LEAP India IPO
LEAP India IPO Listing Day Performance
LEAP India listed on BSE & NSE on 14 August 2026 at ₹165.90, a 4.34% premium over the issue price of ₹159. A retail investor allotted one lot of 94 shares gained ₹649 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹13.5 (+8.5%) |
| GMP-implied listing | ₹173 |
| Actual listing | ₹165.90 |
| Difference | −₹6.6 (−3.8%) |
Demand going into listing
| Subscribed overall | 8.37× |
| QIB | 16.84× |
| NII | 12.63× |
| Retail | 1.7× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 4 | Day 5 |
|---|---|---|---|
| QIB | 0.61x | 0.61x | 16.84x |
| NII | 0.11x | 0.50x | 12.63x |
| bNII > ₹10L | 0.08x | 0.41x | 13.77x |
| sNII 2-10L | 0.15x | 0.68x | 10.37x |
| Retail | 0.13x | 0.41x | 1.70x |
| Employee | 1.07x | 2.95x | 10.95x |
| Total | 0.26x | 0.49x | 8.37x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 371.94 | 485.03 | 747.36 |
| Expense | 325.24 | 432.97 | 666.50 |
| Profit (PAT) | 37.17 | 37.56 | 62.34 |
| Total Assets | 1,400.28 | 2,042.46 | 2,401.05 |
Strengths & Risks
- Strongly subscribed — 8.4x overall (so far).
- Strong institutional (QIB) demand — 16.8x.
- Revenue grew 54% in the latest reported year.
- Solid profit margin — 8.3%.
- Modest return on equity — 6%.
- Elevated leverage — debt/equity of 1.01.
- Largely an offer for sale — most proceeds go to selling shareholders, not the company.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About LEAP India
LEAP India Ltd, founded in 2013, provides sustainable supply chain and asset-pooling solutions, including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance. Businesses can rent or share equipment from LEAP instead of owning it. Its product portfolio includes Pallets up to 5-ton load capacity, Containers, Material Handling Equipment (MHE), Articulated Forklifts, and VNA (Very Narrow Aisle) Forklifts. Its products are used in various industries 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. As of March 31, the firm has a partnership with more than 1000 customers such as 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.
Company Contact Information
LEAP India Ltd., 14th Floor, Commerz, International Business Park Oberoi Garden, Off Western Express Highway,, Goregaon, Maharashtra, 400063
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment / prepayment, in full or in part, of certain borrowings availed by the Company | 360.00 |
| Purposes | - |
Resources & Documents
Anchor Investors
LEAP India IPO - Quick Take
LEAP India has set a price band of Rs 151–Rs 159 per share for an issue size of Rs 2,480 crore. The stock listed with a 4.34% gain versus its issue price on August 14, 2026.
The issue is promoted by Sunu Mathew and Vertical Holdings II Pte. Ltd with JM Financial Ltd., Avendus Capital Pvt. Ltd., IIFL Capital Services Ltd., UBS Securities India Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment / prepayment, in full or in part, of certain borrowings availed by the Company (Rs 360 crore) and purposes.
On fundamentals, the company is posting revenue growth of 54.1%, a profit margin of 8.3%, return on equity of 6.5% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
LEAP India IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 8.5%. Of the 38 Mainboard IPOs we have tracked with a final GMP under 10%, 25 listed above, 6 flat and 7 below the issue price; LEAP India listed 4.3% above its issue price.
See the full LEAP India GMP history and trend, or learn how grey market premium works and how reliable it is.
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