{
  "id": 8178676,
  "title": "Elevate Campuses to launch ₹2,100-cr IPO on Sep 23",
  "url": "https://urgent.news/2026/09/18/elevate-campuses-to-launch-2-100-cr-ipo-on-sep-23",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:07:34.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/ipo-dashboard/elevate-campuses-to-launch-2100-cr-ipo-on-sep-23/article71479410.ece"
  },
  "original_language": "en",
  "account": "Elevate Campuses Ltd, a student accommodation and K-12 platform backed by Hillhouse Capital, is poised to launch a ₹2,100-crore initial public offering (IPO) on September 23. With shares priced in the ₹343-362 range, the company could be valued at over ₹6,100 crore at the upper end of the price band. The three-day public issue will conclude on September 25, with the company's shares expected to list on September 30. The IPO is comprised solely of a fresh issue of equity shares, devoid of any offer for sale (OFS) component, as outlined in the Red Herring Prospectus (RHP). The funds raised will be utilized for acquiring K-12 entities and campuses, repaying debt, and addressing general corporate needs. Elevate Campuses owns and operates on-campus student accommodation facilities in higher education institutions, while also managing K-12 education assets. The platform offers institutions integrated non-academic services, such as student housing, dining, safety, and campus operations, to create conducive learning environments and support students' overall development. The issue allocation is structured as follows: 75% for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. JM Financial, IIFL Capital Services, and Morgan Stanley India Company serve as the book-running lead managers, while KFin Technologies acts as the registrar.",
  "summary": "The Hillhouse Capital-backed student accommodation and K-12 platform is set to hit the primary market on September 23, with shares priced in the ₹343-362 range.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}