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Elevate Campuses IPO: ₹2,100‑Crore Issue Targets Debt Cut to 5× | AirNews.in

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NSE IPO: Shareholders Hold Steady, ₹22,569-Crore Issue Nearly 2x LIC's 2022 Raise Elevate Campuses IPO: ₹2,100‑Crore Issue Targets Debt Cut to 5×Maharashtra Scooters Leads Ex-Dividend Week with ₹160 Per Share Nifty Gains 75 Points, Ends Week 0.22% Lower Amid Geopolitics S&P 500 Climbs 27.6% in Trump 2.0, Below First Term Welspun's Arm Bags ₹351 Crore in AMC Sewer Orders, Stock Jumps 5.7%Indian Oil Corp Shares Rise 1.3% to ₹136 Amid Viral ‘No-UPI Day’ Myth Lenskart Block Deal: ₹2,047 Crore Exit at ₹682 Floor Price Knowledge Marine Secures ₹279.33 Crore Green Tug Contract, Stocks Rise 1.9%Jaiprakash Power Ventures to Pay ₹511 Cr Settlement, Shares Climb 0.46%NSE IPO: Shareholders Hold Steady, ₹22,569-Crore Issue Nearly 2x LIC's 2022 Raise Elevate Campuses IPO: ₹2,100‑Crore Issue Targets Debt Cut to 5×Maharashtra Scooters Leads Ex-Dividend Week with ₹160 Per Share Nifty Gains 75 Points, Ends Week 0.22% Lower Amid Geopolitics S&P 500 Climbs 27.6% in Trump 2.0, Below First Term Welspun's Arm Bags ₹351 Crore in AMC Sewer Orders, Stock Jumps 5.7%Indian Oil Corp Shares Rise 1.3% to ₹136 Amid Viral ‘No-UPI Day’ Myth Lenskart Block Deal: ₹2,047 Crore Exit at ₹682 Floor Price Knowledge Marine Secures ₹279.33 Crore Green Tug Contract, Stocks Rise 1.9%Jaiprakash Power Ventures to Pay ₹511 Cr Settlement, Shares Climb 0.46%

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Elevate Campuses IPO: ₹2,100‑Crore Issue Targets Debt Cut to 5×

about 2 hours ago

Published: September 20, 2026

Elevate Campuses IPO: ₹2,100‑Crore Issue Targets Debt Cut to 5×

Elevate Campuses launches a ₹2,100‑crore IPO, pricing ₹343‑362 per share and earmarking ₹750 crore to slash debt from a 6‑7× to 5× debt‑to‑EBITDA ratio. The offering is set to open on Sept 23 and is expected to price near the upper band, with a listing slated for Oct 1.

₹2,100‑crore Elevate Campuses IPO opens September 23‑25, price band ₹343‑362, aims to raise ₹750 crore for debt reduction.

Current debt ₹3,400 crore, debt‑to‑EBITDA 6‑7×, target 5× after IPO, further to 4× by March 2027 thanks to EBITDA growth.

Other listings within this week: Varmora Granito ₹708 crore, A‑One Steels ₹405 crore, ArMee Infotech ₹300 crore, Swastika Infra ₹161 crore, Adroit Industries price band ₹126‑134, issue until Sep 25.

Investor demand for fresh equity remains high; price band suggests valuation above sector average of 12× EV/EBITDA for campus‑management firms.

Listing scheduled Oct 1, post‑listing cap projected ₹1,189.93 crore for ArMee; Elevate may see similar upside if IPO hits top of band.