LEAP India IPO Price: ₹50 to ₹53 per share
IPO Dates: 07 Aug to 11 Aug, 2026
Company Overview
Incorporated in 2013, LEAP India Ltd specializes in sustainable supply chain and asset-pooling solutions. The company offers services including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance across industries such as e-commerce, FMCG, automotive, and consumer durables.
Global investment firm KKR acquired a majority stake in LEAP India in 2023, aligning with its Asia infrastructure strategy.
Business Operations
The company provides sustainable supply chain and asset-pooling solutions.
Its offerings include:
- Pallets: Durable, recyclable wooden pallets with up to 5-ton load capacity for efficient storage, handling, and transportation.
- Containers: Reusable, foldable, and stackable containers designed for safe storage, material handling, and supply chain operations.
- Material Handling Equipment (MHE): Industrial equipment, including forklifts, for efficient lifting, moving, loading, and stacking of materials.
- Articulated Forklifts: Compact forklifts designed for narrow aisles, improving warehouse space utilization and pallet handling.
- VNA (Very Narrow Aisle) Forklifts: Specialized forklifts for high-density warehouses, enabling efficient operations in ultra-narrow aisles and high-rack storage.
These products cater to the energy storage, e-mobility, automotive, and chemicals industries.
Market Position
The company is the largest on-demand supply chain asset pooling company in an industry with high barriers to entry.
Customer Base
The company serves a diverse customer base spanning sectors such as fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive, industrials, and others.
The company had established partnerships with more than 1,000 customers as of March 31, 2026, including blue-chip companies across various industries.
Its customer list includes Hindustan Coca-Cola Beverages Private Limited, Marico Limited, Toll (India) Logistics Private Limited, Daikin Airconditioning India Private Limited, Panasonic Life Solutions India Private Limited, among others.
ESG Initiatives
The company has incorporated ESG considerations into its business by focusing on responsible sourcing and product design that supports sustainability.
Competitive Strengths
- Industry with multi-decadal and rapid growth story.
- Largest on-demand supply chain asset pooling company, in an industry with high barriers to entry.
- Trusted supply chain partner equipped to meet evolving customer needs with a focus on quality and sustainability.
- Highly resilient business model with a blue-chip customer base across high growth sectors.
Employees
As of March 31, 2026, the company had 419 permanent employees and 2,062 MHE operators.
Bidding Starts In
LEAP India IPO Specifics:
| IPO Date | 7 to 11 Aug, 2026 |
| Listing Date | Fri, Aug 14, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹151 to ₹159 |
| Lot Size | 94 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size |
15,59,74,842 shares (agg. up to ₹2,480 Cr) |
| Fresh Issue |
3,01,88,679 shares (agg. up to ₹480 Cr) |
| Offer for Sale |
12,57,86,163 shares of ₹1 (agg. up to ₹2,000 Cr) |
| Share Holding Pre Issue | 41,03,47,780 shares |
| Share Holding Post Issue | 44,05,36,459 shares |
LEAP India IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Fri, Aug 7, 2026 |
| IPO Close | Tue, Aug 11, 2026 |
| Allotment | Wed, Aug 12, 2026 |
| Refund | Thu, Aug 13, 2026 |
| Credit of Shares | Thu, Aug 13, 2026 |
| Listing | Fri, Aug 14, 2026 |
LEAP India IPO Lot Size
Bidders have the opportunity to bid for a minimum of 281 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,946 |
| Retail (Max) | 13 | 1,222 | ₹1,94,298 |
| S-HNI (Min) | 14 | 1,316 | ₹2,09,244 |
| S-HNI (Max) | 66 | 6,204 | ₹9,86,436 |
| B-HNI (Min) | 67 | 6,298 | ₹10,01,382 |
LEAP India IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
LEAP India IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,401.05 | 2,042.46 | 1,400.28 |
| Total Income | 747.36 | 485.03 | 371.94 |
| Profit After Tax | 62.34 | 37.56 | 37.17 |
| EBITDA | 378.83 | 273.80 | 209.92 |
| Net Worth | 1,006.33 | 917.35 | 714.18 |
| Reserves & Surplus | 678.78 | 606.09 | 521.84 |
| Total Borrowing | 1,017.73 | 801.66 | 513.07 |
Key Performance Indicator -LEAP India IPO
| KPI | Value |
|---|---|
| ROE | 6.48% |
| ROCE | 19.06% |
| Debt/Equity | 1.01 |
| RoNW | 6.19% |
| PAT Margin | 8.34% |
| EBITDA Margin | 50.69% |
| NAV | 24.52 |
| Price to Book Value | 6.48 |
| EPS (₹) | 1.52 |
| P/E (x) | 104.61 |
| Market Cap | ₹6524.53 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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