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BSE, NSE
LEAP India Ltd
Listed
Incorporated in 2013, LEAP India Ltd specializes in sustainable supply chain and asset-pooling solutions.
Issue details
Price band
₹151 – ₹159
Face value
₹1
Lot size
94 shares
Minimum investment
₹14,946
Issue size
₹2480.00 Cr
Fresh issue
₹480.00 Cr
Offer for sale
₹2000.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
7 Aug 2026
Closes
11 Aug 2026
UPI mandate cut-off
5:00 PM on 11 Aug 2026
Allotment
12 Aug 2026
Refunds
13 Aug 2026
Shares in demat
13 Aug 2026
Listing
14 Aug 2026
Subscription and listing
Subscription
6.46x
Listing price
₹165.90
Registrar
MUFG Intime India Pvt Ltd
Lead manager
JM Financial, Avendus Capital, IIFL Capital Services, UBS Securities India
Subscription by category
Total
6.46x
Total applications
9,65,049
Anchor investors
Amount raised
₹743.62 Cr
Bid date
6 Aug 2026
50% lock-in ends
10 Sep 2026
Rest lock-in ends
9 Nov 2026
Listing day
Issue price
₹159
Open
₹165.90
High
₹167.00
Low
₹143.00
Day close
₹144.93
Listing gain at open
+4.34%
Issue structure
Shares reserved per category and share of the total issue
QIB
7,79,48,111
49.97%
Anchor Investor
4,67,68,854
29.98%
QIB (Ex. Anchor)
3,11,79,257
19.99%
NII
2,33,84,434
14.99%
bNII > ₹10L
1,55,89,623
9.99%
sNII < ₹10L
77,94,811
5.00%
Retail
5,45,63,679
34.98%
Employee
78,616
0.05%
Total
15,59,74,840
100.00%
Finaccle’s quick read
Avoid
FY26 income up 54%, PAT up 66%, ROE 6.48%, D/E 1.01, post-issue P/E 111.97x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
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 Offerings: Pallets: Durable, recyclable wooden pallets with up to 5-ton load capacity for efficient storage, handling, and transportation.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
6.48%
ROCE
19.06%
Debt / equity
1.01
PAT margin
8.34%
P/E post issue
111.97
Market cap
₹7,004.53 Cr
Use of IPO money
Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
₹360.00 Cr
General Corporate Purposes
₹98.29 Cr
Issue Expenses
₹112.19 Cr
Strengths
✓
Revenue up 54% in FY26 to ₹747.36 Cr
✓
PAT up 66% in FY26 to ₹62.34 Cr
Risks to watch
!
Rich valuation: post-issue P/E of 111.97x
!
81% of issue is an offer for sale; company gets less fresh money
!
Modest PAT margin of 8.34%
!
Debt to equity of 1.01
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.