LEAP India IPO is a Mainboard public offering with a total issue size of ₹2,480 crore. The IPO comprises a fresh issue of 3.02 crore equity shares worth ₹480 crore and an offer for sale (OFS) of 12.58 crore equity shares aggregating to ₹2,000 crore. The subscription window for the issue will remain open from August 7, 2026, to August 11, 2026. The basis of allotment is likely to be finalized on August 12, 2026, while the shares are expected to make their stock market debut on August 14, 2026, subject to regulatory approvals.
The company has fixed the price band at ₹151 to ₹159 per share, and investors can apply in a minimum lot of 94 shares. At the upper end of the price band, a retail investor will need to invest at least ₹14,946 for one lot.
The IPO is being managed by JM Financial Limited, while MUFG Intime India Private Limited has been appointed as the registrar to the issue.
LEAP India IPO GMP Today
LEAP India IPO last GMP is ₹14 , last updated August 13 2026 03:46 pm. With the upper price band of ₹159, LEAP India IPO’s Estimated listing is ₹173 (cap price + today’s GMP). Tha expected percentage gain/loss per share is 8.81%
We update the GMP daily. Based on grey market activity over the last 10 session, the IPO’s GMP is trending upward today, indicating expectations of a strong listing. During this period, the GMP ranged from a low of ₹3 to a high of ₹19.5 . stay with us for the latest LEAP India IPO GMP updates, daily price trends, and expected listing price.
| GMP Date | IPO Price | GMP | EST. Listing Price | EST. Profit* | Last Updated |
|---|---|---|---|---|---|
| 13-08-2026 | ₹159 | ₹14 | ₹173(8.81%) | ₹1316 | 15:46 |
| 12-08-2026 | ₹159 | ₹13 | ₹172(8.18%) | ₹1222 | 10:28 |
| 11-08-2026 | ₹159 | ₹11 | ₹170(6.92%) | ₹1034 | 15:26 |
| 10-08-2026 | ₹159 | ₹11.5 | ₹170.5(7.23%) | ₹1081 | 15:04 |
| 09-08-2026 | ₹159 | ₹16 | ₹175(10.06%) | ₹1504 | 16:38 |
| 08-08-2026 | ₹159 | ₹15 | ₹174(9.43%) | ₹1410 | 08:50 |
| 07-08-2026 | ₹159 | ₹14 | ₹173(8.81%) | ₹1316 | 14:37 |
| 06-08-2026 | ₹159 | ₹10 | ₹169(6.29%) | ₹940 | 15:21 |
| 05-08-2026 | ₹159 | ₹3 | ₹162(1.89%) | ₹282 | 17:56 |
| 04-08-2026 | ₹159 | ₹3 | ₹162(1.89%) | ₹282 | 15:34 |
LEAP India IPO Details
| IPO Open Date | 07-08-2026 |
| IPO Close Date | 11-08-2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹151 to ₹159 Per Share |
| Issue Size | Approx ₹2,480 cr. |
| Fresh Issue | Approx ₹480 cr. |
| Offer For Sale | Approx ₹12,57,86,163 Share |
| Issue Type | Book Built Issue |
| IPO Listing | NSE,BSE |
Issue Reservation
| Investor Category | Shares Offered % |
|---|---|
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 50% |
LEAP India IPO Market Lot
The LEAP India IPO minimum market lot is 94 shares with ₹14,946 application amount. The retail investors can apply up-to 13 lots with 12,22 shares of ₹1,94,298 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 94 | ₹14,946 |
| Retail Maximum | 13 | 1222 | ₹1,94,298 |
| S-HNI Minimum | 14 | 1316 | ₹2,09,244 |
| S-HNI Maximum | 66 | 6204 | ₹9,86,436 |
| B-HNI Minimum | 67 | 6298 | ₹10,01,382 |
LEAP India IPO Anchor Investors
| Anchor Bidding Date | 06-08-2026 |
| Shares Offered | 4,67,68,857 Shares |
| Lock-in period end date 50% shares(30 Days) | 11-09-2026 |
| Lock-in period end date 50% shares (90 Days) | 10-11-2026 |
LEAP India IPO Dates
The LEAP India IPO Open date is August 7 and the close date is August 11. The LEAP India IPO allotment will be finalized on August 12 and the IPO listing on August 14.
| IPO Open Date: | 07-08-2026 |
| IPO Close Date: | 11-08-2026 |
| Basis of allotment: | 12-08-2026 |
| Refunds: | 13-08-2026 |
| Credit to Demat Account: | 13-08-2026 |
| IPO Listing Date: | 14-08-2026 |
Promoters and Holding Pattern
The company is promoted by Sunu Mathew and Vertical Holdings II Pte. Ltd., who have played a key role in the growth and development of the business. Prior to the IPO, the promoter and promoter group collectively hold a significant majority stake in the company, reflecting their long-term commitment and confidence in its future prospects. Their substantial shareholding demonstrates strong promoter backing and aligns their interests with the company’s continued growth and value creation for shareholders.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 39,28,15,012 | 95.73% |
| Promoter Holding Post Issue | 39,28,15,012 | 89.17% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
|---|---|
| Company’s existing borrowings and debt obligations, either fully or partially, are proposed to be repaid or prepaid from the IPO proceeds. | ₹360.00 |
| General corporate requirements and other business-related purposes. | ₹ – |
About
LEAP India Limited is one of India’s leading asset pooling and supply chain solutions providers, offering a wide range of returnable packaging and material handling assets, including pallets, containers, crates, and forklifts. Founded in 2013, the company operates a pan-India network with thousands of customer touchpoints and fulfillment centers, serving industries such as FMCG, food & beverage, e-commerce, automotive, industrial manufacturing, logistics, and third-party warehousing. LEAP follows an asset-light and sustainable pooling model that enables businesses to reduce logistics costs, improve operational efficiency, and optimize supply chain management. The company is recognized for introducing several innovative solutions in India, including RFID-enabled containers and lithium-ion-powered material handling equipment. Through its technology-driven platform, warehousing support, and extensive asset network, LEAP India helps customers enhance productivity while promoting sustainability and resource optimization across the supply chain ecosystem.
LEAP India IPO Company Financial Report
| Period Ended | Revenue | Expense | Pat | Assets |
|---|---|---|---|---|
| 2024 | ₹371.94 | ₹325.24 | ₹37.17 | ₹1,400.28 |
| 2025 | ₹485.03 | ₹432.97 | ₹37.56 | ₹2,042.46 |
| 2026 | ₹747.36 | ₹666.50 | ₹62.32 | ₹2,401.05 |
LEAP India IPO Valuation – FY2026
Check LEAP India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 6.48% |
| ROCE | 19.06% |
| EBITDA Margin | 50.69% |
| PAT Margin | 8.34% |
| Debt to equity ration | 1.01 |
| Earning Per Share(EPS) | ₹1.52 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 6.19% |
| Net Asset Value(NAV) | ₹24.52 |
Peer Group Comparison
As per the RHP, the company believes that there are no listed companies in India or globally that are directly comparable to its business model and scale of operations; therefore, no suitable peer group comparison is available.
LEAP India IPO Lead Managers aka Merchant Bankers
- Avendus Capital Pvt. Ltd.
- IIFL Capital Services Ltd.
- JM Financial Ltd.
- UBS Securities India Pvt. Ltd.
LEAP India Company Address
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: https://www.leapindia.net/
LEAP India IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: leapindia.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
LEAP India IPO FAQs
What is LEAP India IPO?
LEAP India IPO is a Mainboard public issue through which the company aims to raise approximately ₹2,480 crore. The shares are offered in a price band of ₹151 to ₹159 per share, and the stock is proposed to be listed on both BSE and NSE.
When will LEAP India IPO open and close?
The public issue will open for subscription on August 7, 2026, and investors can place their bids until August 11, 2026.
What is the investor allocation in LEAP India IPO?
The IPO allocation is divided among different investor categories. Qualified Institutional Buyers (QIBs) have 50% of the issue reserved, Non-Institutional Investors (NIIs) have 15%, and Retail Investors are allotted 35%.
How can investors apply for LEAP India IPO?
Investors can submit their applications through the ASBA facility available with their bank or through supported stockbroking platforms that provide UPI-based IPO applications.
What is the price band of LEAP India IPO?
The company has fixed the IPO price band at ₹151 to ₹159 per equity share.
Where will LEAP India shares be listed?
After the completion of the IPO process, the company’s shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
What does LEAP India do?
LEAP India provides asset pooling and supply chain solutions, offering products such as pallets, containers, and logistics-related equipment to businesses across various industries.
What is the objective of LEAP India IPO?
The company intends to utilize a portion of the IPO proceeds for repayment or prepayment of certain borrowings, while the remaining funds may be used for general corporate purposes.
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.