LEAP India IPO: dates, price band, lot size and GMP
LEAP India IPO listed on 14 Aug at ₹166 (NSE, BSE). Issue dates 7 – 11 Aug 2026, price band ₹159, lot 94 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the LEAP India IPO has a price band of ₹159, a lot of 94 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 7 – 11 Aug 2026 |
| Price band | ₹159 |
| Lot size | 94 shares |
| Issue size | ₹2,480.00 Cr |
| Fresh issue | ₹480 Cr |
| Offer for sale | ₹2,000 Cr |
| Subscription | 8.82x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | JM Financial Ltd., Avendus Capital Pvt.Ltd., IIFL Capital Services Ltd., UBS Securities India Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 7 Aug
- Issue closes: 11 Aug
- Allotment: 12 Aug
- Refunds: 13 Aug
- Demat credit: 13 Aug
- Listing: 14 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 17.73x |
| NII | 13.31x |
| sNII | 10.93x |
| bNII | 14.49x |
| Retail | 1.81x |
| Total | 8.82x |
Last updated 11 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹1 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹7,004.53 Cr |
| P/E (pre-issue) | 104.61x |
| P/E (post-issue) | 111.97x |
| Fresh issue (shares) | 3,01,88,679 |
| Offer for sale (shares) | 12,57,86,162 |
| Total shares offered | 15,59,74,841 |
| Promoter holding pre-issue | 90.04% |
| Promoter holding post-issue | 55.43% |
| Promoters | Sunu Mathew, Vertical Holdings II Pte.Ltd. |
| Lead managers | JM Financial Ltd., Avendus Capital Pvt.Ltd., IIFL Capital Services Ltd., UBS Securities India Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | leapindia.ipo@in.mpms.mufg.com |
| Company website | leapindia.net |
| Anchor bid date | 6 Aug 2026 |
| Anchor lock-in ends (50%) | 11 Sep 2026 |
| Anchor lock-in ends (remaining) | 10 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 94 | ₹14,946 |
| Retail (maximum) | 14 | 1,316 | ₹2,09,244 |
| sNII (minimum) | 14 | 1,316 | ₹2,09,244 |
| bNII (minimum) | 67 | 6,298 | ₹10,01,382 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 4,67,68,854 | |
| QIB | 20% | 3,11,79,259 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 2,33,84,434 | Not less than 15% of the Net Offer |
| sNII | 5% | 77,94,811 | |
| bNII | 10% | 1,55,89,623 | |
| Retail | 35% | 5,45,63,679 | Not less than 35% of the Net Offer |
| Employee | 0.1% | 78,616 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 7 Aug | 0.64x | 0.12x | 0.17x | 0.09x | 0.14x | 0.28x |
| Day 2 · 10 Aug | 0.64x | 0.53x | 0.72x | 0.43x | 0.43x | 0.52x |
| Day 3 · 11 Aug | 17.73x | 13.31x | 10.93x | 14.49x | 1.81x | 8.82x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹1.52 |
|---|---|
| EPS (post-issue) | ₹1.42 |
| P/E (pre-issue) | 104.61x |
| P/E (post-issue) | 111.97x |
| RoNW | 6.19% |
| RoCE | 19.06% |
| RoE | 6.48% |
| PAT margin | 8.34% |
| EBITDA margin | 50.69% |
| Price / book | 6.48x |
| NAV per share | ₹24.52 |
| Debt / equity | 1.01 |
| Market cap (upper band) | ₹7,004.53 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 2,401.05 | 2,042.46 | 1,400.28 | +17.6% |
| Total Income | 747.36 | 485.03 | 371.94 | +54.1% |
| Profit After Tax | 62.34 | 37.56 | 37.17 | +66% |
| EBITDA | 378.83 | 273.8 | 209.92 | +38.4% |
| NET Worth | 1,006.33 | 917.35 | 714.18 | +9.7% |
| Reserves and Surplus | 678.78 | 606.09 | 521.84 | +12% |
| Total Borrowing | 1,017.73 | 801.66 | 513.07 | +27% |
About LEAP India
LEAP India Limited is a provider of sustainable supply chain solutions and asset-pooling services, helping businesses optimize logistics operations through shared-use infrastructure and equipment. The company offers end-to-end supply chain support services, including asset pooling, returnable packaging solutions, transportation management, inventory handling, and repair and maintenance services. The company serves a broad range of industries, including fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce, quick commerce, automotive, consumer durables, and industrial sectors.
Its solutions are designed to improve operational efficiency, reduce logistics costs, and promote sustainability through the reuse of supply chain assets. In 2023, global investment firm KKR acquired a majority stake in LEAP India as part of its Asia-focused infrastructure investment strategy, further strengthening the company’s position in the supply chain solutions market. Core Product and Service Offerings: Pallets: Shared-use pallet solutions that facilitate efficient storage, handling, and transportation of goods. Containers: Reusable packaging and container solutions designed to enhance supply chain efficiency and reduce waste.
Material Handling Equipment (MHE): Equipment and infrastructure that support the movement, storage, and management of products across supply chains. As of March 31, 2025, LEAP India employed 366 permanent employees across its operations, supporting its nationwide asset network and customer service capabilities. Key
Objects of the issue
- Repayment / prepayment, in full or in part, of certain borrowings availed by the Company — ₹360 Cr
- General Corporate Purposes
Net proceeds: ₹360 Cr
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- LEAP India IPO GMP today and trend
- LEAP India IPO subscription status, day by day
- LEAP India IPO allotment status and how to check
Frequently asked questions
When does the LEAP India IPO open and close?
The issue is scheduled for 7 – 11 Aug 2026.
What is the LEAP India IPO price band?
The price band is ₹159 per share with a lot size of 94 shares.
How big is the LEAP India IPO?
The total issue size is ₹2,480.00 Cr, of which ₹480 Cr is a fresh issue and ₹2,000 Cr an offer for sale.
When will LEAP India list?
The tentative listing date is 14 Aug on the main board.
How do I apply for the LEAP India IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), LEAP India · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), LEAP India · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 12 Aug · in.mpms.mufg.com
- NSE public issues page · listing 14 Aug · nseindia.com
- BSE public issues page · listing 14 Aug · bseindia.com
- LEAP India company website · leapindia.net
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 14 Aug, 03:58 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “LEAP India IPO”, https://buyunlistedshares.com/ipo/leap-india-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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