- Issue price
- ₹159per share
- Issue size
- ₹2,480 Cr15,59,74,840 shares
- Face value
- ₹1per equity share
- Lot size
- 94 sharesMin. ₹14,946 at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentWed, 2026
- ListingFri, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 3,01,88,678 shares (₹480 Cr)
- Offer for sale
- 12,57,86,162 shares (₹2,000 Cr)
- Total issue
- 15,59,74,840 shares (₹2,480 Cr)
- Face value
- ₹1
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- NII15.0%
- Employees0.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 5,45,63,679 | 34.98% | 35% |
| Non-institutional investors (NII) | 2,33,84,434 | 14.99% | 15% |
| Qualified institutional buyers (QIB) | 7,79,48,111 | 49.97% | 50% |
| QIB, excluding anchor | 3,11,79,257 | 19.99% | — |
| Anchor investors | 4,67,68,854 | 29.98% | — |
| Employees | 78,616 | 0.05% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹159 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 94 | ₹14,946 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹1.52
- EPS (diluted)
- ₹1.5
- P/E (FY 2025-26 basic at cap price)
- 104.61×
- RoNW
- 6.19%
- NAV per share (At Offer Price)
- ₹33.74
- Debt to equity
- 1.01
- EBITDA margin
- 50.69%
- PAT margin
- 8.34%
- ROCE
- 19.06%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 729.53 | 466.47 | 364.97 |
| Total income | 747.36 | 485.03 | 371.94 |
| EBITDA | 378.83 | 273.80 | 209.92 |
| Profit after tax | 62.34 | 37.56 | 37.17 |
| Net worth | 1,006.33 | 917.35 | 714.18 |
| Reserves and surplus | 678.78 | 606.09 | 521.84 |
| Total assets | 2,401.05 | 2,042.46 | 1,400.28 |
| Total borrowing | 1,017.73 | 801.66 | 513.07 |
FY 2025-26 vs FY 2024-25: revenue +56.4%, profit after tax +66.0%.
Source: ProspectusUpdated
About the company
The company provides pooled supply chain assets such as pallets, containers and material handling equipment on a share-and-reuse basis to customers across India. It operates a pan-India network of customer touchpoints and fulfilment centres. It acquired CHEP India in January 2025.
- Incorporated
- 2013
- Industry
- Asset Pooling / Supply Chain
- CIN
- U74900MH2013PLC245166
- Website
- leapindia.net
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Sunu Mathew | Promoter | — | — | 0 |
| Vertical Holdings II Pte. Ltd. | Selling shareholder | — | — | 12,56,99,559 |
| KIA EBT Scheme 3 (acting through Catalyst Trusteeship Limited) | Selling shareholder | — | — | 86,603 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings | 360.00 |
| General corporate purposes | 98.29 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Claims to be the largest on-demand asset pooling provider in India's supply chain sector by number of pooled assets, per the F&S Report.
- Large asset base of about 14.70 million assets with a network of over 10,100 customer touchpoints and 29 fulfilment centres.
- Over 1,000 customers as of March 31, 2026, including large consumer and industrial companies.
- Reports positive profit after tax in each year since 2020.
- Promoter Sunu Mathew has long experience in the pallet industry.
Risks
- Around 62% of FY2026 revenue came from pallet pooling, so weakness in that business would hurt results.
- Heavy dependence on a small group of suppliers, with top ten suppliers making up 63.27% of FY2026 purchases.
- Revenue growth and profitability may not be sustained at past rates.
- Borrowings of about ₹10,232 million as of June 30, 2026, with debt-to-equity of 1.01 in FY2026.
- Offer proceeds from the offer for sale go to selling shareholders, and the company receives only the fresh issue proceeds.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹159) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the LEAP India IPO open and close?
According to the Prospectus, the issue opens on Friday, 7 August 2026 and closes on Tuesday, 11 August 2026.
What is the LEAP India IPO price band?
The final issue price is ₹159 per share.
What is the lot size of the LEAP India IPO?
One lot is 94 shares, which is ₹14,946 at ₹159 per share.
Where will LEAP India shares list?
On NSE and BSE. The tentative listing date is Friday, 14 August 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the LEAP India IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 12 August 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹360 Cr for repayment or prepayment of certain borrowings, ₹98.29 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.