LEAP India IPO Subscribes 0.57x, Allotment Aug 12

LEAP India’s ₹2,480 crore Initial Public Offering closed on August 11, 2026, securing a final subscription rate of just 0.57 times. This underperformance follows its pricing between ₹151 and ₹159 per share.

The Offering Details

The IPO structure included a fresh issue of equity shares valued at ₹480 crore. It also featured an offer for sale (OFS) component amounting to ₹2,000 crore.

• Qualified Institutional Buyers (QIBs): 61% subscribed
• Non-institutional investors: 50% subscribed
• Retail individual investors: 41% subscribed

Overall, the offering attracted bids for 5,62,11,154 shares, against 11,49,91,735 shares made available. The funds from the fresh issue are earmarked for debt repayment and general corporate purposes.

Pre-IPO Capital & Market Valuation

Prior to its public debut, LEAP India successfully raised around ₹371.3 crore through a pre-IPO placement. This placement, conducted on August 3-4, involved significant investors.

• Gamnat Pte Ltd (GIC subsidiary)
• Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd

At the upper end of its price band, LEAP India is projected to command a post-issue market capitalization of about ₹7,005 crore. The company, founded in 2013, focuses on sustainable supply chain and asset-pooling solutions.

Key Dates and Services

The basis of allotment for LEAP India shares is expected to be finalized on Wednesday, August 12, 2026. Shares are slated to debut on both the NSE and BSE by Friday, August 14.

LEAP India offers a range of services, including equipment pooling, inventory management, and returnable packaging. They cater to industries such as e-commerce, automotive, FMCG, and consumer durables.