About
LEAP India is an asset pooling company that provides supply chain solutions across India. The company's core business involves the pooling of a large asset base, including over 14.7 million pallets, containers, and material handling equipment (MHEs). It rents these assets to over 1,000 clients in sectors such as fast-moving consumer goods (FMCG), automotive, industrials, and logistics. The company’s primary source of revenue is rental income from these pooled assets. Operating under a full-service model, LEAP India manages the warehousing and distribution of its returnable packaging assets through a pan-India network of 29 fulfilment centres and over 10,100 customer touchpoints. The entire business operates as a single segment focused on the hiring and trading of pallets, crates, and related services.
IPO schedule
| Issue open date | 2026-08-07 |
| Issue close date | 2026-08-11 |
| UPI mandate deadline | 2026-08-11 (5 PM) |
| Allotment finalization | 2026-08-12 |
| Refund initiation | 2026-08-13 |
| Share credit | 2026-08-13 |
| Listing date | 2026-08-14 |
| Mandate end date | 2026-08-26 |
| Lock-in end date for anchor investors (50%) | 2026-09-10 |
| Lock-in end date for anchor investors (remaining) | 2026-11-09 |
Financials
| Financial Year Ended | March 2023 | March 2024 | March 2025 |
| Total Assets | 1400.28 | 2042.46 | 2401.05 |
| Revenue | 371.94 | 485.03 | 747.36 |
| Profit After Tax | 37.17 | 37.56 | 62.34 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 2480 |
| Fresh Issue - Proceeds go to the company | 480 |
| Offer for sale - Proceeds go to the existing investors | 2000 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of outstanding borrowings | 360 (75%) |
| General corporate purposes | 120 (25%) |
Strengths
- Largest on-demand asset pooling provider in India by number of pooled assets.
- Asset-light pooling model drives high utilisation and recurring revenues.
- Long-term contracts with diversified customers across FMCG and manufacturing.
- Integrated services covering pallets, containers, and material handling equipment.
- Technology-enabled tracking improves efficiency, visibility, and asset control.
Risks
- High dependence on the pallet pooling business for the majority of revenue.
- Loss or damage of pooled assets could increase costs and impact margins.
- Customer non-renewal or contract termination may affect cash flows.
- Dependence on suppliers and service partners for operations and maintenance.
- High borrowings expose the company to interest rate and covenant risks.
Allotment Status for LEAP India
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.