Summary
LEAP India IPO is a ₹2,480 crore mainboard issue. It opens on 7 August 2026 and closes on 11 August 2026.
LEAP India provides asset pooling and technology-driven supply chain solutions, backed by a nationwide network, diversified customers, and steady financial growth.
The IPO is better suited for long-term investors. While grey market sentiment is subdued, the company operates in a sector with favourable growth prospects.
LEAP India is launching a ₹2,480 crore book-built IPO, comprising both a fresh issue and an offer for sale (OFS).
The IPO will remain open for subscription from 7 August to 11 August 2026. The allotment is expected to be finalised on 12 August, while the shares are likely to be listed on the NSE and BSE on 14 August 2026.
The price band for the issue has been fixed at ₹151–₹159 per share. Investors can apply for a minimum lot of 94 shares, requiring a minimum investment of ₹14,946 at the upper end of the price band.
LEAP India IPO Key Details
Given below is a concise summary of the LEAP India IPO’s key details:
| Bidding Opens | 7 August 2026 |
| Bidding Closes | 11 August 2026 |
| Face Value | ₹1 per share |
| Issue Type | Bookbuilding |
| Price Band | ₹151 to ₹159 |
| Issue Price | |
| Listing at | NSE, BSE |
| Lot Size | 94 Shares |
| Offer for Sale (OFS) | 12,57,86,163 shares (₹2,000 crore) |
| Fresh Issue | 3,01,88,679 shares (₹480 crore) |
| Total Issue | 15,59,74,842 shares (₹2,480 crore) |
| Minimum Investment | ₹14,946 |
LEAP India IPO Timeline
The key dates for the LEAP India IPO are listed in the following table:
| Bidding Opens | 7 August 2026 |
| Bidding Closes | 11 August 2026 |
| Allotment Planned For | 12 August 2026 |
| Refunds Start On | 13 August 2026 |
| Share Credit to Demat | 13 August 2026 |
| Listing Scheduled | 14 August 2026 |
| Cut-off for UPI mandate | 5:00 PM on 11 August 2026 |
LEAP India Key Performance Indicators (KPIs)
The table below outlines Leap India’s KPIs:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 6.48 | 4.60 | 5.79 |
| ROCE (%) | 19.06 | 18.01 | 20.33 |
| Debt-Equity (times) | 1.01 | 0.87 | 0.72 |
| RoNW (%) | 6.19 | 4.09 | 5.21 |
| PAT Margin (%) | 8.34 | 7.74 | 9.99 |
| EBITDA Margin (%) | 50.69 | 56.45 | 56.44 |
| Price Book Value | 6.48 |
LEAP India Financials
Below is an overview of LEAP India’s financial metrics:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 24,010.46 | 20,424.59 | 14,002.76 |
| Revenue | 7,473.55 | 4,850.31 | 3,719.44 |
| Profit After Tax | 623.41 | 375.58 | 371.74 |
(Amount in ₹ million)
LEAP India IPO Subscription Status
Since the LEAP India IPO has not opened for subscription yet, live subscription data is not available at this time.
The bidding details will be updated once the issue opens.
During the subscription period, investors can submit their bids between 10:00 AM and 5:00 PM on each subscription day.
LEAP India IPO Grey Market Premium
The LEAP India IPO is currently trading at a grey market premium (GMP) of ₹3 per share. If the current trend prevails, the shares are likely to list at ₹162. At this price level, listing gains stand at 1.89%.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 06-08-2026 | ₹3 ─ | ₹162 (1.89%) | ₹282 | 6-Aug-2026 11:54 |
| 05-08-2026 | ₹3 ─ | ₹162 (1.89%) | ₹282 | 5-Aug-2026 23:37 |
| 04-08-2026 | ₹3 ▼ | ₹162 (1.89%) | ₹282 | 4-Aug-2026 23:33 |
| 03-08-2026 | ₹4 ▼ | ₹163 (2.52%) | ₹376 | 3-Aug-2026 23:28 |
| 02-08-2026 | ₹8 ─ | ₹8 (0.00%) | ₹0 | 2-Aug-2026 23:35 |
Note: GMP reflects unofficial market activity and is not a guarantee of listing gains.
LEAP India IPO Reservation
The following table presents the reservation of shares under different investor categories:
LEAP India IPO Lot Size
Investors can apply for the IPO in the lot sizes specified below:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 94 | ₹14,946 |
| Individual Investor – Maximum | 13 | 1,222 | ₹1,94,298 |
| S-HNI Minimum | 14 | 1,316 | ₹2,09,244 |
| S-HNI Maximum | 66 | 6,204 | ₹9,86,436 |
| B-HNI Minimum | 67 | 6,298 | ₹10,01,382 |
LEAP India IPO Anchor Investors
The table below provides details of anchor investors in this issue:
| Particulars | Details |
| Bidding Opens | 6 August 2026 |
| Shares Offered | Not disclosed yet |
| Portion Size | Up to 60% of the QIB portion |
| 30-Day Lock-in for 50% Shares | 11 September 2026 |
| 90-Day Lock-in for Remaining Shares | 10 November 2026 |
LEAP India IPO Prospectus
You can find more details about the LEAP India IPO through the links below:
About LEAP India
Incorporation: 3 July 2013
Managing Director, Chairman and Chief Executive Officer (CEO): Sunu Mathew
LEAP India provides asset pooling and supply chain solutions through a share-and-reuse model. It allows businesses to rent assets instead of buying them. The company currently manages 14.7 million assets across more than 10,100 customer touchpoints in India, as of 31 March 2026.
It serves customers across industries such as FMCG, food and beverages, e-commerce, automotive and logistics. It also uses technologies like RFID, IoT, and its MyLEAP platform to help businesses track assets, manage inventory, and improve supply chain efficiency.
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | JM Financial Ltd.Avendus Capital Pvt. Ltd.IIFL Capital Services Ltd.UBS Securities India Pvt. Ltd. |
LEAP India IPO Objectives
The following are the proposed uses of the net proceeds from the IPO:
| Particulars | Amount (in ₹ million) |
| Repayment or prepayment of borrowings | 3,600.00 |
| General corporate purposes |
Strengths of LEAP India
- Large Pan-India Network: LEAP India operates a nationwide network of assets, fulfilment centres, and customer touchpoints, enabling faster deployment, efficient asset retrieval, and reliable service across India.
- Focus on Quality and Sustainability: Its products are made from certified materials and maintained regularly, helping customers use reusable logistics solutions that reduce waste.
- Comprehensive Product Portfolio: The company offers pallets, containers, and material handling equipment (MHE), allowing customers to source multiple supply chain solutions from a single provider.
- Scalable Business Model: Its asset pooling model enables customers to rent logistics equipment as required, lowering ownership costs while providing flexibility to scale operations.
Risks of LEAP India
- Supplier Dependence: Disruptions in supplier relationships or rising procurement costs could affect product availability, increase expenses, and impact operations.
- Employee Retention: Difficulty in attracting or retaining skilled employees and MHE operators could disrupt operations, increase costs, and reduce service quality.
- Credit Risk: Delays in customer payments or payment defaults could affect the company’s cash flow and overall financial health.
- Price Volatility: Rising prices of timber, plastic, freight, or currency fluctuations could increase costs and put pressure on profit margins.
LEAP India IPO Review
LEAP India operates in a niche supply chain segment with an asset-light business model and a diversified product portfolio. Its steady financial performance and technology-led operations strengthen the overall investment case. Key risks of the business are supplier dependence, employee retention and rising input costs.
The muted GMP reflects cautious market sentiment, which makes this issue more suitable for those with a long-term perspective. Investors should assess the valuation and fundamentals before applying for the IPO.
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LEAP India IPO FAQs
LEAP India IPO is a mainboard book-built public issue worth ₹2,480 crore, comprising a fresh issue of shares and an offer for sale (OFS). The shares will list on both NSE and BSE.
You can apply for the LEAP India IPO through your bank’s ASBA facility or via your stockbroker’s online trading platform using a UPI ID. Ensure that you complete the application and approve the UPI mandate before the subscription window closes.
LEAP India operates in a growing supply chain segment with strong financial growth and a scalable business model. However, investors should also consider its business risks, valuation, and investment horizon before applying.
The latest GMP of ₹3 indicates an estimated listing price of ₹162, translating to a listing gain of 1.89%. However, GMP is unofficial and does not guarantee listing performance.
The LEAP India IPO will open for subscription on 7 August 2026 and close on 11 August 2026.
The minimum application size is 94 shares, requiring a minimum investment of ₹14,946 at the upper price band.
The allotment for the LEAP India IPO is expected to be finalised on 12 August 2026.
The LEAP India IPO is scheduled to list on the NSE and BSE on 14 August 2026.
