IPO: LEAP India applies for IPO, plans to raise Rs 2400 crore

News Topical, Digital Desk : Preparations have begun to bring another big issue in the IPO market. Supply chain solutions provider company LEAP India has applied for IPO. The company has filed draft papers with SEBI. According to the information received, the company will try to raise Rs 2400 crore from the market through this issue.

What is the information on the issue

Through this IPO, the company will issue new shares worth Rs 400 crore. Along with this, there will be an offer-for-sale of Rs 2,000 crore, Vertical Holdings II Pte. Ltd and KIA EBT Scheme 3 will sell their stake through OFS. The company will use Rs 300 crore of the money raised from the issue to repay the debt and the remaining amount will be used to meet the working capital requirements. What does the company do Founded in 2013, Mumbai-based LEAP India is one of the leading companies providing on-demand asset pooling services in the supply chain sector. As of May 31, 2025, the company has a network of 30 fulfillment centers with 1.357 crore assets and 7,747 customer touchpoints. In the fulfillment centers, the company stores, maintains and repairs its assets so that they can be delivered to the customer faster. On the financial front, the company's total income in FY25 was Rs 485 crore and profit was Rs 37.5 crore. As of March 2025, the company has more than 900 customers, including Panasonic Life Solutions India, Marico, Haier Appliances, Daikin, Daimler India Commercial Vehicles and JM Baxi. IIFL Capital Services, JM Financial, UBS Securities India and Avendus Capital have been appointed as lead managers for this IPO. 

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