LEAP India Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹151 – ₹159
- Lot size
- 94 shares
- Issue amount
- ₹2,480 cr
- Total subscription
- 8.82×
- Opens
- 7 Aug 2026
- Closes
- 11 Aug 2026
- Allotment
- 12 Aug 2026
- Listing
- 14 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 15,59,74,843 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,194
- Fresh issue
- ₹480 cr
- Offer for sale
- ₹2,000 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,946
- Issue type
- Bookbuilding IPO
- Shares before issue
- 41,03,47,780
- Shares after issue
- 44,05,36,459
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 94 | ₹14,946 |
| sHNI | 14 | 1,316 | ₹2,09,244 |
| bHNI | 67 | 6,298 | ₹10,01,382 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 5,80,465 | 8,81,552 |
| EMPLOYEES | 0 | 5,205 |
| HNIs(10L +) | 11,846 | 35,636 |
| HNIs (2-10L) | 5,923 | 63,891 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 495.75 | 8,790.25 |
| FIIs | 0 | 5,506.19 |
| FIs | 0 | 1,565.59 |
| Mutual Funds | 0 | 204.29 |
| Others | 0 | 1,514.17 |
| RETAIL | 867.56 | 1,563.32 |
| HNIs 2+ | 123.94 | 1,354.88 |
| HNIs 10+ | 247.88 | 3,592.94 |
| EMPLOYEES | 1.25 | 14.46 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 1.52 | 1 | 1.04 |
| ROE | 6.48 | 4.6 | 5.79 |
| ROCE | 19.06 | 18.01 | 20.33 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 104.61 | 0 | 0 |
| POST IPO(PE) | 111.97 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2013, LEAP India Ltd focuses on providing sustainable supply chain and asset-pooling solutions to businesses. The company offers services like equipment pooling, returnable packaging, inventory management, transportation, and repair and maintenance, catering to industries such as e-commerce, FMCG, automotive, food and beverage, logistics, and more. Its main offerings include pallets, containers, and material handling equipment, which help companies manage their supply chains more efficiently. In 2023, global investment firm KKR acquired a majority stake in the company, supporting its growth and expansion plans. LEAP India serves a wide range of clients across multiple sectors and continues to strengthen its position in the logistics space. As of March 31, 2025, the company had 366 permanent employees.
Strengths
- Operates in a High-Growth Industry: The company benefits from the increasing demand for palletization and the long-term growth of the supply chain asset pooling industry.
- Market Leader in Asset Pooling: It is India's largest on-demand supply chain asset pooling company, with a strong nationwide network for pallet and forklift pooling.
- Strong Customer Value Proposition: The company offers asset-light, standardized, and scalable pooling solutions that help customers reduce costs, improve efficiency, and build more sustainable supply chains.
Risk factors
- Customer Renewal Risk: The company relies on long-term customer contracts. Failure to renew existing contracts or secure additional business could impact revenue and profitability.
- Technology Infrastructure Risk: System failures, IT disruptions, or cybersecurity incidents could affect business operations and overall performance.
- Asset Loss Risk: Loss, damage, or poor management of pooled assets such as pallets and crates may increase replacement costs and impact financial performance.
Promoters
Sunu Mathew
Vertical Holdings II Pte. Ltd.
Registrar & documents
Lead manager
Jm Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited, Ubs Securities India Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
4th Floor Commerz, International Business Park Oberoi Garden Off Western Express Highway, Goregaon, Maharashtra, 400063
+91 22 6958 8700
[email protected]Company website ↗Understanding LEAPIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.