Leverage Edu Prepares for ₹2,000-3,000 Crore IPO, Begins Bankers Discussions

Leverage Edu is in early discussions with investment bankers for a potential Initial Public Offering (IPO), according to Inc42 reports. Both Indian and overseas banks have been approached as part of the process. 

The company is considering a listing over the next 12 to 18 months. Details are still being worked out and may change as discussions progress. 

Issue Size and Structure 

As per the report, the proposed public issue is expected to raise between ₹2,000 crore and ₹3,000 crore. It is likely to include a mix of fresh equity issuance and an offer for sale (OFS) by existing shareholders. 

The exact split between the 2 components has not been finalised. Internal discussions are ongoing, and no formal mandate has been announced so far. 

Valuation and Investors 

Bankers involved in the discussions are indicating a potential valuation of over $900 million. Comparisons are being drawn with listed internet platforms such as Zomato and ixigo. 

The company has raised about $73 million to date from investors including Blume Ventures, DSG Consumer Partners, and Kaizenvest. 

Leverage Edu Business and Expansion 

Founded in 2017 by Akshay Chaturvedi, the company helps students apply to universities abroad. It also runs test preparation services through IELTS and TOEFL-focused platforms. 

Over time, it has expanded into adjacent services linked to the study abroad journey. These additional segments contribute roughly 25% to 33% of total revenue. 

Leverage Edu Financial Performance 

Leverage Edu reported revenue of ₹375 crore in FY26, compared with ₹173 crore in FY25, showing a 112% increase. The company also stated that it turned EBITDA positive during the year. 

Its user base crossed 1.75 lakh, with more than 55,000 additions over the past year. A portion of revenue came from newer services such as financial assistance, accommodation, and travel. 

Read More: Upcoming IPO: Zepto Secured Approval from SEBI to Raise Upto $1.3 Billion! 

Conclusion 

Leverage Edu’s listing plans are still under discussion, with no final decisions on issue size or timeline. The process is expected to evolve in the coming months. 

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