The Securities and Exchange Board of India (SEBI) has granted approval for the proposed initial public offering of LEAP India on December 5, 2025. The approval remains valid for a period of 12 months, allowing the company to proceed with its listing plans subject to prevailing market conditions and completion of required regulatory formalities.
The proposed IPO is structured as a book-built issue of ₹2,400 crore, consisting of a fresh issue worth ₹400 crore and an offer for sale of ₹2,000 crore by existing shareholders. The equity shares are planned to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). JM Financial Limited has been appointed as the book-running lead manager, while MUFG Intime India Private Limited will act as the registrar to the issue.
Issue Structure and Offering Details
The fresh issue component of ₹400 crore is intended to support the company’s growth initiatives, while the ₹2,000-crore offer for sale will enable existing shareholders to divest a portion of their holdings. With SEBI’s clearance, LEAP India can now finalise key aspects of the offering, including the price band, lot size and subscription schedule, which are yet to be disclosed.
The dual listing on NSE and BSE is aimed at ensuring wider investor access and participation.
Business Overview
Founded in 2013, LEAP India operates in the sustainable supply chain and asset pooling space. The company provides solutions such as equipment pooling, returnable packaging, inventory management, transportation services, and repair and maintenance support.
Its services cater to a broad range of industries, including fast-moving consumer goods, food and beverages, e-commerce, quick commerce, automotive, and industrial sectors. LEAP India’s business model is designed to enhance efficiency and optimise costs for clients through shared and reusable supply chain assets.
Ownership and Market Presence
In 2023, global investment firm KKR acquired a controlling stake in LEAP India as part of its Asia-focused infrastructure investment strategy. This investment has contributed to strengthening the company’s financial base and expanding its presence across multiple sectors.
LEAP India serves a wide client base that includes leading consumer brands and third-party logistics providers. The company’s offerings are closely aligned with sustainability objectives, supporting businesses in adopting environmentally responsible and efficient supply chain practices.
Summary
SEBI has approved LEAP India’s ₹2,400-crore IPO, comprising a ₹400-crore fresh issue and a ₹2,000-crore offer for sale. The company plans to list on NSE and BSE and operates in the sustainable supply chain and asset pooling segment, supported by KKR as a majority shareholder.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.