SEBI approved the Initial Public Offer (IPO) of LEAP India on December 5, 2025, paving the way for the company to proceed with its listing plans. The approval is valid for 12 months, and the IPO launch will depend on market conditions and other regulatory clearances.
The proposed issue is a Book Build offering of ₹2,400 crore, comprising a fresh issue of ₹400 crore and an offer for sale (OFS) of ₹2,000 crore. The equity shares will be listed on NSE and BSE, with JM Financial Ltd. as the book-running lead manager and MUFG Intime India Private Limited as the registrar.
The ₹2,400-crore IPO includes a ₹400-crore fresh issue aimed at funding growth initiatives and a ₹2,000-crore OFS by existing shareholders. SEBI’s approval allows the company to move forward with finalising the price band, lot size, and subscription dates, which are yet to be announced.
The listing will take place on both NSE and BSE, ensuring broad market participation. The approval comes amid strong investor interest in supply chain and logistics businesses.
Incorporated in 2013, LEAP India specialises in sustainable supply chain and asset-pooling solutions. Its services include equipment pooling, returnable packaging, inventory management, transportation, and repair & maintenance.
The company caters to sectors such as FMCG, food and beverage, e-commerce, quick commerce, automotive, and industrials. LEAP India’s model focuses on reducing operational costs and improving efficiency for businesses through shared resources.
Global investment firm KKR acquired a majority stake in LEAP India in 2023 as part of its Asia infrastructure strategy. This backing has strengthened the company’s financial position and supported its expansion across industries.
LEAP India serves a diverse customer base, including third-party logistics providers and leading consumer brands. Its solutions are aligned with sustainability goals, making it a preferred partner for businesses seeking cost-effective and eco-friendly supply chain solutions.
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SEBI’s approval for LEAP India’s ₹2,400-crore IPO marks a significant step toward its public market debut. With a mix of fresh capital and OFS, the offering aims to fund growth and provide liquidity to existing shareholders.
Backed by KKR and positioned in a high-demand sector, LEAP India’s listing will be closely watched by investors. Key details such as price band and subscription dates will determine the next phase of this high-profile issue.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 17, 2025, 2:50 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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