Leap India IPO
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Leap India IPO details
Schedule of Leap India
| Issue open date | 07 Aug 2026 |
| Issue close date | 11 Aug 2026 |
| UPI mandate deadline | 11 Aug 2026 (5 PM) |
| Allotment finalization | 12 Aug 2026 |
| Refund initiation | 13 Aug 2026 |
| Share credit | 13 Aug 2026 |
| Listing date | 14 Aug 2026 |
| Mandate end date | 26 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 10 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 09 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Leap India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 2480 |
| Fresh Issue – Proceeds go to the company | 480 |
| Offer for sale – Proceeds go to the existing investors | 2000 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of outstanding borrowings | 360 (75%) |
| General corporate purposes | 120 (25%) |
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.
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.
Allotment Status for LEAP India
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Leap India
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 11, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 328.31 | 5528.46 | 16.84x |
| NII | 246.23 | 3111.84 | 12.64x |
| Retail | 574.54 | 983.20 | 1.71x |
| Employees | 0.83 | 9.09 | 10.99x |
| Total | 1149.92 | 9632.59 | 8.38x |