LEAP India IPO Allotment Today: GMP Hits ₹13, Listing Aug 14

LEAP India’s Initial Public Offering (IPO) allotment status is likely finalized today, August 12. The supply chain solutions company saw its public issue open from August 7 to August 11, with listing scheduled for August 14.

IPO Performance Snapshot

The Grey Market Premium (GMP) for LEAP India IPO today stands at Rs 13 per share. This indicates an estimated listing price of Rs 172 per share, representing an 8.18% premium over the issue price of Rs 159 per share.

• Overall subscription: 8.38 times
• Qualified Institutional Buyers (QIB) subscription: 16.84 times
• Non-Institutional Investors (NII) subscription: 12.64 times
• Retail Individual Investors (RII) subscription: 1.71 times

IPO Financials

The IPO aimed to raise Rs 2,480 crore. This total comprised two main components: a fresh issue and an Offer For Sale (OFS).

• Fresh issue: 3.02 crore equity shares worth Rs 480 crore
• Offer For Sale (OFS): 12.58 crore shares worth Rs 2,000 crore

JM Financial Ltd. served as the book-running lead manager for the IPO. MUFG Intime India Pvt. Ltd. is the official registrar for the public issue.

Checking Your Allotment

Investors can check their allotment status online through multiple platforms. These include the websites of BSE and NSE, as well as the official IPO registrar, MUFG Intime.

The expected listing on August 14 will provide further clarity on the market’s reception to LEAP India following its IPO subscription and GMP trends.