m in its upcoming India IPO. The deal will be run by JM Fin, MS and IIFL.
Elevate Campuses Limited (ECL) owns, operates and manages on-campus student accommodation across Higher Education Institutions and owns K-12 (Kindergarten-to-12th grade) assets, operating under ‘Good Host Spaces’ and ‘ScholarZ’ brands.  
As of Aug 31, 2025, ECL was the largest institutionalized and independent education platform in India, based on student capacity, as per the CBRE Report.


Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Elevate Campuses Limited (1638929D IN)

Aequitas: Elevate Campuses Pre-IPO-Dominant Education Infrastructure Platform at an Inflection Point

Elevate Campuses Ltd (ECL) is looking to raise about US$287m in its upcoming India IPO.It owns, operates and manages on-campus student...

Kajal Jain

Aequitas ECM Weekly (16 February 2026)- Montage, Axera, Wuxi Lead, Woer, Top Toy, Anker, PhonePe

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

ECM Weekly (20 October 2025)- Sany, Seres, JST, Fibocom, Tekscend, FineToday, LG India, DIY, Duality

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Elevate Campuses Pre-IPO Tearsheet

Elevate Campuses is looking to raise about US$287m in its upcoming India IPO. The deal will be run by JM Fin, MS and IIFL.

Akshat Shah

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)