New Delhi, Sept. 22 -- Elevate Campuses Ltd, which owns and manages student accommodation and owns school properties leased to education operators, is tapping the capital markets to fund growth amid mounting debt. The company's revenue and margins are rising, but its debt pile is growing faster. For investors in its Rs.2,100-crore initial public offering (IPO), the question is whether an expanding education infrastructure portfolio can generate enough income to improve returns and ease the financial strain.







Reported net profit more than quadrupled over the period to Rs.173.8 crore in FY26, with its net profit margin rising from 10.9% to 28.8%, helped by a one-off Rs.109.4 crore gain from the sale of a hostel undertaking.

Including...