LEAP India IPO: ₹2,480 Cr Raised, Oversubscribed 8.38x
A large-scale logistics hub in India with forklifts moving reusable plastic crates.
Key Highlights
LEAP India Limited successfully raises ₹2,480 crore in its IPO, achieving an impressive 8.38x oversubscription. Details on investor demand and advisory roles.
LEAP India Limited closed its , successfully raising ₹2,480 crore. The IPO saw strong demand, with an overall subscription of 8.38 times.
Key IPO Figures
- Total Funds Raised: ₹2,480 crore
- Overall : 8.38 times
- : 16.84 times
- Non-Institutional Investors: 12.64 times
- Individual Investors: 1.71 times
The offering included both a fresh issue and an offer for sale by promoter selling shareholders. LEAP India operates as the largest on-demand asset pooling provider within India’s supply chain management sector, measured by pooled assets, according to the F&S Report.
Advisory Roles
Cyril Amarchand Mangaldas advised LEAP India on the IPO. The firm’s team was led by Partners Devaki Mankad and Anshul Roy, with support from Akash Joshi, Adwait Deshmukh, Abishek Sankar, Archit Jain, Divyanshu Singh, and Harsha Menon.
Shardul Amarchand Mangaldas & Co represented the . These included JM Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited, and UBS Securities India Private Limited. Sayantan Dutta, a Partner, led their team, which also featured Romit Raja Srivastava, Pavitra Dubey, and Anoop Mukundan.
This successful public offering underscores significant investor interest in India’s logistics and supply chain sector.