LEAP India, a supply chain management and asset pooling company backed by global investment firm KKR, is set to launch its Initial Public Offering (IPO) on August 7, 2026. The company has fixed the price band for its equity shares at Rs 151 to Rs 159 apiece.
Key Dates and Issue Details
The anchor investor portion of the IPO will open for a single day on August 6, preceding the main public subscription period. Retail and institutional investors can subscribe to the issue from August 7, with the offering closing on August 11. Investors are required to bid for a minimum of 94 shares and in multiples thereafter.
At the upper end of the price band, the LEAP India IPO is projected to raise Rs 2,480 crore. This includes a fresh issue component of Rs 480 crore, an increase from the Rs 400 crore initially proposed in the draft papers. The remaining Rs 2,000 crore constitutes an Offer For Sale (OFS), where existing shareholders will offload their stakes.
Offer for Sale Breakdown
- Vertical Holdings II (KKR's entity) will sell shares worth Rs 1,998.62 crore.
- KIA EBT Scheme 3 will offload shares valued at Rs 1.37 crore.
The company has also reserved shares worth up to Rs 1.25 crore for eligible employees. Half of the net issue is allocated to Qualified Institutional Buyers (QIBs), 15 percent to Non-Institutional Investors (NIIs), and the remaining 35 percent to retail investors.
About LEAP India and Financial Performance
Headquartered in Mumbai, LEAP India operates a comprehensive asset pooling platform across India. It boasts 1.47 crore assets and a vast network of over 10,100 customer touchpoints. The company serves diverse sectors, including Fast-Moving Consumer Goods (FMCG), food and beverages, third-party logistics, e-commerce, quick commerce, automotive, and industrials.
For the fiscal year ended March 31, 2026, LEAP India reported a significant financial uplift. Its net profit surged by 66 percent to Rs 62.3 crore, up from Rs 37.6 crore in the previous fiscal year. Concurrently, revenue from operations grew by 56.4 percent, reaching Rs 729.5 crore compared to Rs 466.5 crore in FY25.
Use of Proceeds and Listing
From the fresh issue proceeds, LEAP India plans to utilize Rs 360 crore specifically for the repayment of outstanding debt. As of June 2026, the company's consolidated borrowings stood at Rs 1,023.2 crore. The remaining funds from the fresh issue will be allocated for general corporate purposes.
The IPO is being managed by a consortium of investment banks, including JM Financial, Avendus Capital, IIFL Capital Services, and UBS Securities India. Market observers noted a Grey Market Premium (GMP) of Rs 8 per share, suggesting a potential 5 percent listing gain. Shares are tentatively expected to debut on the stock exchanges on August 14, 2026.