LEAP India targets ₹2,480 crore IPO; grey market implies 6% listing premium
Mumbai-based supply-chain and asset-pooling provider LEAP India plans to open its ₹2,480 crore IPO on Aug. 7. The issue includes a ₹480 crore fresh issue and ₹2,000 crore offer for sale; proceeds from the fresh issue will partly repay borrowings.
What happened
LEAP India Ltd. · Mumbai-based supply-chain and asset-pooling provider LEAP India will open its Rs 2,480-crore IPO on Aug. 7. Grey-market premium of Rs 9
Key facts
- Rs 2,480 crore IPO
- Rs 480 crore fresh issue
- Rs 2,000 crore OFS
- 3.02 crore fresh shares
- 12.58 crore OFS shares
- Rs 151-159 price band
- Rs 9 GMP
- Estimated listing price: Rs 168
- Estimated listing gain: 5.66%
- 94-share minimum lot
- Rs 14,946 minimum retail investment
- FY26 revenue: Rs 747.36 crore, up 54% YoY
- FY26 PAT: Rs 62.34 crore, up 66% YoY
Why this matters
LEAP India’s public-market funding and deleveraging could strengthen its ability to consolidate the fragmented logistics-asset pooling market through expansion or acquisitions.