KKR-backed supply chain solutions provider LEAP India Ltd. will launch its initial public offering (IPO) on August 7, with the company fixing the price band at Rs 151-159 per share.
Ahead of the IPO, LEAP India's grey market premium (GMP) stood at around 5% over the upper end of the price band, indicating moderate investor interest.
The Rs 2,480 crore IPO comprises a fresh issue of 3.02 crore equity shares worth Rs 480 crore and an offer for sale (OFS) of 12.58 crore shares aggregating about Rs 2,000 crore.
Under the OFS, KKR-backed Vertical Holdings II will offload shares worth approximately Rs 1,998.6 crore, while promoter group entity KIA EBT Scheme 3 will sell the remaining shares.
LEAP India IPO Key Dates and Details
The IPO will open for subscription on August 7 and close on August 11, while the anchor investor bidding will take place on August 6.
The basis of allotment is expected to be finalised on August 12, with the shares likely to list on the NSE and BSE on August 14.
Investors can bid for a minimum of 94 shares, translating into a minimum investment of Rs 14,946 at the upper price band of Rs 159 per share.
JM Financial is the book-running lead manager for the issue, while MUFG Intime India is the registrar.
How LEAP India Plans to Use IPO Proceeds
LEAP India plans to use the IPO proceeds primarily to reduce debt and strengthen its balance sheet.
Of the net proceeds, around Rs 360 crore will be used to repay or prepay certain outstanding borrowings, while the remaining funds will be allocated towards general corporate purposes.
About LEAP India Ltd.
Founded in 2013, LEAP India operates in the sustainable supply chain and logistics infrastructure space, offering asset-pooling and reusable packaging solutions to businesses across industries.
Its services include equipment pooling, returnable packaging, inventory management, transportation, and repair and maintenance, helping clients improve supply chain efficiency and optimise asset utilisation.
The company's solutions cater to sectors including FMCG, food and beverages, third-party logistics (3PL), e-commerce, quick commerce, automotive, consumer durables, and industrials.
Global investment firm KKR acquired a majority stake in LEAP India in 2023 as part of its Asia infrastructure investment strategy.
As of March 31, 2026, LEAP India served more than 1,000 customers, including Hindustan Coca-Cola Beverages, Marico, Toll (India) Logistics, Daikin Airconditioning India, and Panasonic Life Solutions India.
The company said it incorporates ESG principles into its operations through responsible sourcing, sustainable product design, and initiatives aimed at reducing supply chain waste.
As of March 31, 2026, LEAP India had 419 permanent employees and 2,062 material handling equipment (MHE) operators.
LEAP India reported strong financial growth in FY26, driven by higher demand for its supply chain and logistics solutions. Total income rose 54% year-on-year to Rs 747 crore in FY26 from Rs 485 crore a year earlier.
Profit after tax increased 66% to Rs 62.34 crore, compared with Rs 37.56 crore in FY25.
The IPO comes amid growing investor interest in India's logistics and supply chain sector. Backed by KKR, LEAP India has a diversified customer base and operates in the asset-pooling segment, which has seen rising adoption across industries.
