LEAP India Limited is India’s largest technology-enabled asset pooling platform, providing sustainable supply chain solutions through a circular “share and reuse” model. The company offers end-to-end logistics asset pooling services that help businesses reduce capital expenditure, improve operational efficiency, and enhance supply chain sustainability. In 2023, global investment firm KKR acquired a majority stake in LEAP India, strengthening its growth and expansion strategy.
Offerings:
- Pallet Pooling: Wooden pallets for storage, handling, and transportation.
- Returnable Containers: Reusable plastic crates and containers for supply chain operations.
- Material Handling Equipment (MHE): Rental of forklifts, reach trucks, pallet trucks, stackers, and other warehouse equipment.
- Digital Asset Management: RFID- and IoT-enabled tracking, inventory management, transport management, and proof-of-delivery solutions through the company’s MyLEAP platform.
- Value-added Services: Asset repair, maintenance, retrieval, warehousing, and logistics support.
The company serves a diversified customer base across FMCG, food & beverages, third-party logistics (3PL), e-commerce & quick commerce, automotive, industrial, retail, and consumer goods sectors.
As of March 31, 2026, LEAP India had partnerships with more than 1,000 customers, including several leading blue-chip companies. The company also integrates ESG principles into its operations by promoting reusable logistics assets and responsible resource utilization.
As of March 31, 2026, LEAP India managed 14.70 million assets, operated through 10,100+ customer touchpoints across India, and employed 419 permanent employees along with 2,062 MHE operators.
LEAP India IPO – Details
| IPO Opening Date | 07 August 2026 |
| IPO Closing Date | 11 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 15,59,74,842 Shares Worth ₹2480 Crore Fresh Issue: 3,01,88,679 Shares Worth ₹480 Crore Offer For Sale: 12,57,86,163 Shares Worth ₹2000 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹151 – ₹159 per share |
| Market Lot | 94 Shares |
| Min Order | 94 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
LEAP India IPO – Date Schedule
| IPO Open Date | 07 August 2026 |
| IPO Close Date | 11 August 2026 |
| Basis of Allotment | 12 August 2026 |
| Initiation of Refund | 13 August 2026 |
| Credit of Shares to Demat Account | 13 August 2026 |
| IPO Listing Date | 14 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2026 |
LEAP India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,946 |
| Retail (Max) | 13 | 1,222 | ₹1,94,298 |
| S-HNI (Min) | 14 | 1,316 | ₹2,09,244 |
| S-HNI (Max) | 66 | 6,204 | ₹9,86,436 |
| B-HNI (Min) | 67 | 6,298 | ₹10,01,382 |
Competitive Strength
- Industry with multi-decadal and rapid growth story.
- Largest on-demand supply chain asset pooling company, in an industry with high barriers to entry.
- Trusted supply chain partner equipped to meet evolving customer needs with a focus on quality and sustainability.
- Highly resilient business model with a blue-chip customer base across high-growth sectors.
Company Promoters
- Sunu Mathew
- Vertical Holdings II Pte.Ltd.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹371.94 Cr | ₹325.24 Cr | ₹37.17 Cr | ₹513.07 Cr |
| 31 March 2025 | ₹485.03 Cr | ₹432.97 Cr | ₹37.56 Cr | ₹801.66 Cr |
| 31 March 2026 | ₹747.36 Cr | ₹666.50 Cr | ₹62.34 Cr | ₹1,017.73 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 6.48% |
| ROCE | 19.06% |
| Debt/Equity | 1.01 |
| RoNW | 6.19% |
| PAT Margin | 8.34% |
| EBITDA Margin | 50.69% |
| NAV | 24.52 |
| Price to Book Value | 6.48 |
| Pre IPO | Post IPO | |
| EPS (₹) | 1.52 | 1.42 |
| P/E (x) | 104.61 | 111.97 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/prepayment, in full or in part, of certain borrowings availed by the Company. | ₹360.00 |
| General Corporate Purpose. |
LEAP India IPO Peer Comparison
- The company believes it has no directly comparable listed peers in India or globally due to the unique nature of its business model and the scale of its operations. Based on its analysis of regulatory filings and industry data, no suitable listed industry peers have been identified.
✅Strengths
- India’s largest technology-enabled asset pooling platform.
- Diversified portfolio of pallets, containers, and MHE.
- Strong customer base across multiple industries.
- Technology-driven and sustainable business model.
- Backed by experienced management and KKR.
⚠️Risks
- High dependence on customer retention and asset utilization.
- Capital-intensive business requiring continuous investments.
- Risk of asset damage, loss, or theft.
- Raw material cost fluctuations may impact margins.
- Integration risks from acquisitions like CHEP India.
LEAP India IPO Promoter Holding
| Pre-Issue Share Holding | 95.73% |
| Post Issue Share Holding | 60.61% |
LEAP India IPO Prospectus
Company Contact Information
| LEAP India Limited 14th Floor Commerz, International Business Park, Oberoi Garden, Off Western Express Highway, Goregaon, Maharashtra, 400063 Phone: +91 22 6958 8700 Email: compliance@leapindia.net Website: https://www.leapindia.net/ |
LEAP India IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: +91-22-4918 6270 Email: leapindia.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
LEAP India IPO Lead Manager(s)
| 1. JM Financial Limited 2. IIFL Capital Services Limited 3. Avendus Capital Private Limited 4. UBS Securities India Private Limited |
LEAP India IPO FAQs
| What is the LEAP India IPO? LEAP India IPO is a main-board IPO. The issue is priced at ₹151 to ₹159 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the LEAP India IPO open? The IPO is to open on 07 August 2026 for QIB, NII, and Retail Investors. |
| What is LEAP India IPO investors’ portion? The investors’ portion is QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the LEAP India IPO Size? LEAP India IPO size is ₹2480 Crore. |
| What are the LEAP India IPO Minimum and maximum lot sizes for Retail? The minimum bid is 94 Shares with ₹14,946, while the maximum bid is 1222 Shares with ₹1,94,298. |
| What is the LEAP India IPO Allotment Date? LEAP India IPO allotment date is 12 August 2026. |
| What is the LEAP India IPO Listing Date? LEAP India IPO listing date is 14 August 2026. The IPO is to be listed on the BSE and the NSE. |
