• IPO details: Elevate Campuses has set a price band of ₹343 to ₹362 per share for its ₹2,100 crore all-fresh equity issue, targeting a market capitalization of ₹6,100 crore.
• Revenue breakdown: Of the company's ₹807 crore revenue base, the student accommodation business contributes 55% at the EBITDA level while the K-12 schools vertical contributes 45%, delivering a blended EBITDA margin of 78%.
• Debt repayment: The company will deploy ₹750 crore from the IPO proceeds to reduce its current debt of approximately ₹3,400 crore down to ₹2,600–₹2,700 crore.
• Leverage and profitability: Post-repayment debt-to-EBITDA is expected to decline from 6–7x to about 5x (and closer to 4x including forward EBITDA growth), lowering interest expenses and supporting expansion in net profit margins from the current ~20% range.