LEAP India’s ₹2,480 crore initial public offering (IPO) is set to open for subscription on August 7, 2026. According to the RHP, the book-built issue comprises a fresh issue of shares worth up to ₹480.00 crore and an Offer for Sale (OFS) of up to ₹2,000 crore by existing shareholders.

The IPO will remain open until August 11, 2026, while the anchor investor portion will open a day earlier on August 6, 2026. The basis of allotment is expected to be finalised on August 12, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on August 14, 2026.

LEAP India IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹2,480.00 crore
Fresh Issue: Up to ₹480.00 crore
Offer for Sale (OFS): Up to ₹2,000 crore
Face Value: ₹1 per equity share
Price Band: ₹151 to ₹159 per share
Lot Size: 94 shares
Minimum Investment Amount (Retail Investor): ₹14,946 (94 shares at the upper price band)
Listing: BSE, NSE
Book Running Lead Managers: JM Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited and UBS Securities India Private Limited
Registrar: MUFG Intime India Private Limited

LEAP India IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	7 August 2026
Subscription Closing Date	11 August 2026
Basis of Allotment Date	12 August 2026
Refund Initiation Date	13 August 2026
Credit of Shares	13 August 2026
Listing on BSE and NSE	14 August 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

LEAP India IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not more than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹159 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	94	₹14,946
Retail (Maximum)	13	1,222	₹1,94,298
sNII (Minimum)	14	1,316	₹2,09,244
bNII (Minimum)	67	6,298	₹10,01,382

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and or prepayment, in full or in part, of certain borrowings availed by the company
General corporate purposes.

About LEAP India Limited

Incorporated in 2013, LEAP India provides sustainable supply chain and asset-pooling solutions, offering pallet and container pooling, returnable packaging, transportation, inventory management, and material handling equipment. In 2023, global investment firm KKR acquired a majority stake in the company as part of its Asia infrastructure strategy.

As of March 31, 2026, the company served more than 1,000 customers across sectors including FMCG, food and beverage, e-commerce, logistics, automotive, and industrials. LEAP India also focuses on sustainable operations through responsible sourcing and ESG-driven product design.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	729.53	466.47	364.97
EBITDA	378.83	273.79	209.92
Profit After Tax (PAT)	62.34	37.56	37.17