Leap India IPO
Leap India IPO closed on 11 Aug 2026. Allotment 12 Aug 2026, listing 14 Aug 2026. Price band ₹151–₹159, lot 94 shares, GMP +₹13 (8.18%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹151–₹159 |
| Lot size | 94 shares |
| Minimum investment | ₹14,946 |
| Issue size | ₹2480 Cr |
| GMP | +₹13 (8.18%) |
| Open date | 7 Aug 2026 |
| Close date | 11 Aug 2026 |
| Allotment date | 12 Aug 2026 |
| Listing date | 14 Aug 2026 |
| Registrar | LINK |
About Leap India
LEAP India is an asset pooling company that provides supply chain solutions across India. The company’s core business involves the pooling of a large asset base, including over 14.7 million pallets, containers, and material handling equipment (MHEs). It rents these assets to over 1,000 clients in sectors such as fast-moving consumer goods (FMCG), automotive, industrials, and logistics. The company’s primary source of revenue is rental income from these pooled assets. Operating under a full-service model, LEAP India manages the warehousing and distribution of its returnable packaging assets through a pan-India network of 29 fulfilment centres and over 10,100 customer touchpoints. The entire business operates as a single segment focused on the hiring and trading of pallets, crates, and related services.
Strengths
- Largest on-demand asset pooling provider in India by number of pooled assets.
- Asset-light pooling model drives high utilisation and recurring revenues.
- Long-term contracts with diversified customers across FMCG and manufacturing.
- Integrated services covering pallets, containers, and material handling equipment.
- Technology-enabled tracking improves efficiency, visibility, and asset control.
Risks
- High dependence on the pallet pooling business for the majority of revenue.
- Loss or damage of pooled assets could increase costs and impact margins.
- Customer non-renewal or contract termination may affect cash flows.
- Dependence on suppliers and service partners for operations and maintenance.
- High borrowings expose the company to interest rate and covenant risks.