Asset pooling firm for supply chains, LEAP India, has set its price band for the IPO at ₹151-159 per share. The IPO consists of a ₹480 crore new equity issuance and an offer for sale of ₹2,000 crore from existing investors.
The price band of ₹151-159 per equity share has been established by LEAP India Limited for its IPO that is to be opened for subscription from Friday, August 7, 2026, till Tuesday, August 11, 2026.
Bidders can apply for a minimum number of 94 equity shares and in multiples of 94 equity shares thereafter.
The IPO entails a new issue of equity shares amounting to up to ₹480 crore along with an offer for sale (OFS) of ₹2,000 crore made by the promoters Vertical Holdings II Pte Ltd and promoter company KIA EBT Scheme 3, via its trustee Catalyst Trusteeship Limited.
The company intends to use ₹360 crore out of the fresh issue money for repayment or prepayment of its borrowings.
LEAP India’s Activities
LEAP India is a company which was set up in 2013 and uses the pooling system for their pallet service. In pallet pooling systems, rather than buying pallets for themselves, firms lease shared pallets.
Pallets are platforms that are used in storing and transporting merchandise from one place to another. In the pooling system, companies delegate the management of their pallets to outside organizations.
It will allow firms to cut down the costs associated with procurement, maintenance, storage space, and manpower.
According to the firm, LEAP India is the largest on-demand asset pooling service provider in India’s supply chain management industry by virtue of the number of assets it pools.
By March 31, 2026, the firm had 14.7 million assets and a presence through more than 10,100 customer interaction points throughout India.
The firm has a customer base covering industries such as fast-moving consumer goods (FMCG), food & beverage, 3PL, e-commerce, quick commerce, automotive and industrial industries.
As of March 31, 2026, the firm had over 1,000 customers where some of the largest clients had been doing business with the company for more than five years.
Supply chain network with technological advancement
LEAP India uses technologies to operate and maintain its relations with customers.
It has an in-house MyLEAP platform that enables customers to monitor their orders, handle assets, and generate reports. Additionally, it has integrated SAP S/4HANA and Salesforce platforms to ease the exchange of information with customers.
Financial performance
The revenue from operations of LEAP India reached ₹729.5 crore in FY26 from ₹365 crore in FY24.
The EBITDA of the company was recorded as ₹378.8 crore in FY26 from ₹209.9 crore in FY24, and EBITDA margin of 50.69% was recorded.
The net profit was recorded as ₹62.3 crore in FY26 from ₹37.2 crore in FY24. The profit after tax margin was reported as 8.34% in FY26.
Book Running Lead Managers of the Issue include JM Financial, Avendus Capital, IIFL Capital Services, and UBS Securities India. The appointment of MUFG Intime India as the Registrar has been made.
Equity Shares of LEAP India are proposed to be listed on BSE and NSE.
