LEAP India IPO: Share Price Set for Debut Amidst Strong Investor Demand
LEAP India's Rs 2,480-crore IPO will list on August 14 with shares commanding an approximate 8% grey market premium. The issue was heavily oversubscribed across investor categories.
Key takeaways
- LEAP India's Rs 2,480-crore IPO is scheduled to list on August 14.
- The shares had a grey market premium of approximately 8% ahead of the listing.
- The IPO was subscribed 8.38 times overall, with strong interest from institutional investors.
- Proceeds will be used for debt repayment and general corporate purposes to support expansion.
- LEAP India reported a 54% year-on-year increase in total income for FY2026.
LEAP India is scheduled to commence trading on the stock market on August 14, following an initial public offering valued at Rs 2,480 crore. Ahead of its debut, the company's shares were noted to have a grey market premium of approximately 8%, suggesting positive investor sentiment for the listing.
The public issue, which accepted subscriptions from August 7 to August 11, experienced significant demand, with overall subscriptions reaching 8.38 times the offered amount. Qualified institutional buyers showed the highest interest, subscribing 16.84 times their allocated portion, followed by non-institutional investors at 12.64 times. The retail investor segment was subscribed 1.71 times.
The IPO comprised a fresh issuance of 3.02 crore equity shares totaling Rs 480 crore, alongside an offer for sale of 12.58 crore shares valued at approximately Rs 2,000 crore. The price for the IPO shares was established within a range of Rs 151 to Rs 159 per share.
LEAP India, a provider of asset-pooling and logistics infrastructure solutions backed by global investment firm KKR, intends to use the funds raised to enhance its financial standing and support future growth initiatives. A substantial portion, around Rs 360 crore, is designated for repaying or prepaying existing borrowings. The remaining capital will be directed towards general corporate activities, aiming to bolster operational capabilities and pursue strategic expansion opportunities.
Established in 2013, LEAP India operates within the sustainable supply chain and logistics infrastructure sector, offering reusable packaging and equipment pooling services. The company provides a range of services including inventory management, transportation, and maintenance support, aiming to improve supply chain efficiency for businesses across various industries like FMCG, e-commerce, and automotive.
In the financial year ending March 31, 2026, LEAP India reported a total income of Rs 747.36 crore, a 54% increase from Rs 485.03 crore in the prior year. Profit After Tax also saw a notable rise, growing by 66% to Rs 62.34 crore from Rs 37.56 crore in FY2025.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
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