Evolve has forecast a loss of $9.5 million from revenue of $29 million in the period to March 2015, rising to a $16.6 million profit from revenue of $136.2 million in the 12 months to March 2016.
The company expects a net dividend yield of 4.69 per cent in the 2016 financial year, according to the prospectus.
Evolve said a significant portion of its revenue would come from government early childhood education funding.
"It is pleasing to have such strong investor support and to have secured the funds to make Evolve Education a reality," chairwoman Norah Barlow, the former chief executive of NZX-listed retirement village operator Summerset Group, said in a statement.
She said the company aspired to be a leading provider of early childhood education in New Zealand.
"The early childhood education sector represents an attractive investment opportunity," Barlow said. "Demand for childcare continues to strengthen year-on-year, driven by underlying trends, such as increasing female participation in the work force, rising household income levels and continued Government support."
Barlow said the "highly fragmented" nature of the childcare industry meant there was scope for Evolve to increase its scale through "selective acquisitions".
Evolve's management team is led by chief executive Alan Wham, the former boss of Pharmacybrands.
Lollipops Educare's Mark Finlay and other shareholders from that company will be issued shares as part of the acquisition of Lollipops and will retain a roughly 20 per cent shareholding in Evolve following the IPO.
Retail clients of participating brokers will be able to purchase shares through the broker firm offer, which opens on November 24 and closes on December 3.
Forsyth Barr and Goldman Sachs are managing the offer, which does not have a general public pool.
