Funding
Elevate Campuses raises ₹945 crore from anchors
By Startup Enthusiast ·
- Date
- Company
- Elevate Campuses
- What it does
- Student housing platform
- Kind
- Funding
- Amount
- ₹945 Cr
- Stage
- Anchor round
- Based in
- Mumbai
- Founded
- 2005
What they do
Forty large institutions bought 2.61 crore shares at the top price of ₹362 a day before the public issue opened
What happened
Mutual funds including SBI, HDFC AMC and WhiteOak took shares worth about ₹600 crore across 24 schemes
Why it matters
Global names such as Citigroup, BofA Securities, Societe Generale and Norway's pension fund also got allocations
The details
- Elevate closed its anchor round on 22 September 2026, before its IPO opened.
- 40 investors took 2.61 crore shares at ₹362 each.
- Domestic mutual funds put in about ₹600 crore.
- Funds will repay debt and buy new campuses.
Investors
More on Elevate Campuses
- Elevate Campuses lists at slight discount on NSE30 September 2026 · IPO · ₹2,100 Cr
- Elevate Campuses plans Rs 2,550 crore IPO in August23 July 2026 · IPO · Rs 2,550 crore
- Elevate Campuses gets Sebi nod for ₹2,550 crore IPO9 February 2026 · IPO · ₹2,550 crore
- Elevate Campuses files draft papers for IPO29 September 2025 · IPO · ₹2,550 Cr
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