Now Reading: LEAP India IPO lists today; GMP of Rs 12 signals modest pop
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LEAP India IPO lists today; GMP of Rs 12 signals modest pop
Shares of LEAP India will debut on the BSE and NSE on Friday after its Rs 2,480-crore mainboard IPO closed with a decent subscription of nearly 9 times. Grey market data on…
The Story in Brief
Shares of LEAP India will debut on the BSE and NSE on Friday after its Rs 2,480-crore mainboard IPO closed with a decent subscription of nearly 9 times. Grey market data on Thursday showed a premium of Rs 12 per share, implying a listing price of Rs 171, a 7.55% gain over the issue price of Rs 159.
The company, which is the largest on-demand asset pooling provider in India's supply chain sector, had set a price band of Rs 151 to Rs 159. It operates 1.47 crore assets across over 10,100 customer touchpoints. Revenue rose from Rs 365 crore in FY24 to Rs 730 crore in FY26, while net profit attributable to owners grew from Rs 37 crore to Rs 62 crore over the same period.
The Indian Opinion
Grey market premiums are often hyped as crystal balls, but the Rs 12 GMP for LEAP India after a 9x subscription is hardly spectacular. The company's revenue jumped 56% in FY26, yet net profit growth was lumpy. Investors should not mistake a high subscription for a sure-shot listing gain; institutional backing matters more than grey market gossip. Will the stock hold its premium in the first hour, or will weak profit margins drag it down?
Source: livemint.com
This story was synthesised by AI from the source linked above.
