Mumbai-based supply chain asset management company, Leap India Ltd, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday, August 29, 2025, signaling its plan to launch an Initial Public Offering (IPO).
Leap India proposes to raise a total of ₹2,400 crore through a combination of a fresh issue of equity shares and an Offer for Sale (OFS) by existing shareholders.
The issue comprises a fresh equity issuance worth ₹400 crore and an OFS component of ₹2,000 crore, where promoter group entities will offload part of their shareholding. Each equity share carries a face value of ₹1.
The OFS will involve share sales by existing promoters, specifically Vertical Holdings and KIA EBT, who are divesting part of their stake in the public issue.
As per the proposed allocation, up to 50% of the IPO will be reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and 35% will be allocated to Retail Individual Investors.
The net proceeds from the fresh issue will primarily be used for repayment of debt to the tune of ₹300 crore. The remaining funds will go toward meeting the company’s working capital requirements, enabling smoother operations and growth initiatives.
Key Advisors to the Issue
The company has appointed a group of seasoned investment banks as the book-running lead managers for the IPO. These include:
The registrar to the issue is MUFG Intime India Pvt Ltd, responsible for handling share allotment and investor communications.
Also Read: Upcoming IPOs in September 2025: 1 Mainboard and 7 SME IPO Set to Launch till Date
Leap India is a leading provider of returnable packaging and supply chain logistics assets in India. As per the company’s data, it manages over 13.57 million assets and operates a nationwide network comprising 7,747 customer touchpoints and 30 fulfilment centres.
These fulfilment centres are integral to Leap India’s operations, providing services such as asset storage, repair, maintenance, and rapid deployment to its widespread customer base. The company serves more than 900 clients across diverse sectors. Its customer list includes some of the most prominent industrial and consumer brands in India, such as: Panasonic Life Solutions India Pvt Ltd, Marico Ltd and many others.
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 securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 1, 2025, 9:35 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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