Leap India IPO Oversubscribed 8.38 Times

Leap India's initial public offer closed on August 11, 2026, attracting substantial investor demand. The IPO received bids for 96.32 crore shares, significantly exceeding the 11.49 crore shares on offer, resulting in an overall subscription rate of 8.38 times. The offering period ran from August 7 to August 11, 2026, with shares priced between Rs 151 and Rs 159.

The company intends to allocate Rs 360 crore from the proceeds of its fresh issue towards the repayment of certain borrowings. The remaining funds will be utilized for general corporate purposes. Leap India, a prominent player in India's supply chain management sector, specializes in on-demand asset pooling, offering services with assets like pallets and containers.

Prior to the public offering, Leap India successfully raised Rs 743.62 crore from anchor investors on August 6, 2026. The company reported a consolidated net profit of Rs 84.68 crore and sales of Rs 1,167.65 crore for the twelve months ending March 31, 2026. Leap India is recognized for its innovative solutions, including being the first in India to introduce passive RFID-tagged containers and being a leader in forklift pooling.