LEAP India & Technocraft Ventures IPOs Launch: GMP Projections

The Initial Public Offerings for LEAP India and Technocraft Ventures commenced their subscription period on August 7, with bidding open until August 11. Both IPOs are slated to finalize their allotments on August 12 and are expected to be listed on the BSE and NSE on August 14.

Key IPO Timelines

• Subscription Period: August 7 to August 11
• Allotment Finalization: August 12
• Listing Date: August 14 on BSE and NSE

Current grey market trends suggest that LEAP India may achieve more favourable listing gains, with an estimated premium of 12.26% above its upper price band. This positive outlook is largely attributed to strong market sentiment surrounding its business model, which is backed by KKR.

Technocraft Ventures, in comparison, is projected to see a listing gain of 7.55% based on grey market premiums. Investors are advised to closely monitor subscription levels and Grey Market Premium (GMP) trends, noting that GMP is based on speculation and does not represent official data.

LEAP India IPO Details

• IPO Value: Rs 2,480 crore
• Fresh Issue: Rs 480 crore (3.02 crore shares)
• Offer for Sale: Rs 2,000 crore (12.58 crore shares)
• Price Band: Rs 151 to Rs 159 per share
• Lot Size: 94 shares
• Minimum Retail Investment: Rs 14,946 (at upper price band)
• Founded: 2013
• Business Focus: Sustainable supply chain asset-pooling solutions, including pallets and material handling equipment, serving sectors like FMCG, e-commerce, and automotive.

Technocraft Ventures IPO Overview

• Overall IPO Size: Rs 251.88 crore
• Fresh Issuance: 95 lakh new shares (Rs 201.51 crore)
• Existing Share Sale: 24 lakh shares (Rs 50.37 crore)
• Bidding Price: Rs 200 to Rs 212 per share
• Lot Size: 70 shares
• Minimum Retail Application: Rs 14,840 (at upper price)
• Founded: 1998
• Business Focus: Engineering, Procurement, and Construction (EPC) firm, specialising in civil infrastructure projects such as water supply, highways, and urban planning.