LEAP India IPO
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.
IPO GMP
+₹13
+8% expected gain
Price Band
₹151 - ₹159
Lot Size
94 shares
Min Investment
₹14,946
Listing Date
August 14, 2026
About LEAP India
Company overview, business, and key facts.
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.
Founded
2013
Headquarters
Goregaon, Maharashtra
Promoters
Sunu Mathew, Vertical Holdings II Pte
Website
https://www.leapindia.net/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Operates in a High-Growth Market: Leverages the increasing popularity of palletization and future growth of the asset pooling supply chain market.
- Market Leader in Asset Pooling: Leading on-demand pooling company in India with a national presence and leading in pallet and forklift pooling.
- Strong Value Proposition to Customers: Offers customers asset-light, standardized, and scalable solutions that can lower costs and make supply chains more efficient.
Risks
- Renewal Risk: Relying on long-term agreements with customers. Failure to secure new deals and service expansions with existing clients can have an adverse effect on revenue and profitability.
- Infrastructure Risk: Disruptions to, failures of, or cybersecurity threats related to the technology infrastructure used can harm operations and business performance.
- Loss of Pooled Assets Risk: Loss, damage, or poor control of pooled items like pallets and crates can increase the cost of replacement and hurt financial performance.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
LEAP India IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹7,004.5 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
112.4x
Price to sales
9.37x
Revenue growth, 2026
+54.1%
41.8% a year over the period
Profit growth, 2026
+66%
29.5% a year over the period
Profit margin (PAT)
8.3%
EBITDA margin 50.69%
ROE / ROCE
6.48% / 19.06%
As published in the offer document
Debt to equity
1.01
Issue mix
19.4% fresh / 80.6% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,222
94 shares on ₹14,946. GMP is unofficial.
What stands out
- Profit grew 66% in 2026.
Watch-outs
- Leverage: debt to equity is 1.01.
- 80.6% of the issue is an offer for sale, so most money goes to selling shareholders, not the company.
- 100% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison.
IPO Analysis SummaryAI-generated
A plain-language review of LEAP India's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
LEAP India IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, LEAP India IPO is trading at a grey market premium (GMP) of +₹13 (+8% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 8.38x overall — QIB: 16.84x, NII: 12.64x, Retail: 1.71x.
LEAP India IPO subscription has closed. The shares are expected to list on August 14, 2026.
The minimum investment required is ₹14,946 for 94 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Operates in a High-Growth Market: Leverages the increasing popularity of palletization and future growth of the asset pooling supply chain market.; Market Leader in Asset Pooling: Leading on-demand pooling company in India with a national presence and leading in pallet and forklift pooling.. Investors should note the following risks: Renewal Risk: Relying on long-term agreements with customers. Failure to secure new deals and service expansions with existing clients can have an adverse effect on revenue and profitability.; Infrastructure Risk: Disruptions to, failures of, or cybersecurity threats related to the technology infrastructure used can harm operations and business performance..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
LEAP India IPO — Frequently Asked Questions
What is LEAP India IPO GMP today?
LEAP India IPO GMP (grey market premium) today is +₹13, suggesting an estimated listing gain of +8%. GMP is indicative and subject to change.
What is the price band of LEAP India IPO?
The price band for LEAP India IPO is ₹151 - ₹159 with a lot size of 94 shares. The minimum investment required is ₹14,946.
When is LEAP India IPO allotment date?
LEAP India IPO allotment is expected to be finalised on August 12, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will LEAP India IPO list on NSE/BSE?
LEAP India IPO is expected to list on BSE, NSE on August 14, 2026.
How to check LEAP India IPO allotment status?
To check LEAP India IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for LEAP India IPO?
LEAP India IPO has a GMP of +₹13. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of LEAP India IPO?
The lot size for LEAP India IPO is 94 shares per lot. The minimum investment for retail investors is ₹14,946. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.