# LEAP India IPO subscribed 24% on Day 1, GMP hints 12% gain 2026-08-07T11:01:52+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet LEAP India’s IPO was subscribed 24% on the first day, with bids for 2.71 crore shares against an offer size of 11.50 crore, as of 14:30 IST. Qualified institutional buyers led with 61% subscription, while retail investors and non-institutional investors subscribed only 10% and 6% respectively. The employee quota was most bullish at 88%. The grey market premium of ₹19.5 signals a 12.26% listing gain above the upper price band of ₹159 per share. LEAP India raised ₹743.6 crore from anchor investors and ₹371.3 crore in a pre-IPO placement from GIC’s subsidiary Gamnat, Dymon Asia Multi-Strategy Investment, and cofounder Sunu Mathew. The IPO comprises a fresh issue of up to ₹480 crore and an offer for sale of up to ₹2,000 crore. Net profit jumped 66% to ₹62.3 crore in FY26, while operating revenue rose 56% to ₹729.5 crore. The company provides supply chain solutions to customers like Coca-Cola, Marico, and Panasonic. ## Coverage - livemint.com - inc42.com Tags: anchor investors, grey market premium, IPO subscription, LEAP India IPO, pallet pooling, SBI Securities Canonical: https://indianopinion.org/leap-india-ipo-subscribed-6-on-day-1-gmp-hints-12-gain/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/leap-india-ipo-subscribed-6-on-day-1-gmp-hints-12-gain/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.