MUMBAI: LEAP India Limited has fixed the price band for its Initial Public Offering at Rs. 151 to Rs. 159 per equity share with a face value of Re. 1. The public issue will open for subscription on Friday, August 7, and close on Tuesday, August 11, while the anchor investor allocation is scheduled for Thursday, August 6.
The IPO lot size has been fixed at 94 equity shares and in multiples of 94 shares thereafter. As per SEBI regulations, up to 50 per cent of the issue has been reserved for Qualified Institutional Buyers (QIBs), at least 15 per cent for Non-Institutional Investors (NIIs), and a minimum of 35 per cent for retail investors. The company has also earmarked equity shares worth up to Rs. 1.25 crore for eligible employees.
The basis of allotment is expected to be finalised on August 12, with refunds and credit of shares to successful applicants’ demat accounts likely on August 13. The company’s shares are expected to be listed on the BSE and NSE on August 14.
The IPO comprises a fresh issue of equity shares worth Rs. 480 crore and an Offer for Sale (OFS) of Rs. 2,000 crore by existing shareholders. LEAP India had filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in August 2025 for an IPO worth Rs. 2,400 crore and received regulatory approval in December 2025.
The size of the fresh issue has been increased from the proposed Rs. 400 crore, while the OFS remains unchanged. Promoter entities Vertical Holdings II and KIA EBT Scheme 3 will sell shares worth Rs. 1,998.62 crore and Rs. 1.37 crore, respectively.
As told to our newsman Sachin Murdeshwar The company plans to utilise Rs. 360 crore from the net proceeds of the fresh issue to repay or prepay borrowings, with the balance earmarked for general corporate purposes. As of June 2026, LEAP India had consolidated outstanding borrowings of Rs. 1,023.2 crore.
Incorporated in 2013, the company utilises its ‘share and reuse’ business model, referred to as pooling, and it is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled Assets), according to the F&S Report. As of March 31, 2026, the company has 14.70 million assets and it maintains a pan-India network of over 10,100 customer touchpoints. This circular business model of the company supports its customers while reducing environmental impact and enhancing the time and cost efficiency and safety of supply chains for its customers across India.
As of March 31, 2026, the company had more than 1,000 customers. The nature of its solutions and integration of these solutions into the its customers’ operations drives their dependence on the company, loyalty and retention for it, with a majority of the company’s top 10 customers (in terms of revenue contribution in Fiscal 2026) having been with it for more than five years.
The company leverages technology to deliver its solutions to its customers. Its in-house developed MyLEAP platform provides customers with an interface, which highlights order information for tracking and management, details of recent orders, options for swapping damaged assets, reports, as well as offering options for help and support. It has integrated SAP S/4HANA and Salesforce Management into its systems, enabling electronic data interchange with customers
For FY26, the Company’s Total Income stood at Rs 7,473.55 million as against Rs 3,719.44 million in FY24, while Revenue from Operations increased to Rs 7,295.33 million from Rs 3,649.71 million. EBITDA increased to Rs 3,788.29 million from Rs 2,099.18 million, with an EBITDA Margin of 50.69%. Net Profit After Tax increased to Rs 623.41 million from Rs 371.74 million in FY24, with a PAT Margin of 8.34%.
JM Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited and UBS Securities India Private Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.
The equity shares are proposed to be listed on BSE and NSE.