Elevate Campuses Eyes Rs 2,550 Crore IPO Backed by Hillhouse Investment

Elevate Campuses, a fast-growing education infrastructure firm backed by global investment giant Hillhouse Investment, has filed its draft red herring prospectus (DRHP) with SEBI to launch a Rs 2,550 crore initial public offering. The IPO aims to tap India’s booming capital markets and expand the company’s footprint in the higher education and edtech sectors.

 

Key Highlights of the IPO Filing

 

The proposed IPO includes a fresh issue of shares worth Rs 1,500 crore and an offer-for-sale component of Rs 1,050 crore by existing shareholders

 

Hillhouse Investment, the lead backer, is expected to partially offload its stake through the OFS route

 

Proceeds from the fresh issue will be used to develop new campuses, upgrade digital infrastructure, and repay existing debt

 

The company plans to list on both NSE and BSE, with the offering expected to open in Q4 FY25 pending regulatory approvals

 

Lead managers for the issue include Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley India

 

Strategic Position and Market Outlook

 

Elevate Campuses operates over 20 integrated learning hubs across India, catering to engineering, management, and vocational streams

 

The firm has seen strong revenue growth driven by hybrid learning models and industry-academia partnerships

 

Analysts view the IPO as a litmus test for investor appetite in education-focused infrastructure amid rising demand for skill-based learning

 

This IPO marks a significant milestone in India’s education investment landscape.