IPO Snapshot
Key metrics and details at a glance.
Price Band
₹159
Per ShareLot Size
94 Shares
Minimum Investment
₹14,946
Issue Size
₹2,480 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Leap India Ltd
Business model, operations, and market positioning.
About the Company
Utilizing a `share and reuse' business model, referred to as pooling, we offer pallets (which are flat carrier structures, that support goods in a stable manner while being handled by forklifts, pallet jacks, or conveyors), containers and material handling equipment (which are equipment used in managing a warehouse) to customers for their supply chain needs. We are the largest on-demand asset pooling provider in India's supply chain management sector (based on the number of pooled assets), according to the F&S Report.
Industry Overview
As India scales its global manufacturing footprint, the need for efficient, digitally integrated, and resilient supply chains is becoming more critical. Modern warehousing, material handling equipment (MHE), and pallet systems are increasingly vital to meeting global standards. While developed economies like North America or the EU have more than 90% palletization rates in CY2024, emerging economies, especially India, shows a very high growth potential with only 15% palletization in CY2024.
Company History
Our Company was incorporated as LEAP India Private Limited as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 3, 2013, issued by the RoC. Subsequently, our Company was converted into a public limited company pursuant to a Board resolution dated June 27, 2025, and a special resolution passed by our Shareholders on July 17, 2025, and consequently the name of our Company was changed to LEAP India Limited, and a fresh certificate of incorporation dated July 31, 2025 was issued by the RoC CPC.
Growth Strategy
- High growth potential on the back of increasing penetration of palletization and pallet pooling.
- Integrate CHEP India and selectively pursue inorganic growth opportunities.
- Expand our product offerings to existing customers.
- International expansion.
Promoter Holding (Pre-Issue)
90.05%
Promoter Holding (Post-Issue)
43.28%
Issue Type
Book Building
ISIN
INE00GO01025
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 155,974,840 equity shares of face value of Re. 1 each ("Equity Shares") of Leap India Limited ("Company") for cash at a price of Rs. 159 per equity share (including a share premium of Rs. 158 per equity share) ("Offer Price") aggregating to Rs. 2480.00 Crores (the "Offer") comprising a fresh issue of 30,188,678 equity shares of face value of Re. 1 each aggregating to Rs. 480.00 Crores by the company ("Fresh Issue") and an offer for sale of 125,786,162 equity shares of face value of Re. 1 each aggregating to Rs. 2000.00 Crores (the "Offer For Sale"), consisting of 125,699,599 equity shares of face value of Re. 1 each aggregating to Rs. 1998.62 Crores by Vertical Holdings II Pte. Ltd. (the "Promoter Selling Shareholder") and 86,603 equity shares of face value of Re. 1 each aggregating to Rs. 1.38 Crores by Kia EBT Scheme 3 (Acting Through its Trustee, Catalyst Trusteeship Limited) (the "Promoter Group Selling Shareholder", and together with promoter selling shareholder, the "Selling Shareholders" and such equity shares so offered by the selling shareholders, the "Offered Shares" and such offer for sale together with the fresh issue, the "Offer"). The offer includes a reservation of up to 78,616 equity shares of face value of Re. 1 each, aggregating up to Rs. 1.25 Crores (constituting 0.02% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 35.27% and 35.25% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 159 per equity share of face value of Rs. 1 each. The floor price is 159 times the face value of the equity shares. Bids can be made for a minimum of 94 equity shares of face value of Rs. 1 each and in multiples of 94 equity shares of face value of Rs. 1 each thereafter.
*Subject to approvals and market conditions.
- 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.
- Efficient asset management capabilities led by technology and a focus on customer service leading to supply chain efficiency.
- The company's business has grown rapidly in recent years, and its may not be able to sustain the company's rate of growth and profitability in the future.
- A majority of the company's revenue from operations is derived from its pallets (the company's pallets contributed to 62.17%, 67.90% and 72.23% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively). Any adverse impact on the company's pallet pooling business would adversely affect its business, results of operations and profitability.
- The company is dependent on its suppliers and service providers (the company's top ten suppliers and service providers contributed 63.27%, 60.00% and 77.00% of its total purchases in Fiscals 2026, 2025 and 2024, respectively) in relation to the company's operations. Any loss of suppliers or interruptions in the timely delivery of supplies and services could have an adverse impact on its business, financial condition, cash flows and results of operations.
- The company's success depends in large part upon its Key Managerial Personnel ("KMPs"), Senior Management and certain other employees and the company's inability to attract, train and retain such persons could adversely affect its business, financial condition, cash flows and results of operations.
- Pooling asset loss and inadequate controls and processes on the pooling equipment may result in additional expenses and could negatively affect the company's financial performance.