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LEAP India IPO Allotment Finalized: Check Status, GMP, and Listing Details

· · 3 min read

LEAP India's initial public offering allotment was finalized today, August 12. The Rs 2,480 crore issue saw strong investor interest, subscribing 8.38 times, with shares tentatively listing on August 14.

LEAP India IPO Allotment Finalized Today

Mumbai-based LEAP India, a specialist in sustainable supply chain and asset-pooling solutions, has finalized the basis of allotment for its initial public offering (IPO) on Wednesday, August 12. Investors who participated in the offering can expect messages, alerts, or emails regarding the debit of their funds or revocation of IPO mandates by Thursday, August 13.

IPO Details and Subscription Performance

The LEAP India IPO was open for bidding from August 7 to August 11, with shares offered in a price band of Rs 151-159 apiece and a lot size of 94 shares. The company successfully raised Rs 2,480 crore through the issue, which included a fresh share sale of Rs 480 crore and an offer-for-sale (OFS) of up to 12,57,86,162 equity shares valued at Rs 2,000 crore.

The IPO garnered a decent response from investors, being subscribed 8.38 times overall, attracting bids worth over Rs 15,300 crore via more than 9.87 lakh applications. The qualified institutional bidders (QIBs) portion was booked 16.84 times, while the non-institutional investors (NIIs) quota saw 12.64 times subscription. Retail investors subscribed 1.71 times, and the employee portion was subscribed 10.99 times.

Grey Market Premium (GMP) and Listing Prospects

Following the robust bidding, LEAP India's grey market premium (GMP) has remained stable, despite muted sentiments in the broader listed markets. The company was last heard commanding a GMP of Rs 13 per share, suggesting a potential listing gain of approximately 8 percent for investors. The shares are tentatively scheduled to be listed on both the BSE Ltd and NSE on Friday, August 14.

About LEAP India

Incorporated in 2013, LEAP India provides comprehensive services, including equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance. The company caters to diverse industries such as e-commerce, FMCG, automotive, and consumer durables.

How to Check Your LEAP India IPO Allotment Status

Investors can check their allotment status through the following methods:

1. Via BSE Website:

  1. Visit https://www.bseindia.com/investors/appli_check.aspx
  2. Under 'Issue Type', select 'Equity'.
  3. Under 'Issue Name', choose 'LEAP India Limited' from the dropdown menu.
  4. Enter your 'Application Number'.
  5. Add your 'PAN card ID'.
  6. Click on 'I am not a Robot' and then 'Search'.

2. Via NSE Website:

  1. Go to https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
  2. Select ‘Equity & SME IPO Bid details’.
  3. Under ‘Select Symbol’, choose ‘LEAP’.
  4. Input your PAN Number and Application Number.
  5. Click on ‘Submit’.

3. Via Registrar's Portal (MUFG Intime India):

MUFG Intime India is the official registrar for the LEAP India IPO. The registrar is responsible for processing applications and managing the allotment process.

  1. Visit the web portal of MUFG Intime India Limited: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
  2. Select the IPO/FPO from the dropdown menu (the name will appear once allotment is finalized).
  3. Choose one of three modes: Application number, Demat Account number, or PAN ID.
  4. Select 'ASBA' or 'non-ASBA' for application type.
  5. Enter the details based on your chosen mode.
  6. Complete the security captcha accurately.
  7. Click 'Submit'.

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