LEAP India IPO Listing Aug 14: 8.5% Gain Expected
By ThePip Desk
LEAP India’s IPO lists on August 14 with a potential 8.5% gain indicated by Grey Market Premium. Explore key figures and market insights.
LEAP India’s IPO is set to list on August 14, with its Grey Market Premium (GMP) indicating a potential 8.5% listing gain for investors.
The company’s initial public offering saw strong demand, particularly from institutional and non-institutional investors.
Key IPO Figures
- IPO Value: ₹2,480 crore
- Fresh Issue: ₹480 crore
- Offer for Sale (OFS): ₹2,000 crore
- Grey Market Premium (GMP): ₹172.5
- Upper Price Band: ₹159
- Overall Subscription: 6.71 times
- QIB Subscription: 12.83 times
- NII Subscription: 11.39 times
- Retail Subscription: 1.20 times
- Employee Subscription: 8.96 times
- FY24–FY26 Revenue CAGR: 41.4%
- FY24–FY26 EBITDA CAGR: 33.3%
- FY24–FY26 PAT CAGR: 29.5%
- Pallet Pooling Market Share: 90%
Mahesh Ojha, VP-research & business development at Kantilal Chhaganlal Securities, noted the issue’s valuation at 113.6X EV/EBITDA and 22.2X FY26 earnings.
He advises short-term investors to consider profit booking for an 8-10 percent gain post-listing. Medium-to-long-term investors, however, might hold the stock due to LEAP India’s strong structural growth prospects.
Company Profile & Growth
LEAP India stands as a leader in India’s asset pooling industry, holding an estimated 90 percent share of the pallet pooling market.
The company has demonstrated robust business momentum, with revenue, EBITDA, and PAT clocking significant compound annual growth rates (CAGRs) during FY24–FY26. Proceeds from the fresh issue are earmarked for repaying outstanding borrowings and general corporate purposes.