Leap India Limited IPO
ListedMainboard
8.35×
Subscribed
Price band
₹159 – ₹159
Issue size
₹2.48k Cr
Open – close
07 Aug 2026
to 11 Aug 2026
Listing
14 Aug 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Caution3 of 7 dimensions read
The filing raises real questions — 1 of 3 signals read negative
Strength44/100
- Meaningful leverageDebt/equity of 1.01×
- Large related-party dealingsRelated-party transactions run at 15.6% of revenue — a material share of the business is with connected entities
- Institutions bid heavilyQIB portion subscribed 16.84×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens07 Aug 2026
- Closes11 Aug 2026
- Listing14 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB16.84x
Non-institutionalNII / HNI12.62x
Retail individualRII1.67x
Chance of allotment
Retail1.67× subscribed
~1 in 1.7
Retail is 1.67× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 1.7 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII12.62× subscribed
~1 in 12.6
HNI is 12.62× subscribed. This category is allotted proportionately, so a bid receives roughly 1/12.6 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹159 – ₹159
Total issue size₹2.48k Cr
Listing atMainboard
Company & valuation
Debt / equity1.01×
Related-party15.61%of revenue
What the money is for
Stated use of the net proceeds
- 01Repayment / prepayment, in full or in part, of certain borrowings availed by our Company₹360 Cr
- 02General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
Large related-party dealingsmedium
Related-party transactions are 15.6% of revenue.
mediumThe company's business has grown rapidly, and there is no assurance that it can sustain its rate of growth and profitability in the future.
mediumA majority of revenue from operations is derived from pallets (62.17%, 67.90% and 72.23% of revenue in Fiscals 2026, 2025 and 2024 respectively). Any adverse impact on the pallet pooling business would adversely affect the business, results of operations and profitability.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Gaja Alternative Asset Management Limitedsame segment
31.2× sub+15.6%
Juniper Green Energy Limitedsame segment
7.9× sub+8.9%
131.8× sub+90.0%
1.6× sub+0.0%
-0.7%
138.6× sub+22.1%
1.5× sub+6.9%
46.2× sub+13.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Leap India Limited IPO subscribed?
Leap India Limited is subscribed 8.35× overall (QIB 16.84×, NII 12.62×, retail 1.67×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Leap India Limited IPO?
The retail portion is subscribed 1.67×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 2. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.