LEAP India IPO

LEAP India IPO is priced at ₹151–₹159 per share with an issue size of ₹2480 crore. The IPO opens on Aug 7, 2026 and closes on Aug 11, 2026, with a lot size of 94 shares and a minimum investment of ₹14,946.

LEAP India Limited IPO

Mainboard Live
₹14,946 (94 Shares)
Minimum Investment
Apply
IPO Dates
Aug 7, 2026 – Aug 11, 2026
Price band
₹151-159 per equity share
Minimum Investment
₹14,946
Issue size
₹2480 Cr
Lot size
94
Allotment Date
Aug 12, 2026
Listing
Aug 14, 2026
Listing At
BSE, NSE

IPO timeline

  1. Aug 7, 2026

    Open Date

    Completed

  2. Aug 11, 2026

    Close Date

    Upcoming

  3. Aug 12, 2026

    Allotment Date

    Upcoming

  4. Aug 14, 2026

    Listing Date

    Upcoming

Unofficial pre-listing indicator

LEAP India IPO Latest Available GMP: ₹12

LEAP India IPO GMP history

LEAP India IPO latest available GMP is ₹12 per share (a 8% premium over the ₹159 upper price band), last recorded on 7 Aug 2026, 6:30 PM IST. The indicative listing price is ₹171 (₹159 upper price band + ₹12 GMP).

GMP
₹12
GMP percentage
8%
Upper price band
₹159
Indicative listing price
₹171

During the recorded period, LEAP India IPO GMP ranged from ₹3 to ₹16. The latest GMP is ₹12.

LEAP India IPO GMP trend (day-wise) 30 observations
Day-wise recorded GMP observations for LEAP India IPO
Date & time GMP Change GMP % Indicative price
₹12 ₹0 8% ₹171
₹12 +₹2 8% ₹171
₹10 −₹3 6% ₹169
₹13 −₹2 8% ₹172
₹15 −₹1 9% ₹174
₹16 ₹0 10% ₹175
₹16 ₹0 10% ₹175
₹16 +₹2 10% ₹175
₹14 +₹2 9% ₹173
₹12 ₹0 8% ₹171

LEAP India IPO Live Subscription Details

View Subscription Details
Qualified Institutional Buyers (QIBs) 0.64x
Retail Individual Investors (RIIs) 0.14x
Non-Institutional Investors (NIIs) 0.12x
bHNI (>10 Lakhs) 0.09x
sHNI (2-10 Lakhs) 0.17x
Retail 0.14x
Employee 1.13x
Total 0.28x

LEAP India IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

LEAP India IPO Essentials

LEAP India IPO Details

LEAP India IPO is priced at ₹151-159 per share with a total issue size of 2480 crore. The IPO has a lot size of 94 shares and will be listed on BSE and NSE.

Issue price
₹151-159 per equity share
Lot size
94 shares
Face value
₹1 Per Equity Share
Issue size
₹2480 Crores
Total issue size
15,59,74,842 shares
(aggregating up to ₹2480 crore)
Fresh issue
3,01,88,679 shares
(aggregating up to ₹480 crore)
Offer for sale (OFS)
12,57,86,163 shares
(aggregating up to ₹2000 crore)
Retail Portion
35%
Listing at
BSE, NSE
Listing date
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager
JM Financial Ltd., Avendus Capital Pvt.Ltd., IIFL Capital Services Ltd., UBS Securities India Pvt.Ltd.

Market Lot Size

Investors can bid for a minimum of 94 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 94 ₹14,946
Retail(max) 13 1,222 ₹1,94,298
sHNI(min) 14 1,316 ₹2,09,244
sHNI(max) 66 6,204 ₹9,86,436
bHNI(min) 67 6,298 ₹10,01,382

LEAP India IPO Documents

LEAP India IPO Reservation

LEAP India IPO reservation details show category-wise allocation of shares. Out of the total 155974842 shares, approximately 19.99% are reserved for QIB, 14.99% for NII, 34.98% for retail investors, 0.05% for employees, and 29.98% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 46768854 (29.98%)
QIB Shares Offered 31179259 (19.99%)
NII (HNI) Shares Offered 23384434 (14.99%)
bHNI > ₹10L 15589623 (10%) 11,846
sHNI < ₹10L 7794811 (5%) 5923
Retail Shares Offered 54563679 (34.98%) 5,80,465
Employee Shares Offered 78616 (0.05%)
Total Shares Offered 155974842 (100%)

LEAP India IPO Analytics

LEAP India IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

LEAP India IPO Subscription Status

LEAP India IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 0.28x, indicating low demand across investor categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 3,11,79,259
2,33,84,434
1,55,89,623
77,94,811
5,45,63,679 10,92,05,988
Day 1 07-08-26 05:00 PM
0.64 x
0.12x
0.09x
0.17x
0.14 x 0.28 x

LEAP India Valuations

Earnings

EPS Pre IPO
₹1.52/-
EPS Post IPO
₹1.42/-
P/E Pre IPO
104.61
P/E Post IPO
111.97

Returns

ROE
6.48%
ROCE
19.06%
RoNW
6.19%
PAT Margin
8.34%

Fundamentals

Debt / Equity
1.01
Price / Book
6.48
Market Cap
₹7,004.53 Cr.

Data sourced from DRHP / RHP • For educational purposes only

LEAP India Financials( In Crs.)

31-Mar-26 31-Mar-25 31-Mar-24
Assets 2,401.05 2,042.46 1,400.28
Revenue 747.36 485.03 371.94
Profit After Tax 62.34 37.56 37.17
Net Worth 1,006.33 917.35 714.18
Reserves & Surplus 678.78 606.09 521.84
Total Borrowing 1,017.73 801.66 513.07

LEAP India Company & Offer Insights

About LEAP India

LEAP India Ltd was incorporated in 2013 as an entity that provides sustainable supply chain and asset pooling solutions.These services include asset pooling, returnable packaging, inventory, transportation, repair and maintenance in various industries, such as e-commerce, FMCG, automotive, consumer durables, etc.

KKR invested in LEAP India by buying a majority stake in the company in 2023 in line with its Asia infrastructure strategy.Customers of LEAP India Ltd come from many different industries, among which are fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive, industrials, and others.

Products:
Pallets
Containers
Material handling equipment (MHE)

As of March 31, 2025, LEAP India Ltd employed 366 people permanently.

LEAP India Promoter(s)

Sunu Mathew, Vertical Holdings II Pte.Ltd. are the company's promoters of LEAP India.

LEAP India IPO Issue Objectives

Repayment / prepayment, in full or in part, of certain borrowings availed by the Company - ₹360.0 Cr
General corporate purposes

LEAP India IPO - Anchor Investors

LEAP India Limited finalised its anchor investor allocation on August 6, 2026, raising ₹743.62 crore from 32 institutional investors at an anchor price of ₹159 per share.

The anchor book comprises 4,67,68,854 equity shares allocated across domestic mutual funds, a life insurance company, foreign portfolio investors, and an alternative investment fund. Domestic mutual funds received 33.34% of the anchor allocation through 6 fund houses across 15 schemes, including Axis Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, JM Financial Mutual Fund, ITI Mutual Fund, and Groww Mutual Fund.

Aditya Birla Sun Life Insurance Company Limited received 6.72% as the sole life insurance participant. Leading foreign institutional investors include Smallcap World Fund, Inc. at 21.51%, Government Pension Fund Global at 6.37%, The Prudential Assurance Company Limited and Amundi Funds New Silk Road each at 4.30%, and Monetary Authority of Singapore at 7.39%.

LEAP India IPO - Strengths and Risks

LEAP India IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Operates in a High-Growth Market: Leverages the increasing popularity of palletization and future growth of the asset pooling supply chain market.
Market Leader in Asset Pooling: Leading on-demand pooling company in India with a national presence and leading in pallet and forklift pooling.
Strong Value Proposition to Customers: Offers customers asset-light, standardized, and scalable solutions that can lower costs and make supply chains more efficient.

Risks

Renewal Risk: Relying on long-term agreements with customers. Failure to secure new deals and service expansions with existing clients can have an adverse effect on revenue and profitability.
Infrastructure Risk: Disruptions to, failures of, or cybersecurity threats related to the technology infrastructure used can harm operations and business performance.
Loss of Pooled Assets Risk: Loss, damage, or poor control of pooled items like pallets and crates can increase the cost of replacement and hurt financial performance.

Contact Information

Contact Details

LEAP India

+91 22 6958 8700

compliance@leapindia.net

https://www.leapindia.net

14th Floor Commerz, International Business Park Oberoi Garden Off Western Express Highway Goregaon, Maharashtra - 400063.

Registrar Contact Details

Frequently Asked Questions

Click any question to reveal the answer

LEAP India IPO is a book-built IPO worth ₹2480 crore. The price band is ₹151–₹159 per share. The IPO opens on Aug 7, 2026 and closes on Aug 11, 2026. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.

The price band of LEAP India IPO is ₹151 to ₹159 per share.

The lot size of LEAP India IPO is 94 shares.

The minimum investment for LEAP India IPO is approximately ₹14,946 based on the upper price band .

LEAP India IPO opens on Aug 7, 2026 and closes on Aug 11, 2026.

The allotment date of LEAP India IPO is Aug 12, 2026.

LEAP India IPO is expected to be listed on Aug 14, 2026, on BSE and NSE .

LEAP India IPO latest available GMP is ₹12 per share (a 8% premium over the ₹159 upper price band), last recorded on 7 Aug 2026, 6:30 PM IST. The indicative listing price is ₹171 (₹159 upper price band + ₹12 GMP).

LEAP India IPO valuation snapshot: P/E 111.97, EPS ₹1.42/-, P/B 6.48, RoNW 6.19%, and market cap ₹7,004.53 Cr.

To apply for LEAP India IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of LEAP India IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for LEAP India IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check LEAP India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the LEAP India IPO allotment status on IPO Ji for quick and easy access.

UPI mandates for IPO bids placed after 5:00 PM will be received after 10:00 AM on the next working day.
LEAP India Limited IPO
LEAP India

Offer Date

Aug 07 - Aug 11, 2026

Offer Price

₹ 151-159

Lot Size

94


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