Bookbuilding IPO | ₹2,400 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of LEAP India Ltd. on December 5, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
LEAP India Ltd. IPO is a Book Build Issue of ₹2,400.00 crores consisting of a fresh issue of shares worth Rs ₹400.00 crores and an offer for sale (OFS) of ₹2,000.00 crores.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to LEAP India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹2,400 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹400 Cr) |
| Offer for Sale | [.] shares of ₹1 (agg. up to ₹2,000 Cr) |
| Share Holding Pre Issue | 12,07,30,296 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| SEBI/Exchange approval received | Fri, Dec 5, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2013, LEAP India Ltd specializes in sustainable supply chain and asset-pooling solutions.
It offers services including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance across industries like e-commerce, FMCG, automotive, and consumer durables.
Global investment firm KKR acquired a majority stake in LEAP India in 2023, aligning with its Asia infrastructure strategy
The company serve a diverse customer base spanning sectors such as fastmoving consumer goods (“FMCG”), food and beverage (“F&B”), third-party logistics (“3PL”), e-commerce and quick commerce, automotive, industrials and others.
Offerings:
As of March 31, 2025, the company had 366 permanent employees.
Competitve Strengths:
LEAP India Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 1% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,042.46 | 1,400.28 | 1,115.39 |
| Total Income | 485.03 | 371.94 | 258.17 |
| Profit After Tax | 37.56 | 37.17 | 9.01 |
| EBITDA | 273.80 | 209.92 | 126.29 |
| NET Worth | 917.35 | 714.18 | 569.41 |
| Reserves and Surplus | 606.09 | 521.84 | 525.83 |
| Total Borrowing | 801.66 | 513.07 | 354.54 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / prepayment, in full or in part, of certain borrowings availed by the Company | 300.12 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 4.60% |
| ROCE | 18.01% |
| Debt/Equity | 0.87 |
| RoNW | 4.09% |
| PAT Margin | 39.44% |
| EBITDA Margin | 56.45% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.62% |
LEAP India IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹2,400 Crores. The issue is priced at To be declared. The minimum order quantity is .
The LEAP India IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in LEAP India IPO using UPI as a payment gateway. Zerodha customers can apply in LEAP India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LEAP India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The LEAP India IPO dates are not announced. Please check back again after some time.
LEAP India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in LEAP India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for LEAP India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the LEAP India IPO allotment status.
The LEAP India IPO listing date is not yet announced. The tentative date of listing is .
