LEAP India IPO Subscribes 0.57x, Allotment Aug 12
Indian stock exchange trading floor with market participants observing digital displays.
Key Highlights
LEAP India’s ₹2,480 crore IPO closes with 0.57x subscription. Allotment scheduled for August 12, 2026. Details on QIB, NII, and retail investor participation.
LEAP India’s ₹2,480 crore 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 () component amounting to ₹2,000 crore.
- (QIBs): 61% subscribed
- Non-institutional investors: 50% subscribed
- 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 and 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.