LEAP India IPO: Supply Chain Firm files paper for Rs 2400 crore capital
LEAP India, a leading supply chain solutions provider, has filed for a Rs 2400 crore IPO with SEBI. The offering includes a Rs 400 crore fresh issue and a Rs2000 crore offer for sale by promoters. Funds will be used for debt repayment and working capital. The company, established in 2013, boasts a vast network and impressive financial performance, serving major clients like Panasonic and Marico.
New Delhi: LEAP India, a leading supply chain solution provider, has filed preliminary papers with market regulator SEBI in order to raise Rs 2400 crore in capital from the equity market through an IPO, as per the draft red herring prospectus (DRHP) filed on Friday, 29 August.
The public offer comprises a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) segment valued at Rs 2000 crore, as per DRHP. The OFS contains offloading of shares by the promoters of the company, such as Vertical Holdings II Pte. Ltd. and KIA EBT.
LEAP India IPO
The Mumbai-based company plans to utilise the funds worth Rs 300 crore generated from the initial public offering for the repayment of debt, and the remaining fund worth Rs 2100 crore is used for working capital requirements and general corporate expenses.
The company LEAP India was incorporated in 2013 and is a leading player in the on-demand asset pooling provider in the supply chain operations
Incorporated in 2013, LEAP India is a leading player in the on-demand asset pooling provider in the supply chain sector. Asset pooling refers to the shared use of physical equipment such as pallets and containers among multiple companies to reduce individual ownership costs, improve usage, and minimize downtime.
LEAP India Financial
The company boasts of about 14 million assets and has a pan-India network of 7747 customer touchpoints along with 30 fulfillment centers as of May 31, 2025. Fulfillment centers are to facilitate the storage, maintenance, repair, and rapid deployment of its assets to its end customers.
The company boasts of operational revenue of Rs 485 crore and a PAT (profit after tax) of Rs 37.5 crore for the fiscal year 2025, FY25. The company clientele includes 900 customers as of March 2025. Some notable customers are Panasonic Life Solutions India, Marico, Haier Appliances, Daikin, Daimler India Commercial Vehicles, and JM Baxi.
IIFL Capital Services, JM Financial, UBS Securities India, and Avendus Capital are the book-running lead managers of the public issue.
Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.