# LEAP India IPO lists Friday with modest GMP of Rs 12

2026-08-13T08:01:02+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

LEAP India shares debut on BSE and NSE on Friday, 14 August, with a grey market premium of Rs 12-12.5 over the issue price of Rs 159, indicating a listing gain of roughly 7.5-8%. The mainboard IPO closed on 11 August with overall subscription of 8.4-9 times. Retail portion was subscribed 1.7 times. The Rs 2,480 crore IPO comprised a fresh issue of Rs 480 crore and an OFS of Rs 2,000 crore, with KKR-backed Vertical Holdings II selling shares worth nearly Rs 2,000 crore. The company, India's largest on-demand asset pooling provider, reported FY26 revenue of Rs 729.53 crore and net profit of Rs 62.34 crore. Analysts warn of high valuation at 110x FY26 earnings but cite structural growth prospects in an underpenetrated market.

## Coverage

- livemint.com <https://www.livemint.com/market/ipo/leap-india-ipo-listing-on-friday-gmp-signals-modest-listing-pop-details-here-11786598955777.html>
- livemint.com <https://www.livemint.com/market/ipo/leap-india-ipo-listing-today-heres-what-gmp-experts-signal-on-share-debut-11786640576709.html>

Tags: BSE, grey market premium, IPO listing, LEAP India, NSE, supply chain
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