LEAP India
Demand
Strong
subscribed 8.82x overall
Listed
+4.4%
day-1 close -8.7% vs issue
Final Subscription
Subscribed 8.82xoverall · last updated 2026-08-24 00:45 UTC
| Category | Shares reserved | 21-08 | 23-08 | 24-08 | |||
|---|---|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 3,11,79,259 | 55,28,45,866 | 17.73× | 55,28,45,866 | 17.73× | 55,28,45,866 | 17.73× |
| NII | 2,33,84,434 | 31,11,83,804 | 13.31× | 31,11,83,804 | 13.31× | 31,11,83,804 | 13.31× |
| ∟bNII (> ₹10L) | 1,55,89,623 | 22,59,71,018 | 14.49× | 22,59,71,018 | 14.49× | 22,59,71,018 | 14.49× |
| ∟sNII (< ₹10L) | 77,94,811 | 8,52,12,786 | 10.93× | 8,52,12,786 | 10.93× | 8,52,12,786 | 10.93× |
| Retail | 5,45,63,679 | 9,84,89,440 | 1.81× | 9,84,89,440 | 1.81× | 9,84,89,440 | 1.81× |
| Employee | 78,616 | 9,09,356 | 11.57× | 9,09,356 | 11.57× | 9,09,356 | 11.57× |
| Total | 10,92,05,988 | 96,34,28,466 | 8.82× | 96,34,28,466 | 8.82× | 96,34,28,466 | 8.82× |
Allotment odds (1 lot lottery once oversubscribed) — Retail: ≈ 1 in 2 applicants · Small NII: ≈ 1 in 11 applicants · Big NII: ≈ 1 in 15 applicants
Allotment Probability
Retail · subscribed 1.81x
55%
Small HNI (sNII) · subscribed 10.93x
9%
Big HNI (bNII) · subscribed 14.49x
7%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Listing At | BSE, NSE |
| Face Value | ₹ 1 per share |
| Price Band | ₹151 to ₹159 |
| Lot Size | 94 shares |
| Total Issue Size | 15,59,74,840 shares (agg. up to ₹ 2,480 Cr) |
| Fresh Issue | 3,01,88,678 shares (agg. up to ₹ 480 Cr) |
| Offer for Sale | 12,57,86,162 shares of ₹ 1 (agg. up to ₹ 2,000 Cr) |
| Scrip / Symbol | 544865 / LEAPIND |
| ISIN | INE00GO01025 |
🗓️IPO Schedule
Open
Fri, Aug 7, 2026
Close
Tue, Aug 11, 2026
Allotment
Wed, Aug 12, 2026
Refunds
Thu, Aug 13, 2026
Demat credit
Thu, Aug 13, 2026
Listing
Fri, Aug 14, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 90.04% | 55.64% |
| Public | 9.96% | 44.36% |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | 1.52 → 1.42 |
| P/E (x) (pre → post) | 104.61 → 111.97 |
| Market Cap at Offer Price | ₹6,384.69 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,401.05 | 2,042.46 | 1,400.28 |
| Total Income | 747.36 | 485.03 | 371.94 |
| Profit After Tax | 62.34 | 37.56 | 37.17 |
| EBITDA | 378.83 | 273.80 | 209.92 |
| NET Worth | 1,006.33 | 917.35 | 714.18 |
| Reserves and Surplus | 678.78 | 606.09 | 521.84 |
| Total Borrowing | 1,017.73 | 801.66 | 513.07 |
🎯Key Performance Indicators
| ROE | 6.48% |
| ROCE | 19.06% |
| Debt/Equity | 1.01 |
| RoNW | 6.19% |
| PAT Margin | 8.34% |
| EBITDA Margin | 50.69% |
| NAV | 24.52 |
| Price to Book Value | 6.48 |
🤝Recently Listed PeersDiversified Commercial Services
| Company | Issue price | P/E | Listing-day close |
|---|---|---|---|
| WeWork India Management Ltd. | ₹648 | 67.75 | ₹628.65 |
| Dev Accelerator Ltd. | ₹61 | 233.25 | ₹64.05 |
| Aegeus Technologies Ltd. | ₹105 | 15.98 | ₹130.70 |
| Propshop Events & Exhibitions Ltd. | ₹69 | 12.32 | ₹57.15 |
| PAN HR Solutions Ltd. | ₹78 | 8.41 | ₹78.01 |
| Armour Security India Ltd. | ₹57 | 17.53 | ₹43.35 |
| Dhara Rail Projects Ltd. | ₹126 | 21.43 | ₹157.50 |
| Clear Secured Services Ltd. | ₹132 | 23.36 | ₹113.05 |
Lot Size — what an application costs
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,946 |
| Retail (Max) | 13 | 1,222 | ₹1,94,298 |
| S-HNI (Min) | 14 | 1,316 | ₹2,09,244 |
| S-HNI (Max) | 66 | 6,204 | ₹9,86,436 |
| B-HNI (Min) | 67 | 6,298 | ₹10,01,382 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 7,79,48,111 | 50.00% | 49.97% |
| − Anchor Investor | 4,67,68,854 | 29.98% | |
| − QIB (Ex. Anchor) | 3,11,79,257 | 19.99% | |
| NII (HNI) | 2,33,84,434 | 15.00% | 14.99% |
| − bNII > ₹10L | 1,55,89,623 | 9.99% | |
| − sNII < ₹10L | 77,94,811 | 5.00% | |
| Retail | 5,45,63,679 | 35.00% | 34.98% |
| Employee | 78,616 | 0.05% | |
| Total | 15,59,74,840 | 100.00% | 100.00% |
🔔Listing Day
Issue price
₹159
Listing open
₹166
Open vs issue
+4.4%
Day-1 close
-8.7%
vs issue price
🏢About LEAP India
LEAP India IPO is a book build issue of ₹2,480.00 crores. The issue is a combination of fresh issue of 3.02 crore shares aggregating to ₹480.00 crores and offer for sale of 12.58 crore shares aggregating to ₹2,000.00 crores.
LEAP India IPO bidding started from Aug 7, 2026 and ended on Aug 11, 2026. The allotment for LEAP India IPO was finalized on Aug 12, 2026. The shares got listed on NSE and BSE on Aug 14, 2026.
LEAP India IPO is set final issue price at ₹159 per share. The lot size for an application is 94 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,946 (94 shares) (based on upper price).
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Repayment / prepayment, in full or in part, of certain borrowings availed by the Company | 360.00 |
| General Corporate Purposes | 98.29 |
| Issue Expenses | 112.19 |
👥Selling Shareholders
| Name | Category | Shares offered |
|---|---|---|
| Vertical Holdings II Pte.Ltd. | Promoter | 12,56,99,559 |
| KIA EBT Scheme 3 | Promoter | 86,603 |
| Total | 12,57,86,162 |
💼Lead Managers
- • JM Financial Ltd.
- • Avendus Capital Pvt.Ltd.
- • IIFL Capital Services Ltd.
- • UBS Securities India Pvt.Ltd.
🗳️Registrar
- • MUFG Intime India Pvt.Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 14th Floor, Commerz, International Business Park Oberoi Garden, Off Western Express Highway,, Goregaon, Maharashtra, 400063
📞 +91 22 6958 8700
✉️ compliance@leapindia.net
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.