How to Check LEAP India IPO Allotment Status

LEAP India Limited was incorporated in 2013 and operates in the supply chain and logistics sector. The company provides asset pooling and material handling equipment solutions, allowing customers to use pallets, containers and other logistics assets through a shared and reusable pooling model instead of purchasing them outright. 

The company serves customers across sectors such as FMCG, food and beverages, retail, manufacturing and third-party logistics. Its pooled assets move across customer warehouses, manufacturing facilities, supplier locations and distribution networks, helping customers manage supply-chain operations without making significant investments in their own material-handling assets. 

LEAP India uses technology-enabled systems, including RFID and digital platforms, for asset tracking, quality control and operational management. It is described in its offer-related disclosures as India's largest on-demand asset pooling provider by the number of pooled assets. 

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LEAP India IPO is a book-built mainboard issue of ₹2,480 crore. The issue comprises a fresh issue of ₹480 crore and an offer for sale of ₹2,000 crore by existing shareholders. 

The IPO opened for subscription on August 7, 2026 and closed on August 11, 2026. The basis of allotment is expected to be finalised following the closure of the issue, with the shares proposed to be listed on BSE and NSE. The company raised approximately ₹743.6 crore from anchor investors ahead of the public issue. 

Registrar:MUFG Intime India Pvt.Ltd 

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page

LEAP India IPO Subscription Status 

LEAP India IPO was subscribed 8.75 times on August 11, 2026, based on the final subscription data provided. The issue witnessed strong demand from Qualified Institutional Buyers and Non-Institutional Investors, while retail participation was comparatively moderate. 

The QIB category recorded the strongest institutional demand and was subscribed 17.73 times on the final day. Investors placed bids for approximately 55.28 crore shares against around 3.12 crore shares available in the category. 

The NII portion was subscribed 13.25 times, receiving bids for approximately 30.98 crore shares against around 2.34 crore shares offered. 

Retail Investors subscribed 1.69 times, with bids for approximately 9.22 crore shares against around 5.46 crore shares available. 

The employee category was subscribed 11.35 times, while the overall issue closed at 8.75 times subscription. Contemporary market coverage also reported a sharp final-day increase in demand, driven primarily by institutional investors. 

LEAP India IPO Share Price and Investment Details 

LEAP India is a mainboard IPO proposed to be listed on BSE and NSE. Ahead of the issue, the company allocated approximately 4.68 crore shares to anchor investors, raising around ₹743.6 crore from the anchor book. 

The final subscription numbers show a clear divergence between investor categories. While QIBs subscribed 17.73 times and NIIs subscribed 13.25 times, retail demand stood at a comparatively modest 1.69 times. 

The overall subscription of 8.75 times indicates healthy demand for the IPO, particularly from institutional investors. Listing performance, however, will depend on the final issue pricing, prevailing equity-market conditions and investor demand when trading begins. 

Utilisation of IPO Proceeds 

LEAP India proposes to use a significant portion of the fresh issue proceeds for repayment or prepayment of outstanding borrowings, with the remaining proceeds intended for general corporate purposes. The IPO also includes a substantial offer-for-sale component, the proceeds of which will go to the selling shareholders rather than the company. 

Reducing borrowings through the fresh issue is expected to lower leverage and interest costs while strengthening the company's balance sheet. 

Business Overview 

LEAP India operates a “share and reuse” asset pooling model in India's logistics and supply-chain ecosystem. Instead of customers purchasing and maintaining their own pallets, containers and material handling equipment, LEAP India owns and manages these assets and makes them available through pooling arrangements. 

The business generates revenue primarily through recurring customer contracts and is supported by technology-enabled asset tracking and management. Its customers span industries including FMCG, food and beverages, manufacturing, retail and third-party logistics. 

The company reported revenue of approximately ₹466.47 crore and profit after tax of approximately ₹37.56 crore in FY26, based on available financial disclosures. 

Key strengths include its position as a large on-demand asset pooling provider, sizeable pooled asset base, recurring customer relationships, integrated logistics solutions and technology-enabled tracking capabilities. India's relatively low level of palletisation compared with developed markets also provides a long-term structural opportunity for organised pooling providers. 

Investors should also consider risks such as dependence on the pallet-pooling business, loss or damage of pooled assets, customer contract renewals, dependence on suppliers and service partners, and the company's borrowing profile.