LI
LEAP India Limited IPO
Supply Chain Solutions · Asset Pooling · Returnable Packaging · MHE
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹159
Upper Price
₹2,480.00 Cr
Issue Size
Aug 14, 2026
Listing Date
₹6,524.53 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Friday, 7 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 11 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 12 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 13 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 14 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date7 August 2026 (Fri)
IPO Close Date11 August 2026 (Tue)
Listing Date14 August 2026 (Fri)
Face Value₹1 per share
Price Band₹151 to ₹159
Issue Price (Upper Band)₹159 per share
Issue TypeBook Build — Fresh + OFS
Lot Size94 shares
Total Issue Size15,59,74,842 shares (₹2,480.00 Cr)
Fresh Issue3,01,88,679 shares (₹480.00 Cr)
Offer for Sale (OFS)12,57,86,163 shares (₹2,000.00 Cr)
Pre-Issue Shares41,03,47,780
Post-Issue Shares44,05,36,459
Promoter Holding (Pre)95.42%
Market Cap (Pre-IPO)₹6,524.53 Cr
Listing ExchangeNSE, BSE
Lead ManagerJM Financial, Avendus, IIFL, UBS
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹159| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 94 | ₹14,946 |
| Retail — Maximum | 13 | 1,222 | ₹1,94,298 |
| S-HNI (sNII) — Min | 14 | 1,316 | ₹2,09,244 |
| S-HNI (sNII) — Max | 66 | 6,204 | ₹9,86,436 |
| B-HNI (bNII) — Min | 67 | 6,298 | ₹10,01,382 |
⚠️ Note: Investors can bid for a minimum of 94 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 2,401.05 | 2,042.46 | 1,400.28 |
| Total Income | 747.36 | 485.03 | 371.94 |
| PAT | 62.34 | 37.56 | 37.17 |
| EBITDA | 378.83 | 273.80 | 209.92 |
| Net Worth | 1,006.33 | 917.35 | 714.18 |
| Reserves & Surplus | 678.78 | 606.09 | 521.84 |
| Total Borrowing | 1,017.73 | 801.66 | 513.07 |
Income Growth
FY 2023–24₹371.94 Cr
FY 2024–25₹485.03 Cr
FY 2025–26₹747.36 Cr
🎯 Key Performance Indicators
6.48%
ROE
FY 2025–26
1.01
Debt/Equity
FY 2025–26
19.06%
ROCE
FY 2025–26
8.34%
PAT Margin
FY 2025–26
50.69%
EBITDA Margin
FY 2025–26
6.19%
RoNW
FY 2025–26
6.48x
Price/Book
FY 2025–26
24.52
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹1.52
FY26 earnings + pre-issue shares
P/E: 104.61xPost-IPO EPS
₹1.42
FY26 earnings + post-issue shares
P/E: 111.97xPrice to Book Value
6.48x
At upper price band ₹159
Market Cap (Pre-IPO)
₹6,524.53 Cr
At issue price ₹159
ℹ️
Pre-IPO EPS (₹1.52) based on pre-issue shares (41,03,47,780) and FY26 earnings. Post-IPO EPS (₹1.42) accounts for the dilution resulting from the issuance of 3,01,88,679 fresh equity shares extending the total post-issue equity to 44,05,36,459 shares. Post-IPO Market Cap translates to ₹7,004.53 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
₹360.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹480.00 Cr
🏢 About LEAP India Ltd.
Est. 2013 · Mumbai, Maharashtra · Supply Chain Asset PoolingLEAP India Ltd., incorporated in 2013, operates as India’s largest on-demand supply chain asset pooling company. The enterprise specializes in robust, sustainable returnable packaging and material handling equipment (MHE) pooling frameworks encompassing end-to-end inventory management, transportation, and strategic repair ecosystems. Backed heavily by the global investment firm KKR, which acquired a majority stake in 2023, LEAP India aligns seamlessly with high-value Asia infrastructure strategies.
The business commands deep industry penetration through a highly resilient model, servicing over 1,000 blue-chip clients across the FMCG, e-commerce, 3PL, and automotive sectors. Relying on an extensive inventory of high-grade wooden pallets, foldable containers, and advanced forklifts tailored for high-density warehousing, the company integrates responsible ESG sourcing. Backed by 419 permanent employees and deploying over 2,062 MHE operators, LEAP maintains critical supply partnerships with national giants like Hindustan Coca-Cola Beverages, Marico, Toll Logistics, and Daikin.
Brand Ecosystem
📦
Returnable Packaging
Durable, recyclable wooden pallets and foldable containers handling up to 5-ton capacities
🚜
Material Handling (MHE)
Broad industrial equipment networks integrating advanced standard and specialized forklifts
🏢
High-Density Storage
Articulated and VNA forklifts engineered specifically for ultra-narrow aisles and high racks
🤝
Diversified Client Base
1,000+ top-tier customer pipelines serving massive e-commerce, 3PL, and automotive grids
Competitive Strengths
🏆Largest on-demand supply chain asset pooling company functioning in a high-barrier industry
🛡️Highly resilient business model deeply entrenched with a prestigious blue-chip customer base
🌱ESG-focused execution emphasizing responsible resource sourcing and highly sustainable models
📈Multi-decadal rapid growth narrative backed by leading institutional support and market momentum
Company Promoters
SM
Sunu Mathew
Promoter, LEAP India Ltd.
VH
Vertical Holdings II Pte.Ltd.
Promoter, LEAP India Ltd.
📅 Key Dates
IPO Opens07 Aug 2026
IPO Closes11 Aug 2026
Allotment12 Aug 2026
Refund & Share Credit13 Aug 2026
Listing Day14 Aug 2026
💡 Quick Summary
Price Band₹151 – ₹159
Upper Price₹159 / share
Lot Size94 shares
Min. Investment (Retail)₹14,946
Issue Size₹2,480.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
JM Financial, Avendus, IIFL, UBS
📍 Registered Address
LEAP India Ltd.
14th Floor, Commerz,
International Business Park Oberoi Garden,
Goregaon, Maharashtra — 400063
📞 +91 22 6958 8700
[email protected]
14th Floor, Commerz,
International Business Park Oberoi Garden,
Goregaon, Maharashtra — 400063
📞 +91 22 6958 8700
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the LEAP India IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
Track LEAP India IPO 2026: Price Band, GMP, Lot Size, Dates, Review & Financials GMP
Check real-time grey market premium, daily GMP history & estimated listing price.
Check GMP →