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HomeIPOLEAP India

About LEAP India

LEAP India Ltd was incorporated in 2013 as an entity that provides sustainable supply chain and asset pooling solutions.These services include asset pooling, returnable packaging, inventory, transportation, repair and maintenance in various industries, such as e-commerce, FMCG, automotive, consumer durables, etc. KKR invested in LEAP India by buying a majority stake in the company in 2023 in line with its Asia infrastructure strategy.Customers of LEAP India Ltd come from many different industries, among which are fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive, industrials, and others. Products: Pallets Containers Material handling equipment (MHE) As of March 31, 2025, LEAP India Ltd employed 366 people permanently.

Checklist Quality Analysis

Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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LEAP India

LEAP India

Open Date

Aug 7, 2026

Close Date

Aug 11, 2026

listed

Min Investment

₹14,946

Lot Size

94 Shares

Issue Size

₹2480 Cr

Price Range

₹151 - ₹151

Listing Date

Aug 14, 2026

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹13(+8.18%)GMP
8.18%Prediction Listing Gain

Grey Market Premium (GMP) Trend

LEAP India IPO - Issue Objectives

₹360 crore will be used to repay/prepay the company's borrowings. Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Repayment of debt

75%

General corporate purposes

25%

1

Repayment of debt

₹360 crore will be used to repay/prepay the company's borrowings.

75.00%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

25.00%

IPO Subscription Status

QIB
17.73x
NII
13.31x
Individual
1.80x
Total
8.82x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of LEAP India

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Market leadership

The company is a leader in the on-demand asset pooling market in India with 1.47 crore assets and 10,100+ touchpoints in a category with just 9.4% penetration.

02

Barriers to entry

It is scale, customer stickiness, quality certification, network effect and knowledge that keep new entrants away.

03

Customer franchise

Over 1,000 blue-chip clients and top 100 customers have a churn rate of 0.00% in FY26, with multi-year escalation-based contracts.

04

Technological lead

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Growth sustainability

Growth in the revenue stream increased from 27.8% in FY25 to 56.3% in FY26, partially due to acquisitions, but it is unlikely to sustain organically.

02

Concentration of pallet business

Pallets remain a dominant factor driving revenues of 62.1% in FY26 and thereby making the business susceptible to any change in the structure favouring one-way packaging.

03

Contact Details

LEAP India

14th Floor Commerz, International Business Park Oberoi Garden Off Western Express Highway Goregaon, Maharashtra - 400063.

+912269588700
compliance@leapindia.net
https://www.leapindia.net

LEAP India IPO - FAQs

LEAP India IPO is a Mainboard IPO. The issue is priced at 151-₹159. The minimum order quantity is 94 Shares. The IPO opens on 7 Aug, and closes on 11 Aug. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-08-05
  • Bidding Starts2026-08-07
  • Bidding Ends2026-08-11
  • Allotment Finalisation2026-08-12
  • Release of Funds2026-08-13
  • Demat Transfer2026-08-13
  • Listing2026-08-14

Market leader in RFID and IoT-based asset tracking through MyLEAP and associated digital platforms.

Dependence on suppliers and raw materials

Top ten suppliers account for 63.2% of purchases, with the cost of timber/polymer susceptible to geopolitical risks.

04

Attrition

High attrition rate of 56% in FY26 among MHE operators working within a pool of 2,062 employees.

05

Leverage and promoters' share pledge

The company has total borrowings of ₹1,017.73 crore in FY26, with restrictive covenants that may force accelerated repayments if breached; meanwhile, promoters had mortgaged 4.8% of the pre-offer shares as security for loans, which is due to be re-mortgaged after listing.