LEAP India IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| 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 |
Promoters: Sunu Mathew and Vertical Holdings II Pte. Ltd
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
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.
LEAP India Ltd., 14th Floor, Commerz, International Business Park Oberoi Garden, Off Western Express Highway,, Goregaon, Maharashtra, 400063
| Purpose | Amount (Cr) |
|---|---|
| Repayment / prepayment, in full or in part, of certain borrowings availed by the Company | 360.00 |
| Purposes | - |
Resources & Documents
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.
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.
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.
Grey market is quoting a premium of +Rs 13.5 (+8.5% over issue price), up Rs 11 from the previous session. Final subscription data records overall subscription at 8.37x, retail at 1.70x, QIB at 16.84x, NII at 12.63x.
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.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
LEAP India IPO GMP — What It Means
The latest grey market premium for LEAP India IPO is ₹14 (+8.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For LEAP India it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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