Technocraft Ventures shines with 58% listing gains, LEAP India makes muted debut on bourses
Technocraft Ventures lists at 34% premium, LEAP India debuts with little over 4% premium
Technocraft Ventures and LEAP India made contrasting debuts on Indian stock exchanges on Friday, with Technocraft Ventures delivering nearly 47% gains while LEAP India experienced a muted listing. Technocraft Ventures listed at a 34.4% premium on BSE and a 34% premium on NSE, closing at ₹311.15, versus its IPO price of ₹212. LEAP India, on the other hand, listed at a 4.4% premium on BSE and a 4.3% premium on NSE, settling 9% below its IPO price of ₹159.
Swastika Investmart's Shivani Nyati remained neutral on LEAP India, citing its modest debut and strong position in the niche pallet-pooling industry. She advised a stop-loss at ₹155 due to the current valuation appearing demanding. Dr. Ravi Singh of Master Capital Services, however, praised LEAP India's asset-pooling model and pan-India network, projecting the Indian pallet market to grow at a CAGR of 9.1% from 106 million units in FY2026 to 164 million units in FY2031.
Singh suggested investors monitor quarterly results to assess margin sustainability and potential long-term growth.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
