LEAP India IPO
GMP, Subscription, Price, Dates & Financial Details
Business Support
Incorporated in 2013, LEAP India Limited is one of India's leading providers of sustainable supply chain and asset-pooling solutions. The company offers a comprehensive range of services, including equipment pooling, returnable packaging, inventory management, transportation, and repair &…
Open Date
Fri, 07 Aug 2026
Close Date
Tue, 11 Aug 2026
Price Band
₹ 151 – 159
Lot Size
94
Issue Size
₹ 2,480.00 Cr
Minimum Investment
₹ 14,946 (94 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
LEAP India IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,480 Crore, comprising a fresh issue of 3.02 Crore equity shares aggregating to ₹480.00 Crore and an offer for sale (OFS) of 12.58 Crore equity shares aggregating to ₹2,000.00 Crore by the existing shareholders.
The LEAP India IPO remained open for subscription from August 07, 2026, to August 11, 2026. The basis of allotment was finalized on August 12, 2026, and the company's shares were listed on the NSE and BSE on August 14, 2026.
The company had fixed the price band at ₹151 to ₹159 per share, with a lot size of 94 shares. Retail investors were required to make a minimum investment of ₹14,946 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. IIFL Capital Services Limited, Avendus Capital Private Limited, JM Financial Limited, and UBS Securities India Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, LEAP India Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
LEAP India IPO Timeline (Tentative)
- IPO Open Date
- Fri, 07 Aug 26
- IPO Close Date
- Tue, 11 Aug 26
- Basis of Allotment
- Wed, 12 Aug 26
- Initiation of Refunds
- Thu, 13 Aug 26
- Credit of Shares to Demat
- Thu, 13 Aug 26
- Listing Date
- Fri, 14 Aug 26 — NSE & BSE
Open Date
07 August 2026
Close Date
11 August 2026
Basis Of Allotment
12 August 2026
Listing Date
14 August 2026
IPO Subscription
Check Live Subscription →The LEAP India IPO has received bids for 96,32,60,770 shares against 11,49,91,735 shares offered, resulting in an overall subscription of 8.38x. the NII category is subscribed 12.64x, Retail Investors 1.71x, Employees 10.99x, and QIBs 16.84x. Within the NII category, BNII is subscribed 13.77x, while SNII is subscribed 10.38x.
QIB
16.84x
NII
12.64x
BNII
13.77x
SNII
10.38x
RII
1.71x
EMP
10.99x
Total
8.38x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 5,45,63,679 shares, representing 34.98% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,11,79,259 shares (19.99%), while Non-Institutional Investors (NIIs) receive 2,33,84,434 shares (14.99%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 46,768,854 | 29.98% |
| Qualified Institutions | 31,179,259 | 19.99% |
| Non-Institutional | 23,384,434 | 14.99% |
| BNII | 15,589,623 | 9.99% |
| SNII | 7,794,811 | 5% |
| Retail Investors | 54,563,679 | 34.98% |
| Employees | 78,616 | 0.05% |
| Total | 155,974,842 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2401.05 | 2042.46 | 1400.28 |
| Revenue | 747.36 | 485.03 | 371.94 |
| Profit After Tax | 62.34 | 37.56 | 37.17 |
| Net Worth | 1006.33 | 917.35 | 714.18 |
| Reserve & Surplus | 678.78 | 606.09 | 521.84 |
| Total Borrowings | 1017.73 | 801.66 | 513.07 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
LEAP India Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 6.48 | 4.6 | 5.79 |
| ROCE % | 19.06 | 18.01 | 20.33 |
| Debt / Equity | 1.01 | 0.87 | 0.72 |
| RoNW % | 6.19 | 4.09 | 5.21 |
| Pat Margin % | 8.34 | 7.74 | 9.99 |
Peers Comparison
No Peer Comparision Available
About LEAP India Limited
Incorporated in 2013, LEAP India Limited is one of India's leading providers of sustainable supply chain and asset-pooling solutions. The company offers a comprehensive range of services, including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance, helping businesses optimize supply chain efficiency while reducing costs and environmental impact.
In 2023, global investment firm KKR acquired a majority stake in LEAP India as part of its Asia infrastructure strategy, further strengthening the company's growth prospects and market position.
Products and Solutions
LEAP India provides a broad portfolio of supply chain and material handling solutions, including:
- Pallets: Durable and recyclable wooden pallets with a load-bearing capacity of up to 5 tons, designed for efficient storage, handling, and transportation of goods.
- Containers: Reusable, foldable, and stackable containers that enable safe storage, material handling, and streamlined supply chain operations.
- Material Handling Equipment (MHE): A wide range of industrial equipment, including forklifts, used for lifting, moving, loading, unloading, and stacking materials efficiently.
- Articulated Forklifts: Compact forklifts designed to operate in narrow warehouse aisles, improving storage density and warehouse space utilization.
- Very Narrow Aisle (VNA) Forklifts: Specialized forklifts engineered for high-density warehouses, allowing efficient operations in ultra-narrow aisles and high-rack storage environments.
Customer Base and Industry Presence
LEAP India serves a diversified customer base across multiple industries, including:
- Fast-Moving Consumer Goods (FMCG)
- Food & Beverage (F&B)
- Third-Party Logistics (3PL)
- E-commerce and Quick Commerce
- Automotive
- Industrial Manufacturing
- Consumer Durables
As of March 31, 2026, the company had established partnerships with more than 1,000 customers, including several leading blue-chip companies. Its customer portfolio includes prominent organizations such as Hindustan Coca-Cola Beverages Private Limited, Marico Limited, Toll (India) Logistics Private Limited, Daikin Airconditioning India Private Limited, and Panasonic Life Solutions India Private Limited, among others.
Sustainability and ESG
Sustainability is a core component of LEAP India's business model. The company integrates Environmental, Social, and Governance (ESG) principles into its operations by emphasizing responsible sourcing practices and designing reusable, returnable, and recyclable products that promote circular supply chains and reduce environmental impact.
Workforce
As of March 31, 2026, LEAP India employed 419 permanent employees and 2,062 Material Handling Equipment (MHE) operators, supporting its nationwide operations and customer service network.
LEAP India IPO Promoters
- Sunu Mathew
- Vertical Holdings II Pte. Ltd.
Promoters Holding
Holding Pre Issue
90.04%
Holding Post Issue
55.43%
LEAP India IPO Objective
The Company LEAP India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment / prepayment, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
LEAP India Limited Address / Contact Details
LEAP India Ltd.
14th Floor
Commerz, International Business Park Oberoi Garden
Off Western Express Highway,
Goregaon, Maharashtra, 400063
Phone: +91 22 6958 8700
Email: compliance@leapindia.net
Website: http://www.leapindia.net/
IPO Snapshot
LEAP India IPO Lot Size
The LEAP India IPO has a lot size of 94 shares. Retail investors require a minimum investment of ₹14,946 by applying for 1 lot (94 shares). The maximum application allowed for the retail category is 13 lots (1,222 shares), requiring an investment of ₹1,94,298.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 94 | 14,946.00 |
| Retail (Max) | 13 | 1,222 | 194,298.00 |
| S-HNI (Min) | 14 | 1,316 | 209,244.00 |
| S-HNI (Max) | 66 | 6,204 | 986,436.00 |
| B-HNI (Min) | 67 | 6,298 | 1,001,382.00 |
Issue Reservation
- Anchor Investors — 29.98%
- QIB — 19.99%
- NII — 14.99%
- RII — 34.98%
- EMP — 0.05%
Book Running Lead Managers
- IIFL Capital Services Limited
- Avendus Capital Private Limited
- JM Financial Limited
- UBS Securities India Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the LEAP India IPO?
LEAP India IPO is a Book-building IPO with a total issue size of ₹2480 crore. The LEAP India IPO price band is ₹151 to 159 per share. The LEAP India IPO subscription opens on Fri, Aug 7, 2026, and closes on Tue, Aug 11, 2026. The LEAP India IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the LEAP India IPO.
When will the LEAP India IPO open for subscription?
The LEAP India IPO opens on Fri, Aug 7, 2026 and closes on Tue, Aug 11, 2026
What is LEAP India IPO Price Band?
LEAP India IPO Price Band is ₹151 to 159 per share.
What is LEAP India IPO Lot Size?
LEAP India IPO lot size is 94 shares, Retail investors need a minimum investment of ₹14946 based on the upper price band
What is the minimum investment for LEAP India IPO?
The minimum investment for LEAP India IPO is ₹14946, based on one lot of 94 shares at the upper price band of ₹159 per share.
How to apply for LEAP India IPO?
Investors can apply for the LEAP India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Aug 11, 2026. The application amount remains blocked until the LEAP India IPO allotment is finalized.
What is LEAP India IPO Issue Size?
LEAP India IPO issue size is ₹2480 crores.
What is the LEAP India IPO Allotment Date?
LEAP India IPO allotment date is Wed, Aug 12, 2026.
Who is the LEAP India IPO Registrar?
The registrar for LEAP India IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check LEAP India IPO allotment status, refund processing, and other IPO-related information.
What is the LEAP India IPO GMP?
The LEAP India IPO GMP (Grey Market Premium) is ₹4 as of Mon, Aug 3, 2026. Based on the upper price band of ₹159 per share, the estimated LEAP India IPO listing price is ₹163, indicating a potential listing gain of approximately 2.52% over the issue price.
Who is the LEAP India IPO Lead Manager?
The book-running lead managers (BRLMs) for the LEAP India IPO are Avendus Capital Private Limited, JM Financial Limited, and UBS Securities India Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the LEAP India IPO Red Herring Prospectus (RHP).