Leap India Files for Rs 2,400 Crore IPO, Aims to Reduce Debt
Leap India Ltd., India's largest supply chain pooling provider, has filed its DRHP with SEBI for a Rs 2,400 crore IPO. The offering includes a fresh issue of Rs 400 crore and an offer for sale of Rs 2,000 crore by promoters. Funds will be used to repay Rs 300.20 crore of debt, with the remainder for general corporate purposes. The company manages 1.4 crore assets across 7,747 customer touchpoints nationwide. Leap India's net profit slightly increased from Rs 37.10 crore in FY 2024 to Rs 37.50 crore in FY 2025, with operational revenue of Rs 466.00 crore in FY 2025.
*this image is generated using AI for illustrative purposes only.
Leap India Ltd., India's largest pooling provider in supply chain management, has taken a significant step towards going public by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is looking to raise Rs 2,400 crore through its initial public offering (IPO), which includes both fresh issue of shares and an offer for sale by promoters.
IPO Structure and Offer Details
The IPO is structured as follows:
- Fresh issue: Rs 400 crore
- Offer for sale by promoters: Rs 2,000 crore
The offer for sale component includes:
- Vertical Holding II Pte.: Selling stakes worth Rs 1,998.00 crore
- KIA EBT Scheme 3: Selling stakes worth Rs 1.40 crore
Use of Proceeds
Leap India has outlined its plans for the funds raised through the fresh issue:
- Rs 300.20 crore will be used to repay debt
- The remaining funds will be allocated for general corporate purposes
As of May 31, the company had outstanding borrowings of Rs 837.80 crore.
Book Running Lead Managers
The IPO will be managed by a consortium of reputable financial institutions:
- JM Financial Ltd.
- Avendus Capital Pvt. Ltd.
- IIFL Capital Services Ltd.
- UBS Securities India Pvt. Ltd.
Company Overview
Leap India Ltd. has established itself as a key player in India's supply chain management sector:
- Largest pooling provider in the country
- Manages 1.4 crore assets
- Operates across 7,747 customer touchpoints nationwide
Financial Performance
The company's recent financial performance shows stability:
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Net Profit | 37.50 | 37.10 |
| Operational Revenue | 466.00 | - |
| Net Worth | 917.30 | - |
*All figures in Rs crore
The slight increase in net profit from FY 2024 to FY 2025 indicates a stable financial position for the company.
Industry Position
As India's largest pooling provider in supply chain management, Leap India's IPO is likely to draw attention from investors interested in the logistics and supply chain sector. The company's extensive network of customer touchpoints and substantial asset base underscore its significant market presence.
The IPO filing marks an important milestone for Leap India as it seeks to capitalize on its market position and potentially reduce its debt burden.
16
