India, April 8 -- Leverage Edu Preps For IPO Test

Leverage Edu is quietly preparing for the public markets. The edtech platform has initiated talks with both global and domestic investment bankers for a potential listing within 12-18 months. So, what does the study abroad platform's IPO stack look like?

The D-Street Test: Leverage Edu is looking to raise anywhere between Rs.2,000 Cr and Rs.3,000 Cr though its IPO. While the company is yet to take a call on the breakup between fresh issue of shares and OFS component, it is internally eyeing a valuation of $900 Mn (Rs.8,362 Cr).

Leveraging The Moat: Bankers are pitching the company's valuation alongside high-growth platforms like Zomato and ixigo. The rationale? Leverage Edu's diversifie...