Now Reading: LEAP India raises Rs 744 crore from anchor investors before IPO
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LEAP India raises Rs 744 crore from anchor investors before IPO
LEAP India raises Rs 744 crore from anchor investors before IPO
Ahead of its IPO opening August 7 and closing August 11, LEAP India secured Rs 743.6 crore from anchor investors, Inc42 reported, allotting 4.67 crore shares at Rs 159, the top of its Rs 151 to Rs 159 band. One life insurer and six domestic mutual funds took 1.9 crore of those shares across 15 schemes. Founded in 2013 and majority owned by KKR since 2023, the Mumbai based logistics and supply chain firm had separately raised Rs 371.3 crore in a pre IPO placement, with participation from GIC subsidiary Gamnat and Dymon Asia. The public offer itself comprises a Rs 480 crore fresh issue and a Rs 2,000 crore offer for sale, valuing LEAP India at about Rs 7,004.5 crore at the top of its price band. NDTV Profit reported a grey market premium implying roughly a 6% listing gain, an unofficial signal that can shift before shares actually list.
Indian Opinion Analysis
The Rs 2,480 crore issue leans toward the offer-for-sale component, Rs 2,000 crore against a Rs 480 crore fresh issue, so most money raised goes to selling shareholders rather than into LEAP India's balance sheet. NDTV Profit put the grey market premium at Rs 9 on August 6, an unofficial estimate it says may not reflect actual listing performance. JM Financial is lead managing the book, and a retail lot requires bidding for at least 94 shares, about Rs 14,946 at the cap price. LEAP India brings a real operating record to that debut: revenue up 54% and profit after tax up 66% in FY26, per NDTV Profit. Bidding runs from August 7 to August 11, with the final price set inside the Rs 151 to Rs 159 band.
Coverage: 2 sources, 2 neutral
Sources (2): ndtvprofit.com (neutral report), inc42.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
