LEAP India IPO listing: LEAP India shares debuted on a positive note on the Indian bourses on Friday, 14 August, defying weak market sentiment. LEAP India shares were listed at ₹166 on the BSE, up 4.4% from their issue price of ₹159. On the NSE, the stock was listed at ₹165.90, up 4.3% from the issue price.
Soon after the listing, the stock saw some profit-booking. On the BSE, it dropped to ₹152.25, down 4.2% from its issue price, while on the NSE, LEAP India shares touched a low of ₹154.21, down 3% from the issue price.
Grey market sources pointed out that the stock's listing was slightly below market expectations. They underscored that the last grey market premium (GMP) on LEAP India shares was ₹13, suggesting the stock could list at ₹172, with an 8.2% premium over the issue price.
LEAP India IPO details
LEAP India's IPO was a book-built issue of ₹2,480 crore. It was a combination of a fresh issue of 3.02 crore shares to raise ₹480 crore and an offer for sale (OFS) of 12.58 crore shares for ₹2,000 crore.
The mainboard IPO opened for public subscription on Friday, 7 August, and concluded on Tuesday, 11 August, with an overall subscription of nearly 9 times. Share allotment was finalised on Wednesday, 12 August.
The price band for the issue was ₹151- ₹159 per share. The company wants to use the net proceeds from the fresh issue of shares to pay certain borrowings and for general corporate purposes.
LEAP India is the largest on-demand asset-pooling provider (by the number of pooled Assets) in India’s supply chain management sector.
Its revenue and profit have grown steadily over the last three financial years.
Revenue from operations in FY24, FY25, and FY26 were ₹364.97 crore, ₹466.47 crore, and ₹729.53 crore, respectively. Net profit attributable to the owners of the parent stood at ₹37.17 crore in FY24, ₹37.56 crore in FY25, and ₹62.34 crore in FY26.
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