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Leap India IPO

MainboardListed
LEAP · · NSE

Updated · GMP, subscription and listing data refresh through the day.

Leap India IPO Details

RegistrarMUFG Intime India Pvt. Ltd.
Lead managersAvendus Capital Private Limited
Offer documentDraft (DRHP)
Fresh issue₹480 Cr
Offer for sale₹2,000 Cr

Leap India Financials ₹ in crore

Revenue CAGR+41.4%2024 → 2026 · 2 yrs
Profit CAGR+29.5%2024 → 2026 · 2 yrs
Total assets CAGR+30.9%2024 → 2026 · 2 yrs
00%2505%50010%75015%100020%202420252026
₹ crore202420252026
Revenue₹364.97₹466.47₹729.53
Expenses———
Net profit (PAT)₹37.17₹37.56₹62.34
PAT margin10.2%8.1%8.5%
Total assets₹1,400.28₹2,042.46₹2,401.05

Leap India Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
95.73%
Promoter
After the IPO
Post-issue

This issue’s prospectus doesn’t state the post-issue register, and the exchange pattern is only filed around listing.

Promoter & promoter groupbefore the IPO
Holding95.73%
Shares39,28,15,012

The founding owners and their group entities.

Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Leap India Anchor Investors largest allocation first

Anchor investors32named in the letter
Anchor book₹743.64 Crat ₹159 per share
Largest allocation21.51%SMALLCAP WORLD FPI FUND, I…
#Anchor investorShares% of book₹ Cr
1SMALLCAP WORLD FPI FUND, INC1,00,62,13621.51%159.99
2TRUSTEE LTD A/C AXIS MUTUAL FUND MF A/C AXIS FLEXI CAP47,16,16810.08%74.99
3MONETARY AUTHORITY OF FPI SINGAPORE34,58,3547.39%54.99
4ADITYA BIRLA SUN LIFE INSURANCE INC COMPANY LIMITED31,40,5406.72%49.93
5GOVERNMENT PENSION FUND FPI GLOBAL29,80,2706.37%47.39
6MOTILAL OSWAL MF LARGE CAP FUND22,01,2924.71%35.00
7THE PRUDENTIAL ASSURANCE FPI COMPANY LIMITED20,11,7884.3%31.99
8AMUNDI FUNDS NEW FPI SILK ROAD20,11,7884.3%31.99
9BANK OF INDIA FLEXI MF CAP FUND16,34,2843.49%25.99
10MORGAN STANLEY INDIA INVESTMENT FPI FUND, INC12,91,8422.76%20.54
11HABROK INDIA FPI MASTER LP12,31,2122.63%19.58
12ITI SMALL CAP FUND MF11,32,1362.42%18.00
13JM FINANCIAL MUTUAL FUND - JM MF FLEXICAP FUND11,32,0422.42%18.00
14SOCIETE GENERALE - FPI ODI9,43,5722.02%15.00
15MOTILAL OSWAL MF CONSUMPTION FUND9,43,2902.02%15.00
16GREATER INDIA FPI PORTFOLIO8,84,7281.89%14.07
17MORGAN STANLEY INVESTMENT FUNDS FPI INDIAN EQUITY FUND8,04,5461.72%12.79
18L.P. MANAGED BY FPI HABROK CAPITAL7,80,5761.67%12.41
19BANK OF INDIA MULTI MF CAP FUND6,28,9541.34%10.00
20GROWW MUTUAL FUND - GROWW MF MULTI CAP FUND6,28,4841.34%9.99
21FUND ITI MULTI CAP FUND MF5,65,9741.21%9.00
22ITI FLEXI CAP FUND MF5,65,9741.21%9.00
23JM FINANCIAL MUTUAL FUND - JM MF MIDCAP FUND3,77,3160.81%6.00
24INVESTMENT FUNDS I FPI - LIONTRUST INDIA3,14,5240.67%5.00
25GOLDMAN SACHS INVESTMENTS FPI (MAURITIUS) I LTD3,14,5240.67%5.00
26ALPHAMINE ABSOLUTE RETURN AIF FUND3,14,5240.67%5.00
27CITIGROUP GLOBAL MARKETS MAURITIUS FPI PRIVATE LIMITED3,14,5240.67%5.00
28BNP PARIBAS FINANCIAL MARKETS FPI - ODI3,14,5240.67%5.00
29JM FINANCIAL MUTUAL FUND - JM MF SMALL CAP FUND3,14,4300.67%5.00
30GROWW MUTUAL FUND - GROWW MF SMALL CAP FUND3,14,2420.67%5.00
31MUTUAL FUND - JM MF LARGE & MID CAP2,51,5440.54%4.00
32MUTUAL FUND - JM MF AGGRESSIVE HYBRID1,88,7520.4%3.00

Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter

Leap India IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹159
Retail (min)1 lot94₹14,946
Retail (max)13 lots1,222₹1,94,298
sHNI (min)14 lots1,316₹2,09,244
bHNI (min)67 lots6,298₹10,01,382

One lot is 94 shares, so a single application at the ₹159 cut-off costs ₹14,946. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

Leap India IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
We are the largest on-demand asset pooling provider in India's supply chain management sector, utilizing a 'share and reuse' business model.
We maintain a pan-India network of 7,747 customer touchpoints and have 13.57 million assets as of May 31, 2025.
We have established partnerships with over 900 customers, including blue-chip companies across various industries, as of March 31, 2025.
Our comprehensive suite of supply chain assets, including pallets, containers, and MHE, enables us to capture a larger share of wallet from existing and new customers.
We have a long-standing track record of profitability, having remained PAT positive since 2020.
Our Individual Promoter, Mr. Sunu Mathew, is the Chairman, Managing Director and Chief Executive Officer with over 26 years of work experience.
Our asset management and customer service approach is built on technology-driven processes and a commitment to operational efficiency.
▼ Risk factors (7)
Our long-term contracts with customers, if not renewed or expanded, could adversely impact our business, financial condition, results of operations and cash flows.
Reliance on our technology infrastructure means any disruption or failure could materially affect our growth prospects, reputation, business, results of operations, financial condition and cash flows.
Pooling asset loss and inadequate controls on equipment may result in additional expenses and negatively affect our financial performance.
Exposure to counterparty credit risk and inability to collect receivables on time could reduce profits and affect cash flows.
Failure to set or meet quality standards for our Assets may adversely affect our business, results of operations and financial condition.
Increases in maintenance costs could result in additional expenses and negatively affect our financial performance.
A majority of our revenue comes from pallet pooling, and any adverse impact on this business would affect our profitability.

How to check Leap India IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Leap India Limited, the registrar is MUFG Intime India Pvt. Ltd. — allotment is finalised in the days between the issue closing on 11 Aug 2026 and listing on 14 Aug 2026.

RegistrarMUFG Intime India Pvt. Ltd.
You will needPAN, application number or demat ID
Issue closes11 Aug 2026
Listing date14 Aug 2026
Issue opens
Fri, 07 Aug, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 11 Aug, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 12 Aug, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 13 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Fri, 14 Aug, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

Leap India IPO FAQs

GMP

What is Leap India IPO GMP today?

No current grey market premium reading is being quoted for the Leap India Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Is Leap India IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is Leap India IPO GMP updated on alphave?

The premium is checked about every 20 minutes from third-party grey-market reporters while the issue is live. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

Subscription

How many times is Leap India IPO subscribed?

As of 11 Aug, 7:05 pm the Leap India Limited IPO is subscribed 8.38× overall: QIB 16.84×, non-institutional 12.64× and retail 1.71×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the Leap India IPO retail subscription status?

The retail portion is subscribed 1.71× as of 11 Aug, 7:05 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check Leap India IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

How was Leap India IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (7 August 2026): 0.26×, day 2 (10 August 2026): 0.49×, day 3 (11 August 2026): 8.38× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment

When is Leap India IPO allotment date?

Allotment for the Leap India Limited IPO is expected to be finalised on 12 August 2026, the trading day after the issue closes on 11 August 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 13 August 2026 and the shares list on 14 August 2026. Dates are tentative until the registrar and exchange confirm them.

How to check Leap India IPO allotment status?

Allotment is decided and published by the registrar, MUFG Intime India Pvt. Ltd. — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

Who is the registrar of Leap India IPO?

The registrar to the Leap India Limited IPO is MUFG Intime India Pvt. Ltd.. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

What happens if I do not get allotment?

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Dates

When does Leap India IPO open and close?

Bidding for the Leap India Limited IPO opens on 7 August 2026 and closes on 11 August 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

What is the Leap India IPO listing date?

The shares are scheduled to list on 14 August 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for Leap India IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 7 August 2026 and 11 August 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹159); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for Leap India IPO?

11 August 2026 is the last day of bidding. Allotment is then expected on 12 August 2026, refunds and demat credit on 13 August 2026, and listing on 14 August 2026 — tentative until confirmed.

Price & Lot

What is the price band of Leap India IPO?

The Leap India Limited IPO price band is ₹159 to ₹159 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of Leap India IPO?

One lot is 94 shares, so a single application at the ₹159 cut-off costs ₹14,946. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in Leap India IPO?

₹14,946 — one lot of 94 shares at ₹159. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is Leap India IPO a mainboard or SME issue, and on which exchange?

Leap India Limited is a mainboard issue listing on NSE. The lead manager is Avendus Capital Private Limited.

What is the issue size of Leap India IPO?

The issue size is ₹2,480 crore, of which ₹480 crore is a fresh issue and ₹2,000 crore an offer for sale by existing shareholders.

Financials

What is the revenue of Leap India?

Leap India Limited reported revenue of ₹729.53 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Is Leap India profitable?

Leap India Limited reported a profit after tax of ₹62.34 crore in FY2026. Earlier years are in the table above.

Where do the Leap India IPO financials come from?

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

Shareholding

What is the pre-IPO shareholding of Leap India?

Before the issue the promoter and promoter group hold 95.73% of Leap India Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

Where does the shareholding pattern come from?

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

DRHP

Where can I read the Leap India DRHP or RHP?

The offer document for the Leap India Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

What are the strengths disclosed in the Leap India DRHP?

We are the largest on-demand asset pooling provider in India's supply chain management sector, utilizing a 'share and reuse' business model. We maintain a pan-India network of 7,747 customer touchpoints and have 13.57 million assets as of May 31, 2025. We have established partnerships with over 900 customers, including blue-chip companies across various industries, as of March 31, 2025. The page lists all 7 as disclosed.

What are the key risks disclosed in the Leap India DRHP?

Our long-term contracts with customers, if not renewed or expanded, could adversely impact our business, financial condition, results of operations and cash flows. Reliance on our technology infrastructure means any disruption or failure could materially affect our growth prospects, reputation, business, results of operations, financial condition and cash flows. Pooling asset loss and inadequate controls on equipment may result in additional expenses and negatively affect our financial performance. The page lists all 7 disclosed risk factors.

Listing

When will Leap India IPO list?

The Leap India Limited shares are scheduled to list on 14 August 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

What was the Leap India IPO listing price?

Leap India Limited listed at ₹165.9, a gain of 4.3% on the ₹159 issue price.

At what time does an IPO list?

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Data sources

Where does the Leap India IPO data on this page come from, and how often is it updated?

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.

Leap India IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Pvt. Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Leap India IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (11 Aug 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Pvt. Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹13 on a ₹159 upper band means the grey market is dealing at ₹172.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.