The LEAP India IPO has officially opened for public subscription, making it one of the biggest IPOs of the month. Backed by global investment firm KKR, LEAP India is looking to raise ₹2,480 crore through its public issue. The IPO has already attracted strong attention after the company raised ₹743.6 crore from 32 anchor investors before the issue opened, indicating solid institutional confidence.

LEAP India is India's leading asset pooling and supply chain solutions company, providing reusable pallets, containers and material handling equipment to businesses across multiple industries.

LEAP India IPO Dates

The public issue opened on August 7, 2026, and will remain open until August 11, 2026.

If everything goes according to schedule, the company's shares are expected to be listed on the BSE and NSE on August 14, 2026.

Price Band and Lot Size

LEAP India has fixed the IPO price band at ₹151 to ₹159 per equity share.

Retail investors need to apply for a minimum lot of 94 shares, which means the minimum investment at the upper price band is approximately ₹14,946.

LEAP India IPO at a Glance

Grey Market Premium (GMP)

Before the IPO opened, LEAP India shares were trading at around a 12% premium in the grey market.

While a positive GMP reflects healthy investor sentiment, experts advise investors not to rely only on unofficial grey market prices while making investment decisions.

Strong Anchor Investor Response

One of the biggest positives for the IPO is the response from institutional investors.

The company raised ₹743.6 crore from 32 anchor investors before the public issue opened. This strong participation is generally seen as a positive sign because it reflects confidence from large institutional investors.

About LEAP India

Founded in 2013, LEAP India is a technology-enabled supply chain company.

Instead of selling pallets and containers, it follows an asset pooling model, where businesses rent reusable logistics equipment whenever required.

Its services include:

• Reusable pallets
• Plastic containers
• Material handling equipment
• Supply chain asset management
• Warehouse solutions

The company serves more than 900 customers across industries including FMCG, automotive, retail, pharmaceuticals and consumer electronics. It operates 30 warehouses and several manufacturing units across India.

Financial Performance

LEAP India has reported strong growth over the past financial year.

For FY26, the company reported:

• Revenue: ₹730 crore (approx.)
• Net Profit: ₹62.3 crore

Both revenue and profit showed healthy year-on-year growth, supported by increasing demand for organised supply chain solutions.

How Will the IPO Money Be Used?

The IPO consists of:

• Fresh Issue: ₹480 crore
• Offer for Sale (OFS): ₹2,000 crore

The company plans to use the fresh issue proceeds mainly for:

• Repayment of borrowings
• Strengthening the balance sheet
• General corporate purposes

Meanwhile, the Offer for Sale allows existing shareholders, including KKR-linked entities, to partially reduce their stake.

Should You Apply?

Many market experts believe LEAP India has several strengths:

• Market leader in asset pooling
• Backed by KKR
• Strong revenue growth
• Expanding customer base
• Growing demand for organised logistics

However, investors should also consider factors such as valuation, competition and execution risks before investing.

The IPO may suit investors who are looking at the long-term growth potential of India's logistics and supply chain sector rather than only short-term listing gains.

Final Words

The LEAP India IPO has entered the market with strong institutional support and positive investor sentiment. As India's logistics industry continues to modernise, companies offering technology-driven supply chain solutions could benefit from long-term growth.

While the grey market premium remains encouraging, investors should carefully read the Red Herring Prospectus (RHP), understand the company's business model and evaluate their own financial goals before applying.

FAQs

When did the LEAP India IPO open?

The IPO opened for subscription on August 7, 2026.

What is the LEAP India IPO price band?

The company has fixed the price band at ₹151 to ₹159 per share.

What is the size of the LEAP India IPO?

The IPO size is ₹2,480 crore, including a fresh issue of ₹480 crore and an Offer for Sale of ₹2,000 crore.

What is the latest LEAP India IPO GMP?

The latest grey market premium is around 12% over the upper price band, according to market observers.

When is the LEAP India IPO listing expected?

The shares are expected to be listed on August 14, 2026.

What does LEAP India do?

LEAP India provides asset pooling and supply chain solutions, including reusable pallets, containers and material handling equipment for businesses across multiple industries.