• IPO and listing: Elevate Campuses debuted at an approximate 2% discount following its ₹2,100 crore IPO, which was subscribed just under two times, with proceeds designated for debt repayment and promoter asset acquisitions.
• Capacity and financials: The company owns 22,000–23,000 beds and manages 55,000–56,000 beds across educational institutions, supported by a three-year revenue CAGR of 20% and EBITDA CAGR of 26%.
• Key expansion vectors: Growth will focus on scaling asset-light managed beds, tapping incoming international universities, and executing public-private partnerships, including a greenfield 1,800-plus bed project at IIT Chennai.
• Market and occupancy: Elevate Campuses currently operates at near 90% occupancy and aims to capture a larger share of India's estimated 2.5 million-bed on-campus accommodation market.