LEAP India IPO
Miscellaneous • ₹2480 Cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- A significant portion of the company’s revenue is dependent on its pallet business. Pallet…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹159
Lot Size
94 shares
Issue Size
₹2480 Cr
Open
07 Aug 2026
Close
11 Aug 2026
Subscription
8.35×
IPO Schedule
| Issue Open Date | 07 Aug 2026 |
| Issue Close Date | 11 Aug 2026 |
| Allotment Date | 12 Aug 2026 |
| Listing Date | 13 Aug 2026 |
About LEAP India
LEAP India Limited is a supply chain asset pooling company that operates on a share-and-reuse model for pallets, containers and material handling equipment (MHE). Its offerings include pallets used for handling and transporting goods, containers for storing and transporting products, and MHE such as hand pallet trucks, battery-operated pallet trucks, forklifts, reach trucks, and stackers. The company also provides technology-enabled supply chain solutions that connect manufacturing, distribution, and retail operations. Its services cater to customers across FMCG, food and beverage, third-party logistics, e-commerce and quick commerce, automotive and industrial sectors. As of March 31, 2026, the company had 14.70 million assets and a pan-India network of more than 10,100 customer touchpoints, serving over 1,000 customers. Its technology platforms include the MyLEAP platform, RFID applications, an Asset Audit App, Transport Management System and Proof of Delivery App. The company acquired CHEP India in January 2025, expanding its pallet and container pooling operations.
Company Details
Founders / Promoters
Mr Sunu Mathew
Founded
2013
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
LEAP India — IPOFins Verdict
QuantitativeDriven by QIB demand at 16.8x and elevated disclosed risk (7/10), LEAP India listed at a premium of 4.3% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company had 14.70 million assets as of March 31, 2026, up from 7.92 million in March 2024. Its network comprised 10,100 customer touchpoints and 29 fulfilment centres across India, allowing it to
- According to the F&S Report, the company claims to be the largest on-demand asset pooling provider in India based on the number of pooled assets. It also claims to be the only player currently operati
- The company had more than 1,000 customers as of March 31, 2026, compared with more than 500 in March 2024. Its customer base includes companies such as Hindustan Coca-Cola Beverages, Marico, Daikin Ai
- The company uses passive RFID for tracking containers and IoT-enabled systems for monitoring forklift movements. It also operates the MyLEAP platform and in-house applications for asset audits, invent
- The company offers a combination of pallets, containers, and material handling equipment, including forklifts, pallet trucks, reach trucks, and stackers. Its acquisition of CHEP India in January 2025
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹159
Listing Price
₹165.9
Listing Gain/Loss
+4.34%
Listing Date
13 Aug 2026
Price Since Listing
Returns are measured against the ₹159 issue price.
Listing
₹165.9
+4.3%
1 Week
₹166.66
+4.8%
Current
₹138.61
-12.8%
Want to buy this stock?
Trade LEAP India on the secondary market
FAQ
What is the price band of LEAP India IPO?
The price band is ₹159 per share with a lot size of 94 shares. Minimum investment: ₹14,946.
What does LEAP India do?
LEAP India Limited is a supply chain asset pooling company that operates on a share-and-reuse model for pallets, containers and material handling equipment (MHE). Its offerings include pallets used for handling and transporting goods, containers for storing and transporting products, and MHE such as hand pallet trucks, battery-operated pallet trucks, forklifts, reach trucks, and stackers. The company also provides technology-enabled supply chain solutions that connect manufacturing, distribution, and retail operations. Its services cater to customers across FMCG, food and beverage, third-party logistics, e-commerce and quick commerce, automotive and industrial sectors. As of March 31, 2026, the company had 14.70 million assets and a pan-India network of more than 10,100 customer touchpoints, serving over 1,000 customers. Its technology platforms include the MyLEAP platform, RFID applications, an Asset Audit App, Transport Management System and Proof of Delivery App. The company acquired CHEP India in January 2025, expanding its pallet and container pooling operations.
Should I apply for LEAP India IPO?
LEAP India listed at ₹165.9 (+4.3% premium to the ₹159 issue price) after 8.3x subscription. IPOFins Score 7/10: Driven by QIB demand at 16.8x and elevated disclosed risk (7/10), LEAP India listed at a premium of 4.3% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded LEAP India?
LEAP India was founded by Mr Sunu Mathew in 2013.