Mumbai: Supply chain solutions specialist LEAP India is set to make a big debut on the stock market, having filed preliminary draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 2,400 crore. The IPO, as outlined in the draft red herring prospectus (DRHP), will consist of a fresh issue of shares valued at Rs 400 crore alongside an offer-for-sale (OFS) of Rs 2,000 crore, offloaded by promoters including Vertical Holdings II Pte. Ltd and KIA EBT Scheme 3.
The fresh issuance of Rs 400 crore is earmarked primarily for debt repayment, with a portion allocated to support the company’s working capital needs. LEAP India, incorporated in 2013, has emerged as a leading player in on-demand asset pooling for the supply chain sector, operating a vast network of 7,747 customer touchpoints and 30 fulfilment centres across India. The company manages 13.57 million assets as of May 31, 2025, providing logistics and operational solutions to over 900 customers, including major corporates such as Panasonic Life Solutions India, Marico, Haier Appliances, Daikin, Daimler India Commercial Vehicles, and JM Baxi.
Financially, LEAP India posted a total income of Rs 485 crore and a net profit of Rs 37.5 crore in Fiscal 2025, reflecting steady growth in the fast-evolving supply chain sector. The IPO is expected to bolster the company’s capital structure while funding expansion initiatives and consolidating its pan-India footprint. IIFL Capital Services, JM Financial, UBS Securities India, and Avendus Capital have been appointed as the book-running lead managers for the public issue.
With this IPO, LEAP India seeks to strengthen its market position in the supply chain ecosystem, leveraging investor capital to enhance operational efficiency and expand its reach across India, at a time when demand for robust supply chain solutions is on the rise.