LEAP India IPO GMP today: The grey market premium for the LEAP India IPO stood at around ₹16 per share on August 10, 2026, signalling a potential listing gain of nearly 10% over the IPO’s upper price band of ₹159. With the current GMP, the estimated listing price works out to around ₹175 per share.
The ₹2,480 crore LEAP India IPO entered its second day of bidding on Monday, August 10, with investors closely tracking the latest grey market trend, subscription figures and the company’s valuation ahead of the issue closing on August 11.
The IPO opened for subscription on August 7 and is scheduled to close on Tuesday. Shares are expected to be listed on the NSE and BSE on August 14, subject to the completion of the allotment process.
LEAP India IPO GMP Today
The LEAP India IPO GMP today is ₹16, according to market data cited by financial publications.
At the upper IPO price of ₹159, adding the current GMP of ₹16 gives an indicative listing price of approximately ₹175 per share.
That translates into a potential premium of about 10.06% over the IPO’s upper price band.
However, investors should remember that GMP is an unofficial and unregulated indicator. It can change sharply before listing and does not guarantee the actual listing price of the shares.
LEAP India IPO GMP — Key Numbers
| Particular | Details |
|---|---|
| IPO price band | ₹151–₹159 |
| Latest GMP | ₹16 |
| Estimated listing price | ₹175 |
| Indicative listing premium | Around 10% |
| IPO size | ₹2,480 crore |
| IPO closing date | August 11, 2026 |
| Expected allotment | August 12, 2026 |
| Expected listing | August 14, 2026 |
LEAP India IPO Subscription Status
The LEAP India IPO received a mixed response from investors on its opening day.
The issue was around 26% subscribed on Day 1, based on the latest figures reported by Mint and Economic Times. The Qualified Institutional Buyers (QIB) category showed comparatively stronger interest, while retail and non-institutional participation remained more moderate.
As the IPO moves through Day 2, market participants are watching whether subscription momentum improves before the issue closes on August 11.
The stronger QIB participation is one of the key numbers investors are monitoring, particularly because LEAP India is entering the public market with a sizeable ₹2,480 crore issue.
LEAP India IPO Price Band and Lot Size
The company has fixed the IPO price band at ₹151 to ₹159 per share.
For retail investors, the minimum application is 94 shares. At the upper price band of ₹159, one lot requires an investment of approximately ₹14,946.
The issue consists of a fresh issue of 3.02 crore shares worth ₹480 crore and an offer for sale of 12.58 crore shares valued at around ₹2,000 crore.
A significant portion of the offer is therefore an OFS, meaning existing shareholders are selling shares rather than the entire IPO proceeds going directly to the company.
Where Will LEAP India Use IPO Money?
LEAP India plans to use around ₹360 crore of the net IPO proceeds to repay or prepay certain outstanding borrowings.
The remaining funds are intended for general corporate purposes, including strengthening the company’s operations and supporting its expansion plans.
The debt reduction component could be important for investors because lower borrowings can potentially reduce the company’s interest burden over time.
What Does LEAP India Do?
LEAP India operates in the supply chain and logistics infrastructure segment.
The company provides asset-pooling and reusable packaging solutions to businesses, helping customers manage pallets, containers and other material-handling assets more efficiently.
Its services include equipment pooling, returnable packaging, inventory management, transportation, repair and maintenance.
The company serves customers across industries including FMCG, food and beverages, e-commerce, quick commerce, automotive, consumer durables and third-party logistics.
According to company disclosures, LEAP India had more than 1,000 customers as of March 31, 2026, while its asset base and nationwide network have expanded significantly over the years.
LEAP India Financial Performance
LEAP India reported strong growth in FY2026.
Its total income increased to approximately ₹747.36 crore in FY2026, compared with ₹485.03 crore in FY2025, representing growth of about 54%.
Profit after tax rose to ₹62.34 crore from ₹37.56 crore, marking an increase of roughly 66% year-on-year.
The numbers indicate strong top-line and bottom-line growth, although investors also need to consider the valuation at which the company is entering the stock market.
LEAP India IPO Valuation: The Key Concern
While the GMP is indicating a possible premium listing, valuation remains one of the major points investors need to consider.
Anand Rathi Research has assigned a “Subscribe – Long Term” rating to the issue but has also highlighted the premium valuation. At the upper price band, the company is valued at around 113.6 times FY2026 earnings, according to the brokerage’s assessment.
SBI Securities, meanwhile, has taken a Neutral view, pointing to LEAP India’s strong position in asset pooling but also highlighting valuation and working-capital concerns.
This creates an important distinction for investors: a positive GMP does not automatically mean the IPO is attractively valued for the long term.
LEAP India IPO: Should You Apply?
The latest GMP suggests that the grey market is currently expecting a positive listing for LEAP India shares. But GMP alone should not be the deciding factor.
Investors looking for a listing gain may be watching the ₹16 GMP closely, while long-term investors will need to focus more closely on earnings growth, debt levels, cash flows, valuation and the company’s ability to maintain its position in the asset-pooling market.
The company has demonstrated strong revenue and profit growth, but the premium valuation means expectations are already high.
In short, LEAP India IPO GMP is positive, but investors should not confuse a positive grey-market signal with a guaranteed listing gain or a low-risk investment.
LEAP India IPO Important Dates
The IPO opened on August 7, 2026, and the subscription window is scheduled to close on August 11.
The share allotment is expected to be finalised on August 12, while the shares are likely to make their market debut on August 14 on the NSE and BSE.
For investors tracking the IPO, the next major trigger will be the final subscription figures and any movement in the grey market premium before the issue closes.
Bottom Line
LEAP India IPO GMP today stands at around ₹16, pointing to an estimated listing price of ₹175 and an indicative premium of roughly 10% over the ₹159 upper price band.
The positive GMP provides some optimism ahead of the listing, but the IPO’s premium valuation and the still-moderate overall subscription response make the final investment decision more nuanced.
GMP can change before listing, and the actual listing price may be significantly different. Investors should read the IPO documents carefully and assess their own risk tolerance before investing.
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