Leap India Ltd. IPO Details
Leap India was incorporated on July 3, 2013. The company provides technology-enabled supply chain solutions connecting manufacturing to retail. Through its circular "share and reuse" pooling model, it is the largest on-demand asset pooling provider in India, helping customers improve efficiency, safety, and sustainability
| Bidding Dates |
|---|
| 07 Aug 2026 - 11 Aug 2026 |
| Subscription |
|---|
| 0.26x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,194 | 1 | 13 | 94 | 156.0 M | ₹151 - ₹159 | 60.61 % | ₹23552.2 M - ₹24800.0 M | RHP DOC |
Leap IPO SUBSCRIPTION STATUS
07 Aug '26Leap IPO overall subscription rate was 0.26 times the total available shares
Leap IPO retail subscription rate was 0.13 times in the retail segment
Leap IPO non-institutional investor subscription rate was 0.11 times in the non-institutional investor category
Leap IPO Qualified Institutional Bidder subscription rate was 0.61 times the available shares for Qualified Institutional Bidder
Leap IPO Employees subscription rate was 1.08 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
07 Aug 2026 | 0.13x | 0.11x | 0.61x | 1.08x |
Leap FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 729.5 | 62.3 | 268.3 | -93.6 | 50.7% |
| FY25 | 466.5 | 37.6 | 255.0 | 1.6 | 56.5% |
| FY24 | 365.0 | 37.2 | 149.1 | -153.5 | 56.4% |
Leap IPO SUBSCRIPTION STATUS DETAILS
Leap has 156.0 M shares on offer
Leap IPO offer price is in the range ₹151 - ₹159
Leap IPO minimum Investment is ₹14194
Leap IPO issue size is ₹ 23552.2 M - ₹ 24800.0 M
Leap has a minimum lot size of 94 Shares per application
Leap NUMBER OF SHARES ON OFFER
Leap IPO IMPORTANT DATES
| Issue Open Date | 07 Aug 2026 |
| Issue close Date | 11 Aug 2026 |
| Allotment Date | 12 Aug 2026 |
| Refund Date | 13 Aug 2026 |
| Demat Account Credit Date | 13 Aug 2026 |
| Listing Date | 14 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Leap Allotment Status | Exchange/ Registrar |
Leap IPO subscription opens on 07 Aug 2026, and closes on 11 Aug 2026
IPO allotment for Leap is expected to be finalized on Wednesday, 12 Aug 2026
IPO listing for Leap will be on NSE and BSE on Friday, 14 Aug 2026
Leap Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LEAP India Ltd. | 159 | 7004.5 | 112.4 | 1.7 | 9.4 | 9 | 2.6 | 747.4 | 54.1 | 62.3 | 66 | 1.4 | 66 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Leap INFORMATION ON IPO ISSUE
About Leap
Leap India was incorporated on July 3, 2013. The company provides technology-enabled supply chain solutions connecting manufacturing to retail. Through its circular "share and reuse" pooling model, it is the largest on-demand asset pooling provider in India, helping customers improve efficiency, safety, and sustainability
Object of the Issue
- Repayment / prepayment, in full or in part, of certain borrowings availed of by the company
- General corporate purposes
Leap - PROMOTERS
| Name |
|---|
| Sunu Mathew |
| Vertical Holdings II Pte. Ltd. |
Leap - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sunu Mathew | Chairman, Managing Director & Chief Executive Officer |
| Hardik Bhadrik Shah | Non-Executive Director |
| Vaibhav Vaidya | Non-Executive Director |
| Harinarayan Nair Sreedharan | Independent Director |
| Sanjiv Gupta | Independent Director |
| Maithilee Jamsandekar | Independent Director |
Leap Book Running Lead Manager
JM Financial Limited
LEAP.ipo@jmfl.com
Avendus Capital Private Limited
leap.ipo@avendus.com
IIFL Capital Services Limited
leapindia.ipo@iiflcap.com
UBS Securities India Private Limited
ol-leapipo@ubs.com
Leap Registrar to the Offer
MUFG Intime India Private Limited
leapindia.ipo@in.mpms.mufg.com
Leap Strengths
Resilient business model
The company has a highly resilient business model supported by a blue-chip customer base across high-growth sectors such as FMCG, F&B, 3PL, e-commerce, quick commerce, automotive, and industrials. This diversification ensures steady demand, consistent asset utilisation, and reduced exposure to sector-specific risks, even during economic downturns
Efficient asset management capabilities
The company leverages technology-driven processes to enhance asset management and customer service. It was the first in India to introduce passive RFID-tagged containers and is now tagging CHEP-acquired assets with RFID. Its IoT-enabled MHE fleet enables real-time tracking, improved asset management, and operational insights across the supply chain
Trusted supply chain partner
The company is a trusted supply chain partner, focusing on quality and sustainability, and offering efficient, asset-light pooling solutions that help customers reduce capital expenditure and maintenance costs. Its standardised pallets and containers ensure compatibility with automated systems, minimise product damage, and enhance warehouse efficiency, while flexible on-demand scaling and dedicated repair support provide reliable and seamless supply chain performance
Leap Risks
Depend on long-term contracts & renewals
The company builds long-term customer relationships through multi-year recurring contracts, some lasting up to five years. Its growth relies on repeat business, contract renewals, and expanding services for existing clients, though profitability depends on pricing, volume, and operational efficiency
Dependent on IT systems
The company’s business relies heavily on its technology infrastructure, and any disruption or failure could impact growth, reputation, and financial performance. Dependence on in-house and third-party IT systems, frequent technological changes, and risks like downtime or malfunctions may hinder safe and efficient operation
Pooling asset loss & control risks
Loss or inadequate control of pooling assets like pallets and crates could increase replacement costs and reduce financial returns. High asset loss may weaken the business model, strain customer relationships, and adversely affect financial performance and sustainability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2,000.0 crore, of 125,786,163 shares. It also consists of a fresh issue of Rs 480.0 crore.
The promoters of the company are Sunu Mathew and Vertical Holdings II Pte. Ltd..
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 151.0 - 159.0.
The IPO application opens on Aug 07, 2026 and closes on Aug 11, 2026.
The minimum lot size for the IPO is 94. The maximum lot size for the IPO is 1222.
For all category investors, the minimum application amount for this IPO is Rs. 14,194.0, the maximum value for this IPO is Rs 194,298.0.
This IPO will be allotted on Aug 12, 2026.
The refund will be credited to your account on Aug 13, 2026.
The allotted shares will be credited to your demat on Aug 13, 2026.
Leap India Ltd.’s shares will list on the stock exchanges on Aug 14, 2026.