LEAP India IPO: Issue Subscribed 42% On Day 2 So Far

Logistics technology firm LEAP India saw a surge in demand for its IPO on the second day of bidding, with investors placing 4.77 crore shares against an offer of 11.49 crore shares, resulting in a 42% subscription rate, according to figures from the Bombay Stock Exchange. Institutional investors led the buying on day two, acquiring 2 crore shares out of their 3.28 crore quota, which marked a 61% subscription.

Together, non-institutional investors (NII) and retail investors have subscribed to their full quota at 34%. NII placed bids for 82.96 lakh shares against 2.46 crore shares allocated for them, while retail investors bid for 1.93 crore shares out of 5.75 crore earmarked for them. The employee quota was oversubscribed by 2.32 times, with employees placing bids for 1.92 lakh shares while 82,781 shares were reserved for them.

The IPO attracted a 26% subscription by the close of the first day. The public issue consists of a fresh share issue worth up to ₹480 crore and an offer for sale of up to ₹2,000 crore, valuing the company at ₹7,004.5 crore ($735 million) at the upper end of the price range. Around ₹360 crore from the fresh issue will be used to settle certain debts, while the remainder will be allocated for general corporate purposes.

LEAP India reported a 66% increase in net profit to ₹62.3 crore in FY26, up from ₹37.5 crore in the previous year, and a 56% rise in operating revenue to ₹729.5 crore from ₹466.5 crore in FY25. Established in 2013 by Mathew, LEAP India offers supply chain services, including equipment pooling, returnable packaging, inventory management, transportation, and repair and maintenance services.

The company serves over 1,000 customers across various industries, including FMCG, food and beverages, e-commerce, automotive, and retail. LEAP India IPO: Issue Subscribed 42% On Day 2 So Far appeared first on Inc42 Media.