Hill-house backed Elevate Campuses raises Rs 945-crore anchor book
Indian markets moved higher in an ipo & listings development.
· Economic Times Markets
Hillhouse-backed Elevate Campuses raised Rs 945 crore from 20 anchor investors, including major mutual funds and Norges. The amount represents 60% of its QIB allocation ahead of its Rs 2,100 crore IPO, which opens Wednesday and closes Friday.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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