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IPO details · Updated

LEAP India Limited

ClosedMainboardNSE: LEAPINDBSE: 544865
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Price Band
₹151 – ₹159
Lot Size
94 shares
Min. Investment
₹14,946
Issue Size
₹2,480 Cr
Offer Dates
7 Aug – 11 Aug 2026
Listing
14 Aug 2026

Issue Details

Full details →
Total Issue Size
₹2,480 Cr
15,59,74,840 shares
Fresh Issue
₹480 Cr
3,01,88,678 shares
Offer for Sale
₹2,000 Cr
12,57,86,162 shares
Face Value
₹1 per share
Issue Type
Book-built IPO
Listing At
BSE, NSE
Shares Pre-Issue
41,03,47,780
Shares Post-Issue
44,05,36,458

IPO Timeline

  1. Offer opens

    7 Aug 2026

  2. Offer closes

    11 Aug 2026

  3. Allotment

    12 Aug 2026

  4. Listing

    14 Aug 2026

Issue Allocation

Share of the offer reserved for each investor category

  • Anchor30.0%4,67,68,854 shares
  • QIB20.0%3,11,79,257 shares
  • HNI15.0%2,33,84,434 shares
  • Retail35.0%5,45,63,679 shares
  • Employee0.1%78,616 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
QIB3,11,79,25755,28,08,227
17.73x
NII2,33,84,43431,12,46,817
13.31x
Retail5,45,63,6799,87,60,259
1.81x
Employee78,6169,09,587
11.57x
Total10,92,05,98696,37,24,890
8.82x

Lot Size & Investment

1 lot = 94 shares

Retail (min)

1 lot · 94 shares

Retail (max)

13 lots · 1,222 shares

S-HNI (min)

14 lots · 1,316 shares

ApplicationLotsSharesAmount
Retail194₹14,946
Small HNI (S-HNI)141,316₹2,09,244
Big HNI (B-HNI)676,298₹10,01,382

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets2,401.052,042.461,400.28
Total Income747.36485.03371.94
Profit After Tax62.3437.5637.17
EBITDA378.83273.8209.92
Net Worth1,006.33917.35714.18
Reserves & Surplus678.78606.09521.84
Total Borrowing1,017.73801.66513.07

Key Performance Indicators

Key performance indicators
PeriodMar-26
RoNW (%)6.19
EPS (₹)1.52
P/E (pre-issue)104.61
P/E (post-issue)111.97

About LEAP India Limited

Incorporated in 2013, LEAP India Ltd specializes in sustainable supply chain and asset-pooling solutions. It offers services including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance across industries like e-commerce, FMCG, automotive, and consumer durables. Global investment firm KKR acquired a majority stake in LEAP India in 2023 , aligning with its Asia infrastructure strategy Offerings: Pallets: Durable, recyclable wooden pallets with up to 5-ton load capacity for efficient storage, handling, and transportation. Containers: Reusable, foldable, and stackable containers designed for safe storage, material handling, and supply chain operations. Material Handling Equipment (MHE): Industrial equipment, including forklifts, for efficient lifting, moving, loading, and stacking of materials. Articulated Forklifts: Compact forklifts designed for narrow aisles, improving warehouse space utilization and pallet handling. VNA (Very Narrow Aisle) Forklifts: Specialized forklifts for high-density warehouses, enabling efficient operations in ultra-narrow aisles and high-rack storage. The company serve a diverse customer base spanning sectors such as fastmoving consumer goods (“FMCG”), food and beverage (“F&B”), third-party logistics (“3PL”), e-commerce and quick commerce, automotive, industrials and others. The company incorporated ESG considerations into the business by focusing on responsible sourcing and product design that supports sustainability. The company established partnerships with more than 1,000 customers as of March 31, 2026, including with blue-chip companies across various industries. The customer list includes reputed companies such as Hindustan Coca-Cola Beverages Private Limited, Marico Limited, Toll (India) Logistics Private Limited, Daikin Airconditioning India Private Limited, Panasonic Life Solutions India Private Limited, among others. As of March 31, 2026, the company had 419 permanent employees and 2,062 MHE operators. Competitve Strengths: Industry with multi-decadal and rapid growth story Largest on-demand supply chain asset pooling company, in an industry with high barriers to entry Trusted supply chain partner equipped to meet evolving customer needs with a focus on quality and sustainability Highly resilient business model with a blue-chip customer base across high growth sectors

Objects of the Issue

  • Repayment / prepayment, in full or in part, of certain borrowings availed by the Company (₹360.00 Cr)
  • General Corporate Purposes (₹98.29 Cr)
  • Issue Expenses (₹112.19 Cr)

Promoters

  • <p>Sunu Mathew
  • Vertical Holdings II Pte.Ltd.</p>

Company Information

Book running lead managers
  • JM Financial Ltd.
  • Avendus Capital Pvt.Ltd.
  • IIFL Capital Services Ltd.
  • UBS Securities India Pvt.Ltd.
Registered office
14th Floor, Commerz, International Business Park Oberoi Garden, Off Western Express Highway,, Goregaon, Maharashtra, 400063

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.