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Elevate Campuses Soars: 20% Revenue Growth, IPO Fuels Expansion in Education Infrastructure
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CNBC TV18•23-09-2026, 15:51
Elevate Campuses Soars: 20% Revenue Growth, IPO Fuels Expansion in Education Infrastructure
- •Elevate Campuses achieved a 20% CAGR in revenue and 26% CAGR in EBITDA over three years, significantly outpacing contractual escalations.
- •The company, a pioneer in student accommodation, operates across student accommodation, schools, and an asset-light managed beds business.
- •Long-duration contracts (50-60 years for universities, up to 30 years for schools) provide stable, long-term revenue visibility.
- •Elevate's asset-light managed beds business is growing at 25% CAGR, mirroring the hospitality sector's model.
- •The ‘2,100 crore IPO will strengthen the balance sheet, acquire K-12 school assets, and repay ‘750 crore debt, reducing annual interest costs by ‘60 crore.
Key Questions Answered
The initial public offering for Elevate Campuses has been opened for public subscription at ₹2,100 crore.
The company plans to allocate ₹1,100 crore from the fresh issue to acquire K-12 school assets from the promoter group and use ₹750 crore to repay part of its existing debt.
Agreements with university partners generally run for 50 to 60 years, while contracts for schools can extend up to 30 years with roughly 15 years locked in.
