Leap India collects Rs 744 cr from anchor investors; IPO to open on August 7
The company allotted 4.68 crore equity shares to 32 anchor investors at ₹159 per share, aggregating to ₹743.62 crore
Leap India Ltd, a supply chain asset pooling firm, has successfully collected ₹743.62 crore from a group of institutional investors, including Smallcap World Fund and Norway's Government Pension Fund Global, ahead of its initial public offering (IPO). The company allocated 4.68 crore equity shares to 32 anchor investors at ₹159 per share.
The IPO, priced between ₹151-159 per share, will open for subscription on August 7 and conclude on August 11. The proceeds from the fresh issue will be used for debt repayment and working capital requirements, potentially leading to a post-IPO market capitalisation of around ₹7,005 crore.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
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