Leap India raises Rs 743.6 crore from 32 anchor investors ahead of IPO launch

Leap India backed by global investment firm KKR, has raised Rs 743.6 crore through its anchor book, with participation from 32 marquee investors. Ahead of the public issue, Leap India allotted 46,768,854 equity shares to anchor investors at an issue price of Rs 159 per share.

The anchor allocation witnessed participation from some of the world’s most prominent institutional investors, including the Monetary Authority of Singapore, Morgan Stanley India Investment Fund Inc., Goldman Sachs Investments (Mauritius) I Ltd., Government Pension Fund Global, Citigroup Global Markets Mauritius Private Limited, Société Générale – ODI, and BNP Paribas Financial Markets – ODI.

Domestic mutual funds also showed significant interest in the issue. Shares were allotted to leading equity-oriented schemes, including Axis Mutual Fund’s Axis Flexi Cap Fund, JM Financial Mutual Fund’s JM Flexicap Fund, and Motilal Oswal Large Cap Fund.


Of the total anchor allocation, 18,735,422 equity shares were allotted to six domestic mutual funds through 15 schemes, along with One Life Insurance Company, highlighting strong institutional appetite for the company’s growth story.

JM Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited, and UBS Securities India Private Ltd are acting as the book-running lead managers for the issue, while MUFG Intime India Private Limited is the registrar. The company’s equity shares are proposed to be listed on both the BSE and NSE.

IPO Details: Rs 2,480 Crore Issue Opens on August 7

Leap India has fixed a price band of Rs 151 to Rs 159 per equity share for its maiden public offering. The IPO will open for subscription on Friday, August 7, 2026, and close on Tuesday, August 11, 2026.

Investors can bid for a minimum lot size of 94 equity shares and in multiples thereafter.

The IPO comprises a fresh issue of Rs 480 crore and an offer-for-sale (OFS) of Rs 2,000 crore by promoters Vertical Holdings II Pte Ltd and KIA EBT Scheme 3, acting through its trustee Catalyst Trusteeship Limited.

From the fresh issue proceeds, Rs 360 crore will be utilised towards repayment or prepayment of certain borrowings, either fully or partially, with the balance allocated towards general corporate purposes.

The offer is being conducted through the book-building route, with up to 50% of the net issue reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors, and a minimum of 35% for retail individual investors.

About Leap India

Founded in 2013, Leap India has built its business around a “share and reuse” model, commonly known as asset pooling. According to the F&S Report, the company is the largest on-demand asset pooling provider in India’s supply chain management industry based on the number of pooled assets.

As of March 31, 2026, Leap India managed 14.70 million assets through a nationwide network spanning 10,100 customer touchpoints. Its circular business model enables companies to improve supply chain efficiency while reducing costs, environmental impact, and operational complexities.

The company provides technology-enabled supply chain solutions that connect multiple stages of customers’ value chains — from manufacturing and warehousing to distribution and retail.

Pallets play a crucial role in modern logistics by enabling safer, faster, and more efficient movement of goods. Leap India’s pallet pooling model allows businesses to access shared pallet networks instead of owning and maintaining their own assets.

Under this model, ownership, maintenance, tracking, and availability management of pallets are outsourced to specialised providers. This helps businesses reduce procurement costs, minimise storage requirements, lower manpower dependency, and ensure consistent asset quality across operations.

With supply chains becoming increasingly technology-driven, pallet pooling is emerging as a cost-effective and sustainable solution for industries looking to optimise logistics operations.

Through its extensive asset base and pan-India presence, Leap India caters to customers across multiple sectors, including fast-moving consumer goods (FMCG), food and beverages, third-party logistics (3PL), e-commerce, quick commerce, automotive, and industrial segments.

As of March 31, 2026, the company served more than 1,000 customers. Its integrated solutions and deep operational relationships have helped create strong customer retention, with the company’s top 10 customers by revenue in FY26 having partnered with Leap India for over five years.

Technology remains central to Leap India’s operations. Its proprietary MyLEAP platform provides customers with real-time visibility into orders, asset tracking, damaged asset replacement, reports, and support services. The company has also integrated SAP S/4HANA and Salesforce into its systems to enable seamless electronic data exchange with customers.

Strong Financial Growth

Leap India has demonstrated significant financial momentum in recent years. The company’s revenue from operations increased to Rs 729.5 crore in FY26 from Rs 364.9 crore in FY24, reflecting strong business expansion. Net profit also grew to Rs 62.3 crore in FY26, compared with Rs 37.1 crore in FY24, underscoring improving operational scale and profitability.

With backing from global investors, a scalable asset-light model, and growing demand for efficient supply chain solutions, Leap India’s IPO is expected to attract considerable attention from investors seeking exposure to India’s rapidly evolving logistics and infrastructure ecosystem.

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