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LEAP India IPO
Price Band
₹151.0–159.0
Issue Size
₹2480.0 Cr
Lot Size
94 shares
Min Investment
₹14,946
GMP
+₹13.0 (8.18%)
Issue Price
₹159.0
Subject to Sauda
₹900
Paid only if allotted
LEAP India IPO AI Summary
- LEAP India IPO is listed on BSE, NSE in the Other Consumer Services sector.
- Price band: ₹151.0–₹159.0 per share, lot size 94 shares (min. investment ₹14,946).
- Subscription window: 07 Aug–11 Aug 2026, listing on 14 Aug 2026.
- Current GMP is +₹13.0 (8.18%), an estimated listing price of ₹172 — unofficial and can change daily.
LEAP India Ltd is set to offer its IPO with a price band of ₹151.0 to ₹159.0, aiming to raise ₹2,480 Cr. The company specializes in sustainable supply chain solutions and has shown strong growth in total income and profit over the past few years.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
LEAP India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
8.82x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
17.73x
|
18x ✓ |
| NII (HNI) |
13.31x
|
13x ✓ |
| ↳ bNII (>₹10L) |
14.49x
|
14x ✓ |
| ↳ sNII (<₹10L) |
10.93x
|
11x ✓ |
| Retail (RII) |
1.81x
|
1.81x |
| Employee |
11.57x
|
12x ✓ |
| Total | 8.82x | 8.82x |
Auto-updated every 5 min · As of 11th Aug 2026 18:56
LEAP India IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+8.18%
Est. Listing
₹172.0
Updated: 14 Aug 2026 07:00
GMP Trend (Last 11 Days)
About the Company
Incorporated in 2013, LEAP India Ltd specializes in sustainable supply chain and asset-pooling solutions. It offers services including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance across industries like e-commerce, FMCG, automotive, and consumer durables. Global investment firm KKR acquired a majority stake in LEAP India in 2023, aligning with its Asia infrastructure strategy The company serve a diverse customer base spanning sectors such as fastmoving consumer goods (“FMCG”), food and beverage (“F&B”), third-party logistics (“3PL”), e-commerce and quick commerce, automotive, industrials and others. Offerings: Pallets Containers Material handling equipment (“MHE”) As of March 31, 2025, the company had 366 permanent employees. Competitve Strengths: Industry with multi-decadal and rapid growth story Largest on-demand supply chain asset pooling company, in an industry with high barriers to entry Trusted supply chain partner equipped to meet evolving customer needs with a focus on quality and sustainability Highly resilient business model with a blue-chip customer base across high growth sectors
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,401.05 | 2,042.46 | 1,400.28 |
| Total Income | 747.36 | 485.03 | 371.94 |
| Profit After Tax | 62.34 | 37.56 | 37.17 |
| EBITDA | 378.83 | 273.80 | 209.92 |
| NET Worth | 1,006.33 | 917.35 | 714.18 |
| Reserves and Surplus | 678.78 | 606.09 | 521.84 |
| Total Borrowing | 1,017.73 | 801.66 | 513.07 |
Key Ratios
EPS
₹1.52
NAV
₹24.52
ROE
6.48%
ROCE
19.06%
RoNW
6.19%
P/B Value
6.48
P/E Ratio
104.61
Market Cap
₹7004.53 Cr
PAT Margin
8.34%
Debt/Equity
1.01
Promoters
Sunu Mathew, Vertical Holdings II Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment / prepayment, in full or in part, of certain borrowings availed by the Company 360.00 2 General Corporate Purposes Total 360.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹371.94 Cr in the period ending 31 Mar 2024, rising to ₹485.03 Cr by 31 Mar 2025, and further increasing to ₹747.36 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹37.17 Cr in the period ending 31 Mar 2024, increasing to ₹37.56 Cr by 31 Mar 2025, and then rising to ₹62.34 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on trading in the unofficial market before it officially lists on the stock exchange. A positive GMP suggests that investors anticipate a higher listing price than the issue price.
Subscription Demand
As of 11th Aug 2026, the IPO was oversubscribed 8.82 times overall. The institutional category (QIB) saw a significant demand of 17.73 times, while the retail category (RII) was oversubscribed 1.81 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the initial trading period.
IPO Timeline, Explained
The IPO opens for subscription on 7th August 2026 and closes on 11th August 2026. Allotment of shares will be done on 12th August 2026, and the shares are expected to be listed on the stock exchange on 14th August 2026.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be prepared for the possibility of fluctuations in the stock price on the listing day.
This evaluation is generated from LEAP India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is LEAP India IPO GMP today?
LEAP India IPO GMP today is +₹13.0 (8.18%), indicating an estimated listing price of ₹172. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of LEAP India IPO?
The price band of LEAP India IPO is ₹151.0–₹159.0 per share.
When does LEAP India IPO open and close?
LEAP India IPO opens on 07 August 2026 and closes on 11 August 2026.
When does LEAP India IPO list on the stock exchange?
LEAP India IPO listed on 14 August 2026 at ₹172.0.
What is the lot size for LEAP India IPO?
The lot size for LEAP India IPO is 94 shares, requiring a minimum investment of ₹14,946.
What is the price band for the LEAP India IPO?
The price band for the LEAP India IPO is ₹151.0 to ₹159.0.
What is the minimum investment required for the LEAP India IPO?
The minimum investment required for the LEAP India IPO is ₹14,946.0.
What is the lot size for the LEAP India IPO?
The lot size for the LEAP India IPO is 94 shares.
When is the listing date for the LEAP India IPO?
The listing date for the LEAP India IPO is 14th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO based on unofficial market trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Aug 2026
Close
11 Aug 2026
Allotment
12 Aug 2026
Listing
14 Aug 2026
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