LEAP India IPO Lists Friday: Oversubscribed 9x, Modest Premium
By ThePip Desk
LEAP India’s IPO lists Friday after a 9x oversubscription. Expect a modest 7.55% listing premium, with shares potentially opening at ₹171.
LEAP India’s Initial Public Offering (IPO) is set to list on Friday, August 14, after concluding its subscription period with an impressive nearly 9 times oversubscription. Grey market premium (GMP) figures suggest a modest listing premium of 7.55% for the shares.
This indicates a potential listing price of ₹171 per share, notably higher than its issue price of ₹159. The book-build issue successfully raised a total of ₹2,480 crore from investors.
IPO Financials
- Overall Subscription: nearly 9 times
- Total IPO Value: ₹2,480 crore
- Fresh Issue Component: ₹480 crore
- Offer for Sale (OFS) Component: ₹2,000 crore
- Price Band: ₹151 to ₹159 per share
- Potential Listing Premium: 7.55%
The company plans to strategically utilize the net proceeds from the fresh issue component. These funds are earmarked for critical debt repayment and general corporate purposes, aiming to strengthen its operational liquidity and long-term stability.
LEAP India’s Market Position
LEAP India holds a prominent position as India’s largest on-demand asset pooling provider within the crucial supply chain management sector. Its operational footprint is substantial, managing 1.47 crore assets and engaging with over 10,100 customer touchpoints as of March 31, 2026.
The company has demonstrated consistent financial robustness, reporting revenue from operations at ₹729.53 crore for FY26. Its net profit attributable to owners reached ₹62.34 crore in the same fiscal year, reflecting sustained growth across the last three financial periods.
The IPO’s application window was active from August 7 to August 11, with the final share allotment processed on August 12. Its impending listing is anticipated to draw significant attention within the dynamic Indian IPO market.