LEAP India, a Mumbai‑based supply chain management firm backed by KKR, is preparing to launch a Rs 2,480‑crore IPO. The public subscription will begin on 7 August. A one‑day anchor book opens on 6 August and the public issue closes on 11 August.
Shares are expected to be allotted by 12 August and listed on the bourses on 14 August. The price band will be disclosed separately on 3 August.
The company will raise Rs 480 crore through a fresh issue and an offer‑for‑sale (OFS) of Rs 2,000 crore. Promoters Vertical Holdings II and KIA EBT Scheme 3 will sell shares worth Rs 1,998.62 crore and Rs 1.37 crore respectively.
The fresh issue size has been increased from Rs 400 crore to Rs 480 crore, while the OFS remains unchanged. LEAP India had filed its draft red herring prospectus for a Rs 2,400‑crore IPO in August 2025 and got SEBI approval in December 2025.
Up to Rs 1.25 crore of shares have been reserved for eligible employees. The promoters, KKR via Vertical Holdings II and Sunu Mathew, own 73.78% and 21.07% of the company.
With assets of Rs 1.47 crore and a network of more than 10,100 customer touchpoints across India, LEAP India offers asset pooling and supply chain solutions to FMCG, food & beverage, logistics, e‑commerce, quick commerce, automotive and industrial sectors.
The fresh issue proceeds will help fund the Rs 2,000‑crore OFS. Rs 360 crore of the net proceeds will repay debt, while the rest will be used for general corporate purposes. The company’s consolidated borrowings were Rs 1,023.2 crore as of June 2026.
In FY26, LEAP India posted a 66% rise in profit to Rs 62.3 crore and a 56.4% increase in revenue to Rs 729.5 crore, up from Rs 37.6 crore and Rs 466.5 crore respectively.
JM Financial, Avendus Capital, IIFL Capital Services and UBS Securities India will be the book‑running lead managers for the IPO.