IPO
Elevate Campuses files draft papers for IPO
By Startup Enthusiast ·
- Date
- Company
- Elevate Campuses
- What it does
- Student housing platform
- Kind
- IPO
- Amount
- ₹2,550 Cr
- Stage
- IPO filing
- Based in
- Mumbai
- Founded
- 2005
What they do
The company sent its draft offer document to the market regulator, planning an entirely fresh share issue worth ₹2,550 crore
What happened
Money raised would pay for buying school assets, repaying debt and expanding its on-campus student housing business across India
Why it matters
It is controlled by funds of Singapore-based Hillhouse through its promoter Genius Bidco, and calls itself India's largest independent student housing platform
The details
- Elevate filed its draft red herring prospectus (the draft IPO document) in late September 2025.
- The issue is entirely fresh shares, so no existing holder sells.
- Proceeds target school acquisitions, debt repayment and growth.
- Hillhouse funds control the company through Genius Bidco.
The deal
- Type
- Fresh issue
- Size
- ₹2,550 crore
More on Elevate Campuses
- Elevate Campuses lists at slight discount on NSE30 September 2026 · IPO · ₹2,100 Cr
- Elevate Campuses raises ₹945 crore from anchors22 September 2026 · Funding · ₹945 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