LEAP India Files for Rs 2,400 Crore IPO, Aims to Strengthen Supply Chain Solutions
Supply chain solutions provider LEAP India has filed preliminary papers with SEBI for an IPO to raise Rs 2,400 crore. The offering includes a fresh issue of Rs 400 crore and an OFS of Rs 2,000 crore. Proceeds will be used for debt repayment and working capital. LEAP India manages 13.57 million assets, serves 7,747 customer touchpoints, and reported a total income of Rs 485 crore with a net profit of Rs 37.50 crore.
*this image is generated using AI for illustrative purposes only.
Supply chain solutions provider LEAP India has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company aims to raise Rs 2,400 crore through this offering, marking a notable event in the logistics and supply chain sector.
IPO Structure and Objectives
The proposed IPO comprises two components:
- Fresh issue of shares worth Rs 400.00 crore
- Offer-for-sale (OFS) of Rs 2,000.00 crore by promoters Vertical Holdings II Pte. Ltd and KIA EBT Scheme 3
LEAP India plans to utilize the proceeds from the fresh issue strategically:
- Rs 300.00 crore for debt repayment
- The remaining amount for working capital requirements
Company Profile and Operations
LEAP India, headquartered in Mumbai, has established itself as a prominent player in the supply chain solutions space:
- Operates as an on-demand asset pooling provider
- Manages 13.57 million assets
- Serves 7,747 customer touchpoints
- Maintains 30 fulfillment centers across India
The company's client base includes over 900 customers, with notable names such as Panasonic Life Solutions India, Marico, and Haier Appliances.
Financial Performance
LEAP India reported the following financial results:
- Total income: Rs 485.00 crore
- Net profit: Rs 37.50 crore
These figures underscore the company's strong market position and growth trajectory in the supply chain solutions sector.
IPO Management
The public issue is being managed by a consortium of reputable financial institutions:
- IIFL Capital Services
- JM Financial
- UBS Securities India
- Avendus Capital
This lineup of experienced bookrunners suggests a well-structured approach to the IPO process.
The filing of IPO papers by LEAP India represents a significant development in the Indian supply chain and logistics sector. As the company moves forward with its public offering plans, investors and industry observers will be keenly watching how this capital raise impacts LEAP India's growth strategy and market position in the competitive supply chain solutions landscape.
19
