GMP IPO Watch
LEAP India IPO 2026: 14.7 Million Asset Network, Customer Retention, Valuation and Final-Day Investment Review
LEAP India IPO closes August 11, 2026 at ₹151–₹159 per share. Explore its ₹2,480 crore mai...
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L
Mainboard IPO
LISTED
BSE, NSE
LEAPIND
Leap India IPO
Leap India IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹13
+8.2%
Est. Listing: ₹172.00
Price Band
₹151 - ₹159
Per equity share
Lot Size
94 Shares
Min Invest: ₹14,946
Issue Size
₹2,480 Cr
Total Public Offering
Issue Dates
6 August 2026 – 10 August 2026
Bidding period
Subscription
8.38x
Total overall demand
Leap India IPO Details
Key facts at a glance| IPO Open Date | 6 August 2026 | IPO Close Date | 10 August 2026 |
|---|---|---|---|
| Basis of Allotment | 11 August 2026 | Listing Date | 13 August 2026 |
| Price Band | ₹151 - ₹159 per share | Face Value | ₹10 per share |
| Market Lot Size | 94 Shares | Min Investment (Retail) | ₹14,946 |
| Total Issue Size | ₹2,480 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Leap India IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 6 August 2026 | Confirmed |
| IPO Close Date | 10 August 2026 | Confirmed |
| Basis of Allotment | 11 August 2026 | Tentative |
| Initiation of Refunds | 13 August 2026 | Tentative |
| Credit of Shares to Demat | 13 August 2026 | Tentative |
| IPO Listing Date | 13 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 11 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Leap India IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 94 Shares | ₹14,946 |
| Retail (Max) | 13 Lots | 1,222 Shares | ₹1,94,298 |
| S-HNI (Min) | 14 Lots | 1,316 Shares | ₹2,09,244 |
| S-HNI (Max) | 66 Lots | 6,204 Shares | ₹9,86,436 |
| B-HNI (Min) | 67 Lots | 6,298 Shares | ₹10,01,382 |
Leap India IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹13 +8.2%
Estimated Listing Price
₹172.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 10 Aug 2026 | ₹16 | ₹175.00 | +10.06% |
| 7 Aug 2026 | ₹20 | ₹179.00 | +12.58% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Leap India IPO Subscription Status
Demand breakdown by investor category
Retail
1.71x
QIB
16.84x
NII / HNI
12.64x
Total
8.38x
About Leap India
LEAP India is an asset pooling company that provides supply chain solutions across India. The company’s core business involves the pooling of a large asset base, including over 14.7 million pallets, containers, and material handling equipment (MHEs). It rents these assets to over 1,000 clients in sectors such as fast-moving consumer goods (FMCG), automotive, industrials, and logistics. The company’s primary source of revenue is rental income from these pooled assets. Operating under a full-service model, LEAP India manages the warehousing and distribution of its returnable packaging assets through a pan-India network of 29 fulfilment centres and over 10,100 customer touchpoints. The entire business operates as a single segment focused on the hiring and trading of pallets, crates, and related services.
Key Strengths
- Largest on-demand asset pooling provider in India by number of pooled assets.
- Asset-light pooling model drives high utilisation and recurring revenues.
- Long-term contracts with diversified customers across FMCG and manufacturing.
- Integrated services covering pallets, containers, and material handling equipment.
- Technology-enabled tracking improves efficiency, visibility, and asset control.
Key Risks
- High dependence on the pallet pooling business for the majority of revenue.
- Loss or damage of pooled assets could increase costs and impact margins.
- Customer non-renewal or contract termination may affect cash flows.
- Dependence on suppliers and service partners for operations and maintenance.
- High borrowings expose the company to interest rate and covenant risks.
Leap India IPO Reservation & Share Quotas
The LEAP India IPO follows the SEBI-prescribed allocation structure for a Book-built Issue. The issue is reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. The final allotment in each category will be determined based on investor demand and the basis of allotment finalized after the IPO closes.
The category-wise reservation details for the public issue are provided below.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Note: The exact number of shares reserved for each investor category, including Anchor Investors, will be disclosed before the IPO opens for subscription. The final allocation will be carried out in accordance with SEBI regulations and the approved issue structure.
Leap India IPO Anchor Investors
LEAP India Limited has reserved a portion of its IPO for eligible Anchor Investors before the public subscription begins. Anchor investors are Qualified Institutional Buyers (QIBs) who participate in the issue one working day before the IPO opens, helping strengthen price discovery and enhance confidence among public investors.
The details below include the anchor bidding schedule, proposed allocation, issue size, and the applicable SEBI-prescribed lock-in periods. The final list of anchor investors and allocation details will be announced after the completion of the anchor placement process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 6, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor investor list, number of shares allotted, anchor issue size, and exact lock-in period end dates will be updated after the completion of the anchor allocation process. The lock-in period for anchor investors will be applicable in accordance with SEBI regulations.
Leap India IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 07 Aug 2026 |
| IPO Close Date | 11 Aug 2026 |
| Basis of Allotment | 12 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 14 Aug 2026 |
Note: The timeline for ಲೀಪ್ ಇಂಡಿಯಾ IPO is tentative and subject to change.
Leap India Promoters and Shareholding Pattern
The promoters of LEAP India Limited have played a significant role in the company's growth and strategic expansion. Following the IPO, the promoter group's shareholding will change due to the fresh issue of equity shares and the Offer for Sale (OFS), resulting in an increase in public shareholding.
The table below summarizes the shareholding pattern before and after the IPO based on the proposed issue structure.
Promoters of LEAP India Limited
- Sunu Mathew
- Vertical Holdings II Pte. Ltd.
| Category | Pre IPO Shares | Pre IPO Holding | Post IPO Shares | Post IPO Holding |
|---|---|---|---|---|
| Promoter and Promoter Group | 39,28,15,012 | 95.73% | – | -% |
| Others* | 1,75,32,768 | 4.27% | – | -% |
| Total | 41,03,47,780 | 100% | 44,05,36,459 | 100% |
Note: The post-IPO promoter and public shareholding percentages will be disclosed after the completion of the IPO and final allotment process. The above figures are based on the proposed issue structure outlined in the offer documents.
Leap India Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Leap India About the IPO
To be updated soon
Leap India Company Financial Report
To Be Updated Soon
Leap India Company Valuation & Key Performance Indicators
To Be Updated Soon
Leap India Peer Group Comparison
To Be Updated Soon
Leap India Lead Managers & Merchant Bankers
- JM Financial Ltd.
- Avendus Capital Pvt. Ltd.
- IIFL Capital Services Ltd.
- UBS Securities India Pvt. Ltd.
Leap India IPO FAQs
Leap India IPO opens for subscription on 6 August 2026 and closes on 10 August 2026.
The price band for Leap India IPO is set at ₹151.00 to ₹159.00 per share.
The minimum market lot size is 94 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 94 Shares (₹14,946).
The latest Grey Market Premium (GMP) for Leap India IPO is ₹13. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Leap India IPO is tentatively scheduled for 11 August 2026, and shares are expected to list on the stock exchanges on 13 August 2026.
The registrar details will be confirmed in the official prospectus.
Leap India IPO Analysis & Articles
