LEAP India IPO: ₹2,480 Cr Issue Opens Aug 7; Price Band ₹151-₹159

LEAP India’s Initial Public Offering, targeting ₹2,480 crore, opens for subscription on August 7. This follows a pre-IPO placement where the company raised ₹371.3 crore from various investors.

The price band for the shares is set between ₹151 and ₹159 per share, with an estimated listing price of ₹168 per share. This indicates an anticipated listing gain of approximately 6% based on the current grey market premium of ₹9.

IPO Structure and Allocation

The book-build issue comprises a fresh issue of 3.02 crore shares, totaling ₹480 crore. Additionally, an Offer-for-Sale (OFS) includes 12.58 crore shares, amounting to ₹2,000 crore.

Retail investors are required to bid for a minimum of 94 shares per lot, translating to a minimum investment of ₹14,946 at the upper price band. Qualified Institutional Buyers (QIBs) will receive not more than 50% of the net offer.

Retail investors are allocated not less than 35%, and Non-Institutional Investors (NIIs) are reserved not less than 15%. JM Financial Ltd. is the book running lead manager, with MUFG Intime India Pvt. Ltd. serving as the registrar for the issue.

Key Dates for Subscription

The bidding window for the LEAP India IPO opens on August 7 and will close on August 11. The finalization of allotment is scheduled for August 12.

Refunds will be initiated on August 13, the same day shares are credited to Demat accounts. The official listing date for LEAP India is set for August 14.

Company Overview and Financials

Established in Mumbai in 2013, LEAP India Ltd. specializes in sustainable supply chain and asset-pooling solutions. Services include equipment pooling and inventory management across diverse sectors like e-commerce and automotive.

Global investment firm KKR acquired a majority stake in LEAP India in 2023. The company reported a revenue of ₹747.36 crore in FY26, marking a 54% year-on-year increase.

Profit after tax reached ₹62.34 crore, a significant 66% rise. Proceeds from the IPO are intended for the repayment of existing borrowings and for general corporate purposes.