LEAP India IPO: Check IPO Date, Price Band, Lot Size, Allotment and Key Details

LEAP India IPO is attracting investor attention as the company comes to the primary market with a proposed issue of around ₹2,480 crore. The IPO opened for subscription on August 7, 2026, and will close on August 11, 2026.

The book-built issue has a price band of ₹151 to ₹159 per equity share and is scheduled to list on both the BSE and NSE. The IPO allotment is expected to be finalized on August 12, 2026, followed by the listing on August 14, 2026.

LEAP India IPO – Key Details

*Source: IPO Watch. *

What is LEAP India?

LEAP India Limited was founded in 2013 and operates in the sustainable supply-chain and asset-pooling space. Its business model allows companies to rent or share equipment rather than owning all the required assets themselves.

The company’s offerings include equipment pooling, returnable packaging, inventory management, transportation, repair and maintenance services and other supply-chain solutions.

Its product portfolio includes pallets with load capacity of up to five tonnes, containers, material handling equipment, articulated forklifts and very narrow aisle (VNA) forklifts.

LEAP India’s customer base spans industries including FMCG, food and beverages, third-party logistics, e-commerce, quick commerce, automotive and industrials. The company reported partnerships with more than 1,000 customers, including large corporate names.

LEAP India IPO Issue Structure

The IPO comprises two major components:

• Fresh Issue: Approximately ₹480 crore
• Offer for Sale: Up to 12,57,86,163 equity shares

According to the IPO details, the company intends to use ₹360 crore from the issue proceeds for repayment or prepayment, in full or in part, of certain borrowings.

The Offer for Sale component means existing shareholders will sell part of their holdings through the IPO.

LEAP India IPO Price Band

The company has fixed the IPO price band at ₹151 to ₹159 per share, with a face value of ₹1 per equity share.

At the upper end of the price band, the minimum application for one lot of 94 shares requires an investment of ₹14,946.

Retail investors can apply for up to 13 lots, representing 1,222 shares and an application amount of ₹1,94,298 at the upper price band.

LEAP India IPO Lot Size

The amounts are calculated using the upper IPO price of ₹159 per share.

LEAP India IPO Reservation

The IPO allocation includes different investor categories.

• Anchor Investors: 29.98%
• QIBs excluding Anchor: 19.99%
• NII: 15%
• Retail Investors: 35%

The company received anchor investor commitments of approximately ₹743.62 crore, with the anchor bidding taking place on August 6, 2026.

LEAP India IPO Important Dates

Investors should keep the following dates in mind:

LEAP India Financial Performance

LEAP India has reported strong growth in revenue over the last three financial years.

Revenue increased from ₹371.94 crore in FY2024 to ₹747.36 crore in FY2026, while profit after tax increased from ₹37.17 crore to ₹62.34 crore during the same period.

This indicates significant improvement in the company’s top line as well as its bottom line.

LEAP India IPO Financial Ratios

According to the IPO details, the company’s FY2026 financial indicators include:

• ROE: 6.48%
• ROCE: 19.06%
• EBITDA Margin: 50.69%
• PAT Margin: 8.34%
• Debt-to-Equity: 1.01
• Basic EPS: ₹1.52
• RoNW: 6.19%
• NAV: ₹24.52

The IPO information does not provide a conventional P/E ratio.

No Direct Listed Peer

One important point for investors is that the IPO details state that there are no listed comparable companies in India or globally for LEAP India.

This makes direct valuation comparison more difficult. Investors therefore need to look beyond conventional peer-based valuation and examine the company’s business model, financial growth, debt levels, margins and future expansion opportunities.

LEAP India’s Business Opportunity

LEAP India operates in an area closely linked to the evolution of modern supply chains.

Companies increasingly need efficient logistics infrastructure without necessarily wanting to own every asset used in their operations. LEAP India’s asset-pooling model is designed around this requirement.

Its presence across FMCG, food and beverages, logistics, e-commerce, quick commerce, automotive and industrial customers provides exposure to several major consumption and manufacturing sectors.

The company says its customer base includes more than 1,000 customers, giving it a diversified operating environment.

Promoters and Shareholding

The promoters listed for LEAP India are Sunu Mathew and Vertical Holdings II Pte. Ltd.

Before the IPO, the promoter and promoter group held 95.73% of the company, while others held the remaining 4.27%. The post-issue capital structure will change following the fresh issue and OFS.

LEAP India IPO Lead Managers and Registrar

The IPO’s lead managers are:

• JM Financial Ltd.
• Avendus Capital Pvt. Ltd.
• IIFL Capital Services Ltd.
• UBS Securities India Pvt. Ltd.

The IPO registrar is MUFG Intime India Pvt. Ltd.

LEAP India IPO Review

LEAP India presents an interesting IPO story because it combines supply-chain infrastructure, asset pooling and logistics solutions with exposure to industries such as FMCG, e-commerce, automotive and third-party logistics.

The company’s revenue grew strongly between FY2024 and FY2026, while profit also improved in FY2026. At the same time, investors should consider the company’s debt-to-equity ratio of 1.01, the absence of directly comparable listed peers and the valuation implications of the IPO price band.

The proposed use of ₹360 crore toward repayment or prepayment of borrowings is also an important factor to monitor because reducing debt can potentially strengthen the company’s balance sheet and financial flexibility.

Based on the IPO Watch review, the issue is categorized as “May Apply” for investors considering a long-term investment approach. However, investors should independently evaluate the IPO’s valuation, financial performance, debt position, business risks and their own risk tolerance before making an investment decision.

LEAP India IPO Allotment and Listing

The LEAP India IPO allotment date is August 12, 2026. Investors who receive an allotment are expected to receive the shares in their demat accounts on August 13, while the IPO is scheduled to list on August 14, 2026 on both BSE and NSE.

Investors can check the IPO allotment status after the basis of allotment is finalized through the registrar’s platform or the relevant stock exchange channels.

The LEAP India IPO offers investors exposure to India’s evolving supply-chain, logistics and asset-pooling ecosystem. The company has demonstrated strong revenue growth, with revenue rising to ₹747.36 crore in FY2026 and profit reaching ₹62.34 crore.

The key factors to watch include the company’s ability to maintain growth, improve profitability, manage its debt and scale its asset-pooling business across its diversified customer base.

With an issue size of approximately ₹2,480 crore, a price band of ₹151–₹159, and listing planned on both BSE and NSE, LEAP India is one of the notable mainboard IPOs currently in the market.

Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities. Investors should read the company’s offer documents and conduct their own research or consult a qualified financial adviser before investing. IPO investments are subject to market risks.