Leap India Raises ₹743.62 Crore From Anchor Investors; IPO Opens Today

Leap India has secured strong backing from institutional investors ahead of its stock market debut. The Mumbai-based supply chain asset pooling company raised ₹743.62 crore from anchor investors a day before its ₹2,480-crore initial public offering (IPO) opened for public subscription, reflecting healthy demand from both global and domestic institutions.

The company allotted 4.67 crore equity shares to 32 anchor investors at ₹159 per share, the upper end of the IPO price band, according to a stock exchange filing.

Global And Domestic Investors Participate

The anchor book drew participation from several prominent international investors, including Smallcap World Fund, the Monetary Authority of Singapore, Morgan Stanley, Norway's Government Pension Fund Global, Cassini Partners, Amundi, Citigroup, Societe Generale and Goldman Sachs.

Domestic institutional investors also featured prominently. Six mutual fund houses received allocations across multiple schemes, including Axis Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, JM Financial Mutual Fund, ITI Mutual Fund and Groww Mutual Fund. Aditya Birla Sun Life Insurance also participated in the anchor round.

Company Completed Pre-IPO Fundraising Earlier

The anchor allotment follows a ₹371.3-crore pre-IPO placement completed earlier this week.

Singapore’s sovereign wealth fund, GIC, through its subsidiary Gamnat Pte. Ltd., emerged as the largest participant in that round with an investment of nearly ₹280 crore. Other investors included Dymon Asia Multi-Strategy Investment (Singapore) Pte. Ltd. and promoter-linked entity Matyas Possessiones Private Ltd.

Separately, promoter entity Vertical Holdings II sold around 2.33 crore shares, representing a 5.67% stake, through private agreements before the IPO. Following the transaction, its holding in Leap India declined from 73.73% to 68.06%, according to the company's red herring prospectus.

IPO Opens For Public Subscription

The Leap India IPO is priced in the range of ₹151 to ₹159 per share. The IPO opened today, 7 August, and will remain open for subscription until 11 August.

The ₹2,480-crore IPO consists of a fresh issue worth ₹480 crore and an offer for sale (OFS) of ₹2,000 crore by promoter entities.

The company plans to utilise ₹360 crore from the fresh issue proceeds to repay or prepay certain borrowings, while the remaining amount will be used for general corporate purposes.

About Leap India

Founded in 2013, Leap India operates an on-demand asset pooling platform for supply chains. Instead of selling logistics assets outright, the company follows a "share and reuse" model, allowing businesses to lease pallets, crates and other returnable transport assets.

As of 31 March 2026, the company was handling about 14.7 million of pooled assets and supporting more than 1,000 customers with around 10,100 customer interaction points across the country. Its customer base includes different sectors such as FMCG, food and beverages, e-commerce, quick commerce, third-party logistics, automotive, and industrial manufacturing.

Also Read - RBI Keeps Tata Sons In NBFC-UL List; Listing Question Remains Open