• QIB portion subscribed 0.61 times on Day 1
  • Issue closes on Tuesday, August 11, 2026, for bidding

Mumbai: The Initial Public Offering of Leap India Limited was subscribed 0.26 times on the first day of bidding, demonstrating strong demand from retail and non-institutional investors for this IPO.

The issue received bids of 3,01,56,234 equity shares against the offered 11,49,91,735 equity shares, according to data available on the stock exchanges.

Retail Portion and Non-institutional portion were subscribed 0.13 times and 0.11 times respectively. Qualified Institutional Buyers (QIB) was subscribed 0.61 times whereas the employee reserved portion was subscribed 1.08 times.

The issue kicked off for subscription on Friday, August 07, 2026, and will close for subscription on Tuesday, August 11, 2026.

A day before the opening of the issue, Leap India Limited had raised nearly Rs 743.6 crore from anchor investors.

Brokerage houses recommend Leap India Limited

Leading brokerage firms like Anand Rathi, Ashika Stock Services, BP Wealth and Ventura Securities  have given their “Subscribe” recommendation to Leap India Limited, which is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled Assets), according to the F&S Report.

Anand Rathi highlights the company has effectively established and led the pallet pooling industry in India, being the only company to operate pallet pooling at this scale with a pan-India network.

On the valuation front, at the upper end of the price band, the company is valued at a EV/EBITDA of 21.8 times, and P/BV of 6.9, implying a post-issue market capitalization of ₹70,045 million. Recommend a “Subscribe – Long Term”.

BP Wealth highlights the company is India’s leading on-demand supply chain asset pooling provider by number of pooled assets.

On the valuation front, at the upper price band of Rs. 159, the issue is valued at an EV/EBITA multiple of 22.2x based on FY26 earnings. Recommend a “SUBSCRIBE” with long-term investment horizon.