LEAP India IPO

Supply Chain Asset Pooling & Logistics - Listed on 14 August 2026

+4.3% listing gain
Issue Price (Upper)
Rs 159
Listing Price
Rs 165.9
Closing Price (NSE)
Rs 144.93
Total Subscription
8.38x

LEAP India IPO listing summary

LEAP India (Supply Chain Asset Pooling & Logistics) closed its IPO window in 2026 and listed on NSE and BSE on 14 August 2026 at an upper band issue price of Rs 159, opening at Rs 165.9 for a listing gain of +4.3% and closing day one at Rs 144.93 (-8.8% on closing basis). The IPO was subscribed 8.38x overall - QIB 16.84x, HNI/NII 12.64x, Retail 1.71x. The total issue size was Rs 2,480 Cr (Fresh Issue Rs 480 Cr, OFS Rs 2000 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About LEAP India

Supply Chain Asset Pooling & Logistics

LEAP India provides asset-pooling and supply-chain services, helping manufacturers and distributors access reusable pallets, containers and related logistics assets. Its model sits between industrial infrastructure and contract logistics. That places. LEAP India in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. Its operating results are shaped by the balance between volume growth, pricing, input costs and the company’s ability to use its existing capacity. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About LEAP India IPO

Issue structure, listing outcome and context

The ₹2,480 crore offer included a ₹480 crore fresh issue and an offer for sale. At ₹159, the shares listed at a modest premium but later reflected the market’s cautious view of the logistics cycle. It combined a fresh issue of ₹480 crore with an offer for sale of ₹2000 crore. The stock listed at ₹165.90, a reported opening gain of 4.34%. The issue proceeds should be read against the stated objects in the offer documents, rather than treated as a guarantee of future growth. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
+4.34%
Listing Gain (Close)
-8.85%
Day Change After Listing
-12.64%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB16.84x
HNI / NII12.64x
Retail1.71x
Overall8.38x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.26x
Day 20.49x
Day 3 (Final)8.38x

LEAP India IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 25+15.72%
Day 2Rs 7+4.40%
Day 3Rs 5+6.20%
Day 4Rs 5+3.14%
Day 5Rs 4+2.52%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
2.5%-15.7%
IPOGyani AI Prediction
4.7%
Actual Listing Gain
+4.3%

Prediction Accuracy: 0.4 pp (Highly accurate)

Issue & financials

Issue SizeRs 2,480 Cr
Fresh IssueRs 480 Cr
OFSRs 2,000 Cr
IPO PE106.00
Peer / Sector PE-
PE vs Sector Ratio-
Latest EBITDA (Cr)50.69
Debt / Equity1.01

Market context at listing

How the broader market moved around the LEAP India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.32%
Nifty 1W Return-0.32%
Nifty 1M Return-0.32%
Nifty during IPO window-0.32%

LEAP India IPO - FAQs

What was the listing gain of LEAP India IPO?

LEAP India IPO listed at +4.3% versus the upper issue price of Rs 159 on 14 August 2026.

How many times was LEAP India IPO subscribed?

LEAP India IPO was subscribed 8.38x overall. QIB portion was subscribed 16.84x, HNI / NII 12.64x and Retail 1.71x.

What was the IPO GMP for LEAP India?

IPO GMP started at Rs 25 on Day 1 and moved to Rs 4 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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