Leap India IPO
Leap India Limited
Minimum investment
Leap India IPO Details
Bidding date
07 Aug - 11 Aug 2026
Price range
₹151 - ₹159
Minimum quantity
94
Minimum investment
₹14,194
Issue size
₹2,480 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Leap India IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹2,480 Crore
Fresh Issue: 19% (₹480 Cr)
OFS: 81% (₹2,000 Cr)
Fresh Issue – ₹480 Crore
- Repayment / Prepayment, in full or in part, of certain borrowings availed by the Company - ₹360 Cr
Offer for Sale – ₹2,000 Crore
- Proceeds to Vertical Holdings II Pte. Ltd. (Promoter Selling Shareholder) - ₹1,998.62 Cr
- Proceeds to KIA EBT Scheme 3 (Promoter Group Selling Shareholder) - ₹1.38 Cr
Before Issue: 95.42%
After Issue: 68.43%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution (20% of Post-Issue Shareholding) | 3 Years from the Date of Allotment |
Promoters' Shareholding in Excess of 20% of Post-Issue Shareholding | 1 Year from the Date of Allotment |
Entire Pre-Issue Equity Share Capital (excluding exempt shares and OFS shares) | 6 Months from the Date of Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Leap India IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 0.61x |
Retail Individual Investor | 0.13x |
Non-Institutional Investor | 0.11x |
Others | - |
Total | 0.26x |
About Leap India IPO: Company Overview
LEAP India Ltd. was incorporated in 2013 and is one of India's leading supply chain asset pooling and logistics solutions companies. The company provides sustainable and technology-enabled services such as pallet pooling, reusable containers, material handling equipment (MHE), articulated forklifts, VNA forklifts, inventory management, transportation, and repair & maintenance services. Its business model helps companies reduce logistics costs while improving operational efficiency through shared supply chain assets.
The company serves more than 1,000 customers across industries including FMCG, food & beverage, e-commerce, quick commerce, third-party logistics (3PL), automotive, industrial manufacturing, and consumer durables. Its client portfolio includes well-known companies such as Hindustan Coca-Cola Beverages, Marico, Daikin, Panasonic, and Toll India Logistics. In 2023, global investment firm KKR acquired a majority stake in LEAP India, strengthening the company's long-term growth strategy and infrastructure expansion.
LEAP India follows an ESG-focused business approach by promoting reusable logistics assets, responsible sourcing, and sustainable supply chain practices. As of March 31, 2026, the company had 419 permanent employees along with more than 2,000 MHE operators supporting its nationwide operations. Financially, the company delivered strong growth in FY2026, with total income increasing to Rs. 747.36 crore and PAT rising to Rs. 62.34 crore.
Strengths & Risks of Leap India IPO
Market Leader in Asset Pooling: LEAP India is India's largest on-demand supply chain asset pooling company, operating in a niche industry with high entry barriers and strong long-term growth potential.
Diversified Customer Base: The company serves more than 1,000 customers across FMCG, e-commerce, logistics, automotive, industrial, and consumer durable sectors, reducing dependence on a single industry.
Strong Financial Performance: LEAP India reported healthy financial growth in FY2026, with significant increases in revenue, EBITDA, and profit after tax, reflecting improving operational efficiency.
Sustainable Business Model: Its reusable pallets, containers, and returnable packaging solutions support cost-efficient and environmentally sustainable supply chain operations.
Strong Institutional Backing: The company is backed by global investment firm KKR, which strengthens its financial position and supports long-term business expansion.
High Debt Levels: Despite the planned repayment, LEAP India continues to carry a sizeable borrowing burden, which could impact profitability if debt remains elevated.
Industry Demand Risk: Demand for the company's services is closely linked to manufacturing, logistics, and retail activity. Any slowdown in these sectors may affect business growth.
Customer Concentration: The company generates a significant portion of its revenue from corporate clients, making customer retention important for sustained performance.
Capital-Intensive Operations: The business requires continuous investment in pallets, containers, forklifts, and other logistics assets, leading to ongoing capital expenditure requirements.
Premium IPO Valuation: The IPO is offered at a relatively high earnings multiple, which may limit near-term valuation upside if future growth does not meet market expectations.
Leap India Financials: Revenue, Profit & EBITDA
747.36 Cr.
Mar'26
62.34 Cr.
Mar'26
378.83 Cr.
Mar'26
How to Apply for Leap India IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Leap India IPO Market Sentiment: See How Many Are Interested
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