Upcoming Public Offering: Leap India Submits Draft Documents to Securities and Exchange Board of India, Targeting to Gather ₹2,400 Crore through IPO - Find More Information Here
Mumbai-based supply chain asset provider, Leap India Ltd, has announced its intention to go public with an Initial Public Offering (IPO) on 29th August 2025. The preliminary draft papers for the IPO have already been filed with the Securities and Exchange Board of India (Sebi).
The public issue will be managed by a consortium of book-running lead managers, including JM Financial Limited, IIFL Capital Services Limited, UBS Securities India Private Ltd, and Avendus Capital Private Limited.
For the financial year ended 2024-25, Leap India reported a revenue of ₹485 crore from its core operations and a net profit of ₹37.5 crore. The company caters to over 900 clients, including notable names like Marico Ltd, Haier Appliances Private Ltd, Hindustan Coca Cola Beverages Private Ltd., Daikin, Daimler India Commercial Vehicles, and JM Baxi, among others.
Leap India boasts a pan-India network of 7,747 customer touchpoints and 30 fulfilment centres. The IPO will offer a book-built issue comprising a fresh issue of equity shares with a face value of Re 1 each, amounting to ₹400 crore.
The IPO aims to raise a total of ₹2,400 crore from the Indian stock market. A significant portion of the issue will be allocated: not more than 50% to Qualified Institutional Buyers (QIBs), not more than 15% to Non-Institutional Investors (NIIs), and 35% to retail investors.
The IPO will consist of both a fresh issue of equity shares and an offer for sale (OFS) component. The OFS component offers equity shares owned by the promoter selling stakeholder amounting to ₹2,000 crore.
The company, which facilitates the storage, maintenance, repair, and rapid deployment of its assets to its customers, will use the proceeds from the fresh issue to fund ₹300 crore of debt repayment and the rest for working capital requirements.
MUFG Intime India Private Limited has been appointed as the registrar of the offer. Notably, Vertical Holdings and KIA EBT, promoters of Leap India, will also be offering their stakes in the public issue, but the exact dates for their stock issuances on the stock exchange are yet to be announced.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
