LEAP India IPO: KKR-backed firm's Rs 2,480 Cr issue opens

The LEAP India IPO, a significant Rs 2,480 crore public offering, commenced its bidding process on August 7, 2026. The issue, which includes both a fresh issuance of shares and an offer for sale (OFS), is drawing investor attention, evidenced by a grey market premium of approximately 10% over the upper price band.

This strategic IPO aims to strengthen LEAP India's financial position, with a substantial portion of the proceeds allocated to repaying outstanding borrowings. The remaining funds will support general corporate purposes and future expansion initiatives within the logistics infrastructure sector.

LEAP India, founded in 2013, specializes in asset-pooling and reusable packaging solutions, serving diverse industries like FMCG and automotive. Global investment firm KKR acquired a majority stake in 2023, reinforcing the company's growth trajectory. As of March 31, 2026, the company reported a total income of Rs 747.36 crore, with a Profit After Tax of Rs 62.34 crore, marking significant year-on-year growth.

The IPO price band is set at Rs 151 to Rs 159 per share, with subscription open until August 11, 2026. Share allotment is anticipated on August 12, and listing on the NSE and BSE is expected on August 14, 2026. Despite a strong financial performance and a positive market outlook, analysts note the IPO is aggressively priced, suggesting a potential long-term investment horizon for subscribers.