LEAP India IPO Lists Today: Oversubscribed 8.38x, ₹12.5 GMP
Infographic: LEAP India IPO Lists Today After 8.38x Oversubscription
Key Highlights
LEAP India’s IPO debuts on BSE & NSE today, August 14, 2026, after an 8.38x oversubscription. Shares traded at a ₹12.5 Grey Market Premium.
LEAP India’s (IPO) is set to list today, August 14, 2026, on both the and . The offering saw significant investor interest, oversubscribed 8.38 times overall.
investors subscribed 1.71 times against their allocated shares. The (GMP) for LEAP India shares stands at ₹12.5, indicating an approximate 8% premium over its issue price of ₹159.
Market Debut & Premium
- Overall IPO subscription: 8.38 times
- Retail investor subscription: 1.71 times
- Today’s Grey Market Premium (GMP): ₹12.5
- Approximate premium over issue price of ₹159: 8%
- GMP trend over 12 sessions: Ranged from ₹3 to ₹19.5
According to Investorgain, the GMP has shown an upward trend over the past 12 sessions. This suggests positive market expectations for the company’s public debut.
Expert Take: Hold or Sell?
Mahesh M. Ojha, VP Research & Business Development at Kantilal Chhaganlal Securities Pvt. Ltd., advises short-term investors to consider booking profits for an expected 8-10% listing gain. However, he suggests holding for medium to long-term investors.
Ojha highlights LEAP India’s strong structural growth prospects. The company holds an estimated 90% share of India’s pallet pooling market, positioning it as a market leader in asset pooling.
- FY24–FY26 : 41.4%
- FY24–FY26 CAGR: 33.3%
- FY24–FY26 CAGR: 29.5%
Tushar Badjate, Director of Badjate Stocks and Shares, also notes LEAP India’s strong business model and leadership in an underpenetrated market. He views it as an interesting long-term opportunity, despite concerns over valuation.
Badjate pointed out that at the IPO price of ₹159, the company was valued at roughly 110x FY26 earnings.
IPO Structure & Utilisation
The IPO included a fresh issue of 3.02 crore equity shares, raising ₹480 crore. An Offer For Sale () of 12.58 crore shares amounted to approximately ₹2,000 crore.
- Fresh issue: 3.02 crore equity shares (₹480 crore)
- Offer For Sale (OFS): 12.58 crore shares (approx. ₹2,000 crore)
- KKR-backed Vertical Holdings II offloading: approx. ₹1,998.6 crore under OFS
- Debt repayment from IPO proceeds: ₹360 crore
LEAP India plans to use the IPO proceeds to strengthen its balance sheet. Approximately ₹360 crore is allocated for debt repayment, with the remainder supporting general corporate purposes.
JM Financial Ltd. served as the book-running lead manager, and MUFG Intime India Pvt. Ltd. was the registrar. Established in 2013, LEAP India Ltd. specializes in sustainable supply chain and logistics infrastructure, offering asset-pooling and reusable packaging solutions across diverse industries.