LEAP India Limited

LEAP India (NEW IPO): GMP, Profit, Price & expert review

by

LEAP India Limited is a Mumbai-based supply chain solutions company specializing in on-demand asset pooling services – renting out pallets, containers and material-handling equipment that help businesses reduce logistics costs and improve efficiency. Its “share and reuse” model supports sectors like FMCG, food & beverage, e-commerce, automotive, and industrial supply chains across India.

LEAP India Limited was incorporated on 2013 & currently Mr. Sunu Mathew serves as the Chairman & Managing Director (MD) of the company.

LEAP India Limited managed about 13.57 million pooled assets supported by a network of ~7,747 customer touchpoints and 30 fulfilment centres across India. It serves over 900 customers across FMCG, beverages, e-commerce, automotive and industrial sectors, making it a leading on-demand asset pooling provider.

LEAP India Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) ₹ 2,400 crore, comprising a Fresh issue of ₹ 400 Crore and an Offer-for-sale (OFS) of ₹ 2,000 Crore.

Subscription date to apply for LEAP India Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 2400 Cr
Fresh Issue:₹ 400 Cr
Offer for Sale:₹ 2000 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

LEAP India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 917.34 Cr
Revenue:₹ 466.47 Cr
EBITDA₹ 273.79 Cr
EBITDA Margin:~56.45%
PAT₹ 37.55 Cr
PAT Margin~8.05%
Face Value:₹ 01

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing Payment~ ₹ 300.11 Cr
Repayment and/or pre-payment~ ₹ 221.27 Cr
Sales and Marketing~ ₹ 00 Cr
Ultra-Advanced AI Staffing Suite ₹ 00 Cr

LEAP India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 253.36₹ 364.97₹ 466.47
PAT (₹ Cr)₹ 9.01₹ 37.17₹ 37.55
Asset (₹ Cr)₹ 1115.39₹ 1400.27₹ 2042.45
Net Worth (₹ Cr)₹ 569.4₹ 714.17₹ 917.34

LEAP India Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
20-Apr₹ –₹ –₹ –
19-Apr₹ –₹ –₹ –
18-Apr₹ –₹ –₹ –
17-Apr₹ –₹ –₹ –
16-Apr₹ –₹ –₹ –
LEAP India Limited

LEAP India Limited IPO Pros & Cons

Strengths:

  • Leader in India’s asset pooling market with a large national footprint.
  • Strong revenue growth and increasing profitability in recent years.
  • Tech-enabled and scalable business model addressing logistics cost inefficiencies.
  • Diversified customer base across multiple resilient sectors.
  • Backed by institutional investors with deep operational support.

Risks:

  • High capital intensity due to asset acquisition and maintenance.
  • Competitive pressures from traditional logistics and asset providers.
  • Dependent on macroeconomic demand for supply chain services.
  • Execution risks in scaling fulfilment centres and managing asset utilization efficiently.

LEAP India Limited
Promoters – Pre offer equity (Approx)

Promoters%Shares
Vertical Holdings II Pte. Ltd.~ 73.94 %
Sunu Mathew~ 21.34 %
––
––
––
––

LEAP India Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of LEAP India Limited

Lead / Book Running Lead ManagersJM Financial Limited,
IIFL Capital Services Limited,
UBS Securities India Private Ltd,
Avendus Capital Private Limited
Registrar (RTA)MUFG Intime India Private Limited

FAQ’S of LEAP India Limited

  • It is India’s largest on-demand supply chain asset pooling company, offering pallets, containers, material-handling equipment and integrated logistics solutions to reduce costs and improve efficiency.

  • Leap India is raising funds via IPO to strengthen the company’s balance sheet by repaying debt, improving financial flexibility and supporting future growth initiatives.

  • The issue size of the IPO is ₹ 2400 crore comprising of ₹ 400 Crore as Fresh Issue and ₹ 2000 Crore as OFS. It will be listed on BSE and NSE platform.

  • Key risks include capital-intensive operations, reliance on supply chain demand, pricing & execution challenges, and macroeconomic sensitivity common to logistics businesses.

  • Upsides include strong recurring revenue model, leadership in asset pooling, scalable tech platform, and diversified customer base could drive growth in India’s expanding logistics sector.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

For more amazing blogs click here (IPO Corner).

Leave a comment