LEAP India came to market through an IPO that opened on 7 August 2026 and closed on 11 August 2026, and the shares listed on 14 August 2026 on BSE, NSE. The price band was ₹151 to ₹159 per share and one lot was 94 shares, so the minimum application was ₹14,946. The issue size was ₹2480 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹165.9, a gain of 4.3% against the issue price of ₹159. MUFG Intime India Pvt.Ltd was the registrar to the issue, and JM Financial Ltd., Avendus Capital Pvt.Ltd., IIFL Capital Services Ltd., UBS Securities India Pvt.Ltd were the lead managers.
As of 11 August 2026.
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Overall the issue was subscribed 8.82 times.
LEAP India Ltd was incorporated in 2013 as an entity that provides sustainable supply chain and asset pooling solutions.These services include asset pooling, returnable packaging, inventory, transportation, repair and maintenance in various industries, such as e-commerce, FMCG, automotive, consumer durables, etc.
KKR invested in LEAP India by buying a majority stake in the company in 2023 in line with its Asia infrastructure strategy.Customers of LEAP India Ltd come from many different industries, among which are fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive, industrials, and others. Products: Pallets Containers Material handling equipment (MHE) As of March 31, 2025, LEAP India Ltd employed 366 people permanently.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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LEAP India Limited finalised its anchor investor allocation on August 6, 2026, raising ₹743.62 crore from 32 institutional investors at an anchor price of ₹159 per share. The anchor book comprises 4,67,68,854 equity shares allocated across domestic mutual funds, a life insurance company, foreign portfolio investors, and an alternative investment fund.
Domestic mutual funds received 33.34% of the anchor allocation through 6 fund houses across 15 schemes, including Axis Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, JM Financial Mutual Fund, ITI Mutual Fund, and Groww Mutual Fund. Aditya Birla Sun Life Insurance Company Limited received 6.72% as the sole life insurance participant. Leading foreign institutional investors include Smallcap World Fund, Inc.
at 21.51%, Government Pension Fund Global at 6.37%, The Prudential Assurance Company Limited and Amundi Funds New Silk Road each at 4.30%, and Monetary Authority of Singapore at 7.39%.
Sunu Mathew, Vertical Holdings II Pte.Ltd.. Promoter holding 95.42% before the issue and 60.61% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
LEAP India IPO was a ₹2,480 crore book-built issue, comprising a fresh issue of ₹480 crore and an offer for sale of ₹2,000 crore. It was priced at ₹151–₹159 per share with a lot size of 94 shares (₹14,946). The IPO was open from August 7 to August 11, 2026 and was subscribed 8.82x. Shares listed on BSE and NSE on August 14, 2026 at ₹165.90, a 4.3% premium to the issue price of ₹159. MUFG Intime India Pvt. Ltd.
is the registrar. JM Financial Ltd. and 3 other book running lead managers manage the issue.
The price band of LEAP India IPO is ₹151 to ₹159 per share.
The lot size of LEAP India IPO is 94 shares.
The minimum investment for LEAP India IPO is approximately ₹14,946 based on the upper price band.
The allotment date of LEAP India IPO is Aug 12, 2026.
No GMP quote could be verified as recorded before LEAP India IPO listed. A grey-market observation of ₹12 per share was recorded on 14 Aug 2026, 8:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹165.9. GMP is unofficial and does not forecast or guarantee the actual listing price.
LEAP India IPO listed on Aug 14, 2026. It was issued at ₹165.9(NSE) and is currently around ₹113.90 as on 2-Nov-2026 3:30 PM, which is approximately -28.4% versus issue price. The 52-week high is ₹172.29.
You can check LEAP India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the LEAP India IPO allotment status on Rupix for quick and easy access.
₹151 to ₹159 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 94 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,946.
₹14,946, for one lot of 94 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 August 2026 and closed on 11 August 2026.
The basis of allotment was published on 12 August 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 August 2026 on BSE, NSE, opening at ₹165.9.
The issue size was ₹2480 crore. The fresh issue was 3,01,88,679 shares (aggregating up to ₹480 crore). The offer for sale was 12,57,86,163 shares (aggregating up to ₹2000 crore).
It listed at ₹165.9 against an issue price of ₹159, a gain of 4.3 percent on listing day.