LEAP India Sets Rs 151-159 Price Band for Rs 2,480 Crore IPO; Issue Opens August 7
Leap India has announced its initial public offering (IPO) with a price band of Rs 151-159 per share. The company aims to raise approximately Rs 2,480 crore through this fresh issuance. The IPO is scheduled to open for subscription on August 7, with a tentative listing date set for August 21. The issue comprises a fresh issue of equity shares and an offer for sale by existing shareholders.
This IPO is significant for investors as it provides an opportunity to participate in the growth story of a leading logistics and supply chain solutions provider. The company has a strong track record of financial performance and a robust order book. Retail investors can bid for shares in the price band, with the lot size set at 98 shares. The IPO will be managed by JM Financial, Axis Capital, and ICICI Securities.
Investors should monitor the grey market premium (GMP) and the overall market sentiment ahead of the subscription dates. The success of the IPO will depend on the demand from various investor categories, including retail, institutional, and qualified institutional buyers. The company's financials and future growth prospects will be key factors to consider before making an investment decision.
Key takeaways
- Category: IPO.
Why it matters
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