LEAP India, the KKR-backed supply chain management and asset pooling solutions provider, is set to launch its ₹2,480-crore Initial Public Offering (IPO) for public subscription on August 7, 2026. The IPO will remain open until August 11, while the anchor investor portion will open on August 6.
The company is expected to finalize the share allotment on August 12, with the shares likely to be listed on the BSE and NSE on August 14. The IPO’s price band will be announced separately on August 3.
IPO Structure: Fresh Issue Increased to ₹480 Crore
The public issue comprises:
- Fresh issue: ₹480 crore
- Offer for Sale (OFS): ₹2,000 crore
- Total issue size: ₹2,480 crore
The fresh issue size has been increased from the originally proposed ₹400 crore to ₹480 crore, while the OFS component remains unchanged.
Promoter entities Vertical Holdings II and KIA EBT Scheme 3 will sell shares worth approximately ₹1,998.62 crore and ₹1.37 crore, respectively, through the OFS.
Debt Reduction a Key Objective
According to the company’s offer documents, ₹360 crore from the fresh issue proceeds will be used to repay or prepay outstanding borrowings, while the remaining amount will be allocated toward general corporate purposes. The company’s consolidated borrowings stood at ₹1,023.2 crore as of June 2026.
Largest Asset Pooling Network in India
Headquartered in Mumbai, LEAP India operates one of India’s largest asset pooling and supply chain management platforms.
The company provides reusable logistics assets, including pallets, containers and material handling equipment, serving industries such as:
- FMCG
- Food & beverages
- Third-party logistics (3PL)
- E-commerce
- Quick commerce
- Automotive
- Industrials
As of June 2026, LEAP India managed 1.47 crore pooled assets through a network of over 10,100 customer touchpoints across India.
Strong Financial Performance
LEAP India reported robust growth in FY26:
| Financial Metric | FY26 | YoY Growth |
|---|---|---|
| Revenue | ₹729.5 crore | 56.4% |
| Net Profit | ₹62.3 crore | 66% |
The strong financial performance reflects increasing demand for organized supply chain infrastructure and asset pooling solutions across multiple industries.
Employee Reservation
The IPO includes a reservation of shares worth up to ₹1.25 crore for eligible employees. Book-running lead managers for the issue are:
- JM Financial
- Avendus Capital
- IIFL Capital Services
- UBS Securities India
LEAP India IPO Timeline
| Event | Date |
|---|---|
| Price Band Announcement | August 3, 2026 |
| Anchor Book Opens | August 6, 2026 |
| IPO Opens | August 7, 2026 |
| IPO Closes | August 11, 2026 |
| Allotment | August 12, 2026 |
| Expected Listing | August 14, 2026 |
Key Highlights
- IPO size: ₹2,480 crore
- Fresh issue: ₹480 crore
- Offer for Sale: ₹2,000 crore
- IPO opens: August 7
- Listing expected: August 14
- ₹360 crore earmarked for debt repayment
- FY26 revenue grew 56.4% to ₹729.5 crore
- FY26 profit increased 66% to ₹62.3 crore
Source: Company IPO details.
