{
  "id": 8184655,
  "title": "Elevate Campuses Announces ₹2,100-Crore Initial Public Offering, Subscription To Open On September 23",
  "url": "https://urgent.news/2026/09/18/elevate-campuses-announces-2-100-crore-initial-public-offering",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:13:34.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/elevate-campuses-announces-2100-crore-initial-public-offering-subscription-to-open-on-september-23"
  },
  "original_language": "en",
  "account": "Mumbai: Financial services firm Hillhouse Capital has backed student accommodation and K-12 education platform Elevate Campuses Ltd as it prepares to launch its ₹2,100-crore initial public offering (IPO) on September 23. The company has set an IPO price band of ₹343 to ₹362 per equity share, which, if reached, would value the company at over ₹6,100 crore. The three-day subscription window for the IPO will close on September 25, with shares set to debut on the market on September 30.\n\nAccording to the Red Herring Prospectus, the IPO will be a fresh issue of equity shares only, with no offer-for-sale component allowing existing shareholders to sell their stakes through the public issue. Proceeds from the IPO will be used to acquire K-12 education entities and campuses, repay debt, and meet general corporate requirements. This capital infusion could enable Elevate Campuses to expand its education infrastructure and strengthen its financial position.\n\nCurrently, Elevate Campuses owns, operates, and manages on-campus student accommodation facilities for higher education institutions. Additionally, the company has a presence in the K-12 education segment, offering integrated non-academic services like student housing, dining, safety, and campus operations to improve the overall campus experience and support students' development. Qualified institutional buyers have been allocated 75% of the public issue, while non-institutional investors will receive 15%. The remaining 10% has been reserved for retail investors. Lead managers for the IPO include JM Financial, IIFL Capital Services, and Morgan Stanley India Company, with KFin Technologies serving as the issue's registrar.",
  "summary": "Mumbai: Elevate Campuses Ltd, a student accommodation and K-12 education platform backed by Hillhouse Capital, will launch its ₹2,100-crore initial public offering on September 23. The company has fixed the Elevate Campuses IPO price band at ₹343 to ₹362 per equity share. At the upper end of the range, the company is expected to command a valuation of more than ₹6,100 crore. The three-day IPO…",
  "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."
}