IPO-Bound LEAP India Nets ₹744 Cr From Anchor Investors

LEAP India, a logistics tech platform, has successfully raised ₹744 Cr from anchor investors ahead of its IPO scheduled for August 7. The startup allocated 4.67 Cr equity shares to anchor investors at a price of ₹159 per share, which is the upper bound of its price spectrum. Among the anchor investors were a life insurance company, six domestic mutual funds, and notable firms like Morgan Stanley, JM Financial, Goldman Sachs, Citigroup, and BNP Paribas.

The total funding raised includes a pre-IPO placement of ₹371.3 Cr in the previous round, bringing the cumulative amount to ₹744 Cr. This funding will enable LEAP India to go public on August 7 and close on August 11, with the IPO valued at up to ₹480 Cr and offering for sale worth up to ₹2,000 Cr. In the upcoming IPO, the company aims to be valued at approximately ₹7,004.5 Cr, based on a price range of ₹151 to ₹159 per share.

LEAP India, founded in 2013 by Sunu Mathew, specializes in supply chain solutions and has served over 1,000 customers as of March 2026, including major brands like Coca-Cola, Marico, Panasonic, Haier, and Daikin. The company's net profit grew by 66% to ₹62.3 Cr in the fiscal year 2026, while operating revenue increased by 56.4% to ₹729.5 Cr.

With a strong operational network comprising more than 29 warehouses and service centers, LEAP India is well-positioned for its IPO.