LEAP India IPO Details
LEAP India IPO Summary
LEAP India IPO opens for subscription on 07 Aug 2026 and closes on 11 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 14 Aug 2026.
LEAP India IPO price band has been fixed at ₹151 – ₹159 per share. The face value is ₹1 per share with a lot size of 94.
LEAP India IPO total issue size comprises 15,59,74,842 shares (aggregating up to ₹2480.00 Cr). This includes a fresh issue of 3,01,88,679 shares (aggregating up to ₹480.00 Cr). Offer for Sale consists of 12,57,86,163 shares (aggregating up to ₹2000.00 Cr). Pre-issue shareholding stands at 41,03,47,780, which will increase to 44,05,36,459 post-issue.
LEAP India IPO carries a ₹3 (1.89%) GMP, reflecting investor sentiment.
LEAP India IPO Lot Size :Retail Minimum is 1 lot (94 shares) amounting to ₹14,946. Retail Maximum is 13 lots (1,222 shares) amounting to ₹194,298. SHNI Minimum is 14 lots (1,316 shares) amounting to ₹209,244. SHNI Maximum is 66 lots (6,204 shares) amounting to ₹986,436. BHNI Minimum is 67 lots (6,298 shares) amounting to ₹1,001,382.
LEAP India IPO Details
LEAP India IPO Dates
- 07 Aug 2026Opening dateOpen
- 11 Aug 2026Closing dateClose
- 12 Aug 2026Allotment Date Allotment
- 13 Aug 2026Initiation of RefundsRefund
- 13 Aug 2026Credit of SharesCredit
- 14 Aug 2026Listing dateListing
LEAP India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 94 | ₹14,946 |
| Retail Maximum | 13 | 1222 | ₹194,298 |
| SHNI Minimum | 14 | 1316 | ₹209,244 |
| SHNI Maximum | 66 | 6204 | ₹986,436 |
| BHNI Minimum | 67 | 6298 | ₹1,001,382 |
LEAP India IPO Reservation
Promoter Holding
Documents
LEAP India IPO Valuations
LEAP India Financial Information
| 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 |
| Amount in ₹ Crore | |||
About LEAP India IPO
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
Offerings:
- Pallets: Durable, recyclable wooden pallets with up to 5-ton load capacity for efficient storage, handling, and transportation.
- Containers: Reusable, foldable, and stackable containers designed for safe storage, material handling, and supply chain operations.
- Material Handling Equipment (MHE): Industrial equipment, including forklifts, for efficient lifting, moving, loading, and stacking of materials.
- Articulated Forklifts: Compact forklifts designed for narrow aisles, improving warehouse space utilization and pallet handling.
- VNA (Very Narrow Aisle) Forklifts: Specialized forklifts for high-density warehouses, enabling efficient operations in ultra-narrow aisles and high-rack storage.
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. The company incorporated ESG considerations into the business by focusing on responsible sourcing and product design that supports sustainability.
The company established partnerships with more than 1,000 customers as of March 31, 2026, including with blue-chip companies across various industries. The customer list includes reputed companies such as Hindustan Coca-Cola Beverages Private Limited, Marico Limited, Toll (India) Logistics Private Limited, Daikin Airconditioning India Private Limited, Panasonic Life Solutions India Private Limited, among others.
As of March 31, 2026, the company had 419 permanent employees and 2,062 MHE operators.
Strength Of LEAP India IPO
- 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.
- Efficient asset management capabilities led by technology and a focus on customer service leading to supply chain efficiency.
- Strong performance reflecting rapid growth and an attractive financial profile.
- Founder-led company supported by an experienced professional management team and reputed investors
Risk Of LEAP India IPO
- The company typicallys enter into long-term, recurring contracts with customers and if its customers do not renew their agreements with the company, or expand the scope of services, the company provides to them, the company's business, financial condition, results of operations and cash flows could be adversely impacted. In particular, if its relationships with the company's top customers are impaired or terminated, its business, financial condition, results of operations and cash flows could be adversely impacted.
- The company is reliants on its technology infrastructure in the company's business operations, and any disruption or failures of its technology infrastructure could materially affect the company's growth prospects, reputation, business, results of operations, financial condition and cash flows.
- Pooling asset loss and inadequate controls and processes on the pooling equipment may result in additional expenses and could negatively affect its financial performance.
- The company is exposed to counterparty credit risk. The company's inability to collect receivables on time or at all and defaults in payment from its customers could reduce our profits and affect the company's cash flows.
- Failures to set and/or meet quality standards in relation to its Assets may adversely affect the company's business, results of operations and financial condition.
- Increases in maintenance may result in additional expenses and could negatively affect its financial performance.
- A majority of its revenue from operations is from the company's pallet pooling business (sale of services - pallets, contributed to 62.90% (on a pro forma basis) and 67.90%, 72.23% and 84.14% of its revenue from operations in Fiscals 2025, 2024 and 2023, respectively). Any adverse impact on the company's pallet pooling business would adversely affect its business, results of operations and profitability.
- Competition in the industry in which the company operates could result in a reduction in the company's market share which could adversely affect its business, results of operations and financial conditions.
- The company's financing arrangements contain certain restrictive covenants. Any non-compliance may lead to, amongst others, accelerated repayment schedule, enforcement of security and suspension of further drawdowns, which in turn may limit its ability to pursue the company's business and limit its flexibility in planning for, or reacting to the changes in our business or industry including the company's plans for expansion and diversification, which may adversely affect its business, results of operations, financial condition and cash flows.
- The company is dependents on its suppliers and service providers ( the company's top ten suppliers and service providers contributed 60.00% of its total purchases in Fiscal 2025) in relation to the company's operations. Any loss of suppliers or interruptions in the timely delivery of supplies and services could have an adverse impact on its business, financial condition, cash flows and results of operations.
Objectives LEAP India IPO
1. Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
2. General corporate purposes
Company Contact Details
LEAP India Ltd.
14th Floor
Commerz, International Business Park Oberoi Garden
Off Western Express Highway,
Goregaon, Maharashtra, 400063
Phone: +91 22 6958 8700
Email: compliance@leapindia.net
Website: http://www.leapindia.net/
Registrar Contact Details
LEAP India FAQs
The LEAP India IPO is a MAINBOARD public issue comprising 155974842 equity shares with a face value of ₹1 each, aggregating to a total issue size of ₹2480.00 Cr. The issue price has been fixed at ₹159 per equity share, and the minimum application size is 94 shares.
The IPO opens for subscription on 07 Aug 2026, and closes on 11 Aug 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹3 (1.89%).
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