LEAP India Limited’s Initial Public Offering to Open on Friday, August 07, 2026, Price Band set at ₹ 151 – ₹ 159 per Equity Share
- Price band of ₹ 151– ₹ 159 per Equity Share bearing face value of ₹ 1 each “Equity Shares”
- Bid/Offer Opening Date – Friday, August 07, 2026 and Bid/Offer Closing Date – Tuesday, August 11, 2026.
- Minimum Bid Lot is 94 Equity Shares and in multiples of 94 Equity Shares thereafter
Mumbai, August 03, 2026: LEAP India Limited has fixed the price band of ₹ 151/- to ₹ 159/- per Equity Share of face value ₹ 1/- each for the initial public offer of its Equity Shares of face value ₹ 1/- each (“IPO” or “Offer”).
The IPO of the Company will open on Friday, August 07, 2026, for subscription and close on Tuesday, August 11, 2026.
The issued, subscribed and paid-up shared capital of the Company before the Offer comprises 410,347,780 Equity Shares of ₹ 1 each
The Offer, comprises of a Fresh Issue of such number of Equity Shares aggregating up to ₹ 4,800 million and an offer-for-sale of ₹ 20,000 million by Vertical Holdings II Pte Ltd, one of the Promoter and KIA EBT Scheme 3 (acting through its trustee, Catalyst Trusteeship Limited), a member of the promoter group.
Net Proceeds from the Fresh Issue portion of the Offer to the extent of ₹ 3,600 million are proposed to be utilised for repayment / prepayment, in full or in part, of certain borrowings availed by the company.
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.
The company’s service offerings encompass technology-enabled supply chain solutions that suit customer requirements across industries. The company’s solutions help customers to connect different stages of their own value chain, from the point of manufacturing to distribution of goods all the way to the point of sale (retail).
According to the F&S Report, pallets are a critical element of modern supply chains, enabling companies to operate more efficiently, reduce costs, and deliver products reliably and safely. Further, pallet pooling is a system where companies use pallets from a shared pool instead of purchasing their own pallets; this system is gaining traction as a cost-effective and efficient method to integrate palletization into supply.
Under this model, the ownership and management of pallets is outsourced to third party providers, effectively treating pallets as a service. This reduces the burden of procurement, maintenance, tracking, warehousing space requirements, manpower, and time, while ensuring consistent quality and availability across operations, according to the F&S Report.
Through its large asset base and pan-India network, the company is able to serve 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.
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.
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