Leap India Raises ₹371.3 Cr Pre-IPO, Eyes ₹2,480 Cr IPO
Modern logistics warehouse in India with stacked pallets and forklift.
Key Highlights
Leap India secures ₹371.3 Cr in pre-IPO placement, preparing for a ₹2,480 Cr IPO opening August 7-11. Key investors include GIC and Dymon Asia.
Supply chain asset pooling firm Leap India has successfully secured approximately ₹371.3 crore through a pre- placement, preceding its upcoming ₹2,480 crore initial public offering. This significant capital infusion involved key investors ahead of the public subscription launch.
Pre-IPO Placement Details
The private placement, which took place on August 3-4, saw the issuance of 2.34 crore equity shares at a price of ₹159 each. This strategic move brought in capital from several prominent entities.
- Gamnat Pte Ltd, a subsidiary of Singapore’s sovereign wealth fund GIC, acquired 1.76 crore shares for ₹279.99 crore.
- Hedge fund Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd received 31.45 lakh shares, amounting to ₹49.99 crore.
- Matyas Possessiones Private Ltd, an entity held by the promoters, was allotted 14.47 lakh shares for ₹22.99 crore.
Upcoming IPO Launch
Leap India’s initial public offering is scheduled to open for public subscription on August 7 and will close on August 11. The company has set the IPO price band between ₹151 and ₹159 per share.
- The IPO aims to raise ₹2,480 crore in total.
- It includes a fresh issue of up to ₹480 crore, earmarked for debt repayment and working capital requirements.
- An Offer-for-Sale () component comprises up to ₹2,000 crore.
This dual fundraising strategy positions Leap India to strengthen its financial standing and expand operations in the Indian market.