Leap India Raises ₹743.6 Cr Anchor Investment Ahead of IPO

Leap India, the asset pooling provider backed by global investment firm KKR, has successfully raised Rs 743.6 crore from 32 anchor investors. This pre-IPO funding precedes the company’s Initial Public Offering (IPO) launch.

The anchor allocation saw substantial participation from both global and domestic institutional investors. These entities secured shares before the main subscription period.

Anchor Investor Participation

Prominent global institutions included the Monetary Authority of Singapore and Morgan Stanley India Investment Fund Inc. Goldman Sachs Investments (Mauritius) I Ltd. also joined, alongside the Government Pension Fund Global.

• Monetary Authority of Singapore
• Morgan Stanley India Investment Fund Inc.
• Goldman Sachs Investments (Mauritius) I Ltd.
• Government Pension Fund Global
• Citigroup Global Markets Mauritius Private Limited
• Société Générale – ODI
• BNP Paribas Financial Markets – ODI

Domestic mutual funds also showed strong interest, with allocations made to schemes from Axis Mutual Fund, JM Financial Mutual Fund, and Motilal Oswal Large Cap Fund.

IPO Details Unpacked

The IPO itself is valued at Rs 2,480 crore and is set to open for subscription from August 7 to August 11, 2026. The price band for the offering has been fixed between Rs 151 and Rs 159 per equity share.

• IPO Value: Rs 2,480 crore
• Price Band: Rs 151 to Rs 159 per equity share
• Fresh Issue: Rs 480 crore
• Offer-for-Sale: Rs 2,000 crore

The fresh issue component, amounting to Rs 480 crore, is designated for debt repayment and general corporate purposes. The offer-for-sale, totaling Rs 2,000 crore, is being conducted by promoters Vertical Holdings II Pte Ltd and KIA EBT Scheme 3. The issue structure allocates 50% for qualified institutional buyers (QIBs), at least 15% for non-institutional investors, and a minimum of 35% for retail individual investors.

Company Profile & Operations

Founded in 2013, Leap India stands as India’s largest on-demand asset pooling provider within the supply chain management industry. The company operates on a “share and reuse” model, managing 14.70 million assets across a nationwide network of 10,100 customer touchpoints.

Its business model aims to enhance supply chain efficiency, reduce costs, and minimize environmental impact. Leap India serves over 1,000 customers across diverse sectors, connecting various stages of their value chains.

• FMCG
• Food and beverages
• 3PL
• E-commerce
• Quick commerce
• Automotive
• Industrial segments

Technology is central to its operations, utilizing the MyLEAP platform for real-time visibility and integrating SAP S/4HANA and Salesforce for seamless data exchange. The company also reports strong customer retention, with its top 10 customers having partnered for over five years.

Financial Performance

Leap India has demonstrated robust financial growth in recent fiscal years. Revenue from operations increased significantly, as did net profit.

• FY26 Revenue: Rs 729.5 crore
• FY24 Revenue: Rs 364.9 crore
• FY26 Net Profit: Rs 62.3 crore
• FY24 Net Profit: Rs 37.1 crore

The company’s revenue from operations grew to Rs 729.5 crore in FY26, up from Rs 364.9 crore in FY24. Net profit also saw a substantial rise to Rs 62.3 crore in FY26, compared to Rs 37.1 crore in FY24. This strong financial trajectory, combined with global investor backing and a scalable asset-light model, positions the IPO to attract considerable investor interest.