LEAP India IPO Closes Today: Rs 2,480 Cr KKR-Backed Issue

The LEAP India IPO closes today, 11 August 2026, giving investors their final opportunity to subscribe to the Rs 2,480 crore mainboard issue. The LEAP India IPO is priced at Rs 151 to Rs 159 per share, with a lot size of 94 shares and a minimum retail investment of Rs 14,946 at the upper price band. The subscription window opened on August 7 and closes today. Allotment is expected on August 12, shares credited on August 13, and listing on NSE and BSE is scheduled for August 14, 2026. Investors who have not yet subscribed have until the close of market hours today to apply through ASBA or UPI.

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The LEAP India IPO is the largest issue in today's session, consisting of a fresh issue of Rs 480 crore and an offer for sale of Rs 2,000 crore. JM Financial, Avendus Capital, IIFL Capital Services and UBS Securities are the lead managers. MUFG Intime India is the registrar. The anchor round raised Rs 743.62 crore from 32 institutional investors at Rs 159 per share on August 6, signalling strong institutional interest before the retail window opened.

LEAP India: Business and Investment Rationale

LEAP India Limited is a supply chain and asset-pooling solutions company incorporated in 2013, offering equipment pooling, returnable packaging, inventory management, transportation and repair and maintenance services. The company's asset-pooling model provides businesses with access to standardised, durable pallets, containers and material handling equipment (MHE) without capital expenditure on ownership. This rental and pooling model creates a recurring revenue stream and serves customers in the FMCG, food and beverage, e-commerce, quick commerce, automotive and industrial sectors.

KKR acquired a majority stake in LEAP India in 2023 as part of its Asia infrastructure investment strategy, bringing institutional ownership discipline and global supply chain expertise. The company's customer roster includes Hindustan Coca-Cola Beverages, Marico, Toll India Logistics, Daikin Airconditioning India and Panasonic Life Solutions India, with over 1,000 clients in total. As of March 31, 2026, it employed 419 permanent staff and 2,062 material handling equipment operators.

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LEAP India IPO Financial Performance

The LEAP India IPO is backed by strong recent financial growth. Total income for FY26 rose 54 percent to Rs 747.36 crore from Rs 485.03 crore in FY25. Profit after tax increased 66 percent to Rs 62.34 crore from Rs 37.56 crore. EBITDA rose to Rs 378.83 crore from Rs 273.80 crore, reflecting strong operating leverage in the asset-pooling model. Net worth increased to Rs 1,006.33 crore. However, total debt also rose to Rs 1,017.73 crore, which is worth monitoring alongside the fresh issue's use for debt prepayment (Rs 360 crore from the Rs 480 crore fresh issue).

Subscription Status and What to Expect

The LEAP India IPO had seen relatively modest early subscription rates in the first two days of bidding. Investors applying on the final day should be aware that last-day subscription data typically accelerates as institutional and non-institutional investors finalise their bids. The institutional (QIB) and non-institutional (NII) components generally see the highest subscription activity on the last day, which can push the overall subscription numbers up significantly from the mid-subscription period readings. The LEAP India IPO's large OFS component means most proceeds go to selling shareholders rather than the company.

How to Apply for the LEAP India IPO Today

Investors can apply for the LEAP India IPO through ASBA via their bank's internet banking or through UPI-enabled stockbroker applications before the close of business today. The minimum retail investment at the upper price band of Rs 159 is Rs 14,946 for one lot of 94 shares. Investors can apply for up to 13 lots (1,222 shares) under the retail category.

Grey market premium data for this IPO circulates informally and is not published, verified or endorsed by SEBI, NSE or BSE. GMP is unofficial, frequently inaccurate and should not be the basis for any investment decision. For GMP updates, check dedicated IPO tracking platforms and verify information independently.

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Conclusion

Today is the last day to subscribe to the LEAP India IPO. The Rs 2,480 crore KKR-backed supply chain and asset-pooling solutions company is priced at Rs 151-159 per share, with allotment on August 12 and listing on NSE and BSE on August 14. FY26 total income rose 54 percent and PAT grew 66 percent, supported by a 1,000+ customer base in logistics-intensive sectors. Investors should read the RHP and consult a SEBI-registered financial advisor before subscribing today to the LEAP India IPO.

What is the LEAP India IPO price band?

Ans. The LEAP India IPO price band is Rs 151 to Rs 159 per share. The lot size is 94 shares, requiring a minimum retail investment of Rs 14,946 at the upper price band.

When does the LEAP India IPO close?

Ans. The LEAP India IPO closes today, 11 August 2026. Allotment is expected on 12 August, shares credited on 13 August, and listing is scheduled for 14 August on NSE and BSE.

What does LEAP India do?

Ans. LEAP India provides asset pooling and supply chain solutions including pallet and container pooling, returnable packaging, transportation, inventory management and repair services to FMCG, e-commerce, automotive and industrial clients.

Who owns LEAP India?

Ans. KKR acquired a majority stake in LEAP India in 2023 as part of its Asia infrastructure strategy. The company was incorporated in 2013 and has over 1,000 customers including Hindustan Coca-Cola, Marico and Daikin India.

What were LEAP India's FY26 financial results?

Ans. LEAP India reported FY26 total income of Rs 747.36 crore (+54% YoY), profit after tax of Rs 62.34 crore (+66% YoY) and EBITDA of Rs 378.83 crore. Total debt was Rs 1,017.73 crore.

How can I apply for the LEAP India IPO today?

Ans. Apply through ASBA via internet banking or through UPI-enabled broker apps before the close of business on 11 August 2026. Minimum investment: Rs 14,946 for 94 shares at the upper price band of Rs 159.

What is the LEAP India IPO issue structure?

Ans. The LEAP India IPO is Rs 2,480 crore comprising a fresh issue of Rs 480 crore and an OFS of Rs 2,000 crore. The anchor round raised Rs 743.62 crore from 32 institutional investors at Rs 159 per share.